Agenda and minutes

To sign as a correct record the minutes of the meeting held on 30 July 2019

The minutes of the meeting held on 30 July 2019 were signed as a correct record.

Councillors/Staff to give notice of any disclosable pecuniary interest, other registrable interest or any other interest and the nature of that interest relating to any item on the agenda in accordance with the adopted Code of Conduct.

None Declared

To answer questions from members of the public – submitted in writing or by electronic mail no later than 5.00 pm, 2 working days before the meeting.

None Received

Officers from Parking Services attended to provide an update on risk management for this area of the business. The Committee requested a verbal update at the next meeting in relation to the progress of the agreed actions.

The Assurance, Risk and Audit Manager presented the Assurance, Risk and Audit Report for the Quarter Ending 30 June 2019.

Members were advised that the chargeable time for Quarter 1 was below targets due to staff sickness absence. Additional external ICT assurance had been supplied by Mersey Internal Audit Agency and the final report will be presented in the Quarter 2 progress report.

In relation to corporate fraud, members were advised that all outcomes from National Fraud Initiative activity had been in relation to Council Tax, and that a total overpayment £30,467 had been identified.

The Assurance, Risk and Audit Officer went through the Revenue and Benefits Audit and the Risk Management Review, both for 2018/19. Members were also presented with the Housing and Health Review for 2018/19, and were advised that the review took place during a period of restructuring.

Members asked questions in relation to the content of the review documents, clarification was provided by officers.

Agreed

That the contents of the report be noted.

The Financial Services Manager presented the report which informed members of the performance of the Councils Treasury Management activities during 2018/19, including the effects of Treasury Management decisions and transactions executed in the past year and of the compliance with its Treasury management Policy.

The report summarised the following:

·  Economic background

·  Overall treasury position

·  Borrowing requirement

·  Borrowing rates

·  Borrowing strategy 2018/19

·  Borrowing activity during 2018/19

·  Investment rates

·  Investment Strategy for 2018/19

·  Investment outturn for 2018/19

·  Prudential and Treasury Indicators

The Financial Services Manager then answered questions from members in relation to the contents of the report.

Members noted the contents of the report.

Angela Pieri of Grant Thornton presented the Annual Audit Letter to members for 2018/19.

Members were advised of the key messages, the value for money audit and that audit fees for 2018/19 had increased by £3,000 from the publication of the letter to £44,559

Members noted the contents of the report

Angela Pieri of Grant Thornton presented the Progress Report to members for 2019/20.

Members noted the contents of the report