MINUTES OF THE FINANCE COMMITTEE MEETING

held on 6 March 2006 at 7.30pm in the Library Room

PRESENT: Cllr Mrs Myers (Chairman)

Cllrs Mrs Gregory, Gridley, Mrs McKechnie, Peeler, Weston and Wilkinson

4 members of the public; Press; Clerk/RFO: Ann Hooton & Fiona Lippmann.

06/16 APOLOGIES FOR ABSENCE were received from Cllr McPartland.

06/17 DECLARATIONS OF INTEREST

None were declared.

06/18 MINUTES OF THE FINANCE COMMITTEE MEETING held on 6 February 2006

It was AGREED that the minutes were a true record of the meeting and they were signed by the Chairman. Proposer Cllr Gridley; seconded by Cllr Mrs McKechnie.

06/19 RESPONSIBLE FINANCE OFFICER'S REPORT

a) Proposed change to head of budget; it was AGREED that the income generated by the Local Produce Market will be vired from the General Account to the Property Management & Tourism budget.

b) Transfer of funds: £37,000 has been transferred from the Bank of Ireland account to the current account to cover the payment for works to Hamden Pond. 06/20

RECONCILATION AND CHEQUES FOR PAYMENT

Members considered the list of cheques for payment. It was AGREED that they be signed as listed. The RFO reported that cheques 6013 (£69.87) and 6014 (£36.31) had been signed prior to the meeting to cover a shortfall in salaries created by a fault in the payroll, following an update. A transfer of £10,000 was AGREED to top up the current account. The reconciliation to 31 January 2006 was received and noted.

06/21 STATEMENT OF ACCOUNTS

The statement of accounts was received and noted.

06/22 MATTERS OF REPORT
Attention was drawn to the letter from Allianz Cornhill, imposing a voluntary excess limit of £250. The Clerk was instructed to obtain quotations from other insurance companies.

06/23 CLOSURE OF MEETING

There being no further business, the Chairman closed the meeting at 7.45pm.

Signed:
Date: 3 April 2006

(Chairman)