Agenda and minutes
Venue: Committee Room - Civic Centre, Doncaster Road, Selby, YO8 9FT
Contact: Palbinder Mann 01757 292207 or Email: pmann@selby.gov.uk
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Apologies for Absence Minutes: Apologies for absence were received from Councillor Lunn. The Leader of the Council welcomed Councillors Buckle and Musgrave to their first meeting since being appointed to the Executive. The Leader of the Council also thanked Councillor Mackman for all of his work from his time on the Executive. |
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The Executive is asked to approve the minutes of the meeting held on Thursday 4 April 2019.
Minutes: The Executive considered the minutes of the meeting held on 4 April 2019.
RESOLVED: To approve the minutes of the meeting held on 4 April 2019 for signature by the Chair.
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Disclosures of Interest A copy of the Register of Interest for each Selby District Councillor is available for inspection at www.selby.gov.uk.
Councillors should declare to the meeting any disclosable pecuniary interest in any item of business on this agenda which is not already entered in their Register of Interests.
Councillors should leave the meeting and take no part in the consideration, discussion or vote on any matter in which they have a disclosable pecuniary interest.
Councillors should also declare any other interests. Having made the declaration, provided the other interest is not a disclosable pecuniary interest, the Councillor may stay in the meeting, speak and vote on that item of business.
If in doubt, Councillors are advised to seek advice from the Monitoring Officer. Minutes: There were no declarations of interest.
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Financial Results and Budget Exceptions Report to 31st March 2019 PDF 383 KB Report E/19/01 presents the financial results and budget exceptions to 31 March 2019. Additional documents: Minutes: The Leader of the Council presented a report which presented the financial results and budget exceptions to 31 March 2019.
The Leader of the Council informed the Executive that the Council remained in a strong position with regard to the housing revenue account and that the condition of the Council’s housing stock remained positive.
RESOLVED:
i) To carry forward the funds set out in Appendix D totalling £19.8m for the General Fund, HRA and Programme for Growth from 2018/19 to 2019/20.
ii) To transfer the £59k General Fund to the Contingency Reserve to support future spending needs.
iii) To transfer the additional £753k HRA surplus to the ‘HRA Major Repairs Reserve’ to support the future capital programme. REASON FOR DECISION:
To allow projects and initiatives not completed in year to be rolled over to the following year and to make adequate appropriations to reserves to mitigate future spending priorities.
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Treasury Management - Annual Review 2018/19 PDF 536 KB Report E/19/02 reviews the Council’s borrowing and investment activity (Treasury Management) for the period 1st April 2018 to 31st March 2019 (Q4) and presents performance against the Prudential Indicators. Additional documents: Minutes: The Leader of the Council presented the report which reviewed the Council’s borrowing and investment activity (Treasury Management) for the period 1st April 2018 to 31st March 2019 (Q4) and presented performance against the prudential indicators.
The Leader of the Council noted that while interest rates had not been high, the work done on investment with North Yorkshire County Council had been positive. It was noted that the property fund had been positive with a return of over 4%.
In response to a query concerning further opportunities for housing development, the Director of Corporate Services and Commissioning explained that the Council was looking at a range of section 106 opportunities along with implement phase two of the housing development programme.
RESOLVED:
i) To endorse the actions of officers on the Council’s treasury activities for 2018/19 and approve the report.
ii) To note that investment income allocated to the General Fund, over the £300k threshold is to be transferred to Contingency Reserve – equating to £56k for the year.
REASON FOR DECISION:
To comply with the Treasury Management Code of Practice, the Executive is required to receive and review regular treasury management monitoring reports. |
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Executive Appointments on Outside Bodies 2019/20 PDF 217 KB Report E/19/03 asks the Executive to consider these appointments for 2019/20 and make any changes as appropriate. Additional documents: Minutes: The Leader of the Council presented the report which asked the Executive to consider appointments to Outside Bodies.
The Leader of the Council proposed the following appointments:
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