Agenda, decisions and draft minutes

Venue: The Forum, Moat Lane, Towcester, Northants NN12 6AD

Contact: Sharon Hickson, Democratic and Elections  Email: democracy@cherwellandsouthnorthants.gov.uk 01295 221534

Items
No. Item

45.

Declarations of Interest

Members are asked to declare any interest and the nature of that interest which they may have in any of the items under consideration at this meeting.

 

Minutes:

There were no declarations of interest.

46.

Minutes pdf icon PDF 66 KB

To confirm the Minutes of the meeting of the Committee held on 21 November 2019.

Minutes:

The Minutes of the meeting of the Committee held on 21 November 2019 were agreed as a correct record and signed by the Chairman.

47.

Chairman's Announcements

To receive communications from the Chairman.

 

Minutes:

The Chairman informed members that item 7, External Audit verbal update would be presented first followed by item 6, Internal Audit Progress Report.

48.

Urgent Business

The Chairman to advise whether they have agreed to any items of urgent business being admitted to the agenda.

Minutes:

There was no urgent business.

49.

External Audit Progress Report

Verbal update by the Executive Director: Finance (S151 Officer)

Decision:

Resolved

 

(1)          That the Verbal update be noted.

Minutes:

The Associate Partner, Ernst Young, External Auditor gave a verbal update which informed members of the progress of the closedown of the 2018/19 Accounts confirming that the 2018/19 Accounts would be presented to the March Committee meeting for sign off.

 

In response to Members’ queries regarding the progress of the closedown of the 2019/20 accounts, the Associate Partner, Ernst Young, External Auditor assured Members that the Committee would be kept updated on progress.

 

Resolved

 

(1)          That the Verbal update be noted.

50.

Internal Audit Progress Report pdf icon PDF 72 KB

Report of the Executive Director - Finance

 

Purpose of report

 

To receive the CW Audit Service Update report for 2019/20.

 

Recommendations

            

1.            The meeting is recommended to note the contents of the 2019/20 internal audit progress report from CW Audit Services.

Additional documents:

Decision:

Resolved

 

(1)          That the contents of the 2019/20 internal audit progress report from CW Audit Services be noted.

 

Minutes:

The Executive Director – Finance submitted a report updating members on the progress of Internal Audit 2019/20.

 

In presenting the report, CW Audit, the council’s internal auditor, highlighted a number of areas, including the implementation of agreed actions and the Internal Audit Plan and Profile. As of December 2019 these figures related to South Northamptonshire Council only. The snap General Election in December 2019 had, caused delays in the scheduling of assignments but officers were working to bring this back on track.

 

Resolved

 

(1)          That the contents of the 2019/20 internal audit progress report from CW Audit Services be noted.

 

51.

Draft Treasury Management Strategies 2020-21 pdf icon PDF 82 KB

Report of the Executive Director - Finance

 

Purpose of report

 

To submit the draft suite of Treasury Management Strategies for 2020-21.

 

Recommendations

            

The meeting is recommended:

 

1.         To recommend the draft Treasury Management Strategies 2020-21 to Council for adoption

Additional documents:

Decision:

Resolved

 

(1)          That the draft Treasury Management Strategies 2020-21 be noted.

Minutes:

The Executive Director Finance submitted a report presenting the draft, capital, investment and treasury management strategies for 2020-21.

 

The Strategic Business Partner and Deputy Section 151 Officer presented the individual strategies to the committee and highlighted areas within each, including the approved counterparties within Treasury Management Strategy Statement 20/21, Capital Expenditure and Financing within the Capital Strategy 2020/21.

 

 

Resolved

 

(1)          That the draft Treasury Management Strategies 2020-21 be noted.

52.

Review of Committee Work Programme pdf icon PDF 44 KB

To review and note the Committee Work Programme.

Decision:

Resolved

 

(1)          That, subject to the addition of 2018-19 account sign off to the March meeting, the work programme be noted.

Minutes:

The Committee considered it’s work programme. Members noted that the Statement of Accounts 2018/19 would be submitted for sign off and requested it be added to the March meeting.

 

Resolved

 

(1)          That, subject to the addition of 2018-19 Statement of Account sign off to the March meeting, the work programme be noted.