Agenda and minutes

Special Governance Committee, Governance Committee
Monday, 17th November, 2014 5.00 pm

Venue: Committee Room 1 - Civic Centre. View directions

Contact: Pat Wood 02380 832302 

Items
No. Item

19.

Disclosure Of Personal And Pecuniary Interests

In accordance with the Localism Act 2011, and the Council’s Code of Conduct, Members to disclose any personal or pecuniary interests in any matter included on the agenda for this meeting.

 

NOTE:  Members are reminded that, where applicable, they must complete the appropriate form recording details of any such interests and hand it to the Democratic Support Officer.

Minutes:

All Members declared an interest in the Members Allowance Scheme, Minute 21, under the Code of Conduct, part 4, paragraph (13) (5) (d).

20.

Minutes Of Previous Meeting (Including Matters Arising) pdf icon PDF 20 KB

To approve and sign as a correct record the Minutes of the meeting held on 15 September 2014 and to deal with any matters arising, attached.

 

Minutes:

RESOLVED: that the minutes for the Committee meeting on 15 September 2014 be approved and signed as a correct record.

 

21.

Members’ Allowance Scheme pdf icon PDF 29 KB

Report of the Head of Legal and Democratic Services seeking comments on the recommendations of the Independent Remuneration Panel on Members’ allowances, attached.

Additional documents:

Minutes:

The Committee considered the report of the Head of Legal and Democratic Services seeking comments on the recommendations of the Independent Remuneration Panel’s report.

 

The Committee fully endorsed the report by the Independent Remuneration Panel and considered the pro-rata arrangement for Opposition Group Leaders and increase in carers’ allowance to be positive steps for the future.

 

RESOLVED that a recommendation be made to Council to amend the Members’ Allowance Scheme as set out in the report. 

 

22.

Treasury Management Strategy and Prudential Limit Mid Year Review 2014 pdf icon PDF 241 KB

Report of the Chief Financial Officer regarding the Treasury Management Strategy and Prudential Limits Mid Year review, attached.

Additional documents:

Minutes:

The Committee considered the report of the Chief Financial Officer regarding treasury management activity and the mid-year review of cash flow, investment and borrowing.

 

RESOLVED that:-

 

(i)  the current and forecast position be noted and any changes be endorsed;

(ii)  the pro-active approach to Treasury Management which had led to reductions in borrowing costs and safeguarded investment income during the year and increased the yield be noted; and

(iii)  that the increase in the non-specified investment limit for institutions be approved, which fall below our minimum investment limit of A-, to £5M, as detailed in paragraph 29 of the report.