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There is no summary of this meeting yet. One is written once the council publishes the minutes. The agenda and papers are below.
None.
None present.
The Action List from the previous meeting held on 16th January 2025 was noted. https://youtu.be/dNQTc-ktyxY?si=XRUUYJIa_yBY1K6v&t=2 1. Dates of Meetings: The dates were shared with the Chair and approved: CLOSED
Gemma Ellis and John Paxton, Ardal (procurement partners) presented a report providing an update of Contract Procedure Rules. Following their presentation, Committee Members were invited to ask questions: https://youtu.be/dNQTc-ktyxY?si=BT2yFLphoflNYrjH&t=12 As in the report recommendations, the Committee: 1. noted and considered the draft Contract Procedure Rules, and raised relevant comments or queries during the Committee meeting. 2. noted that the CPR’s are subject to subsequent approval by full Council at its meeting on 6th March 2025. ACTION: The Leader of the Council to be advised that whilst generally supportive of the draft document, the Committee raised some points as follows: · The Committee identified some tension between ensuring transparent purchasing versus the need to have a Value for Money process which doesn’t overly constrain the council’s agility; also · Concerns over the absence of a de minimis value in respect of the need for one quotation. The Committee was unwilling to accept the document in its current form and requested that consideration was given to some adjustments.
The Head of Finance presented the 2024/25 Q3 Treasury Report. Following presentation of the report, Committee Members were invited to ask questions: https://youtu.be/dNQTc-ktyxY?si=Y9tdF3yT1jDCBFo6&t=1449 As contained in the report recommendations, the Governance & Audit Committee reviewed the results of treasury management activities and the performance achieved in quarter 3 as part of their delegated responsibility to provide scrutiny of treasury policy, strategy and activity on behalf of Council.
The Head of Finance presented the 2025/26 Capital Strategy and Treasury Strategy Report. Following presentation of the report, Members were invited to ask questions: https://youtu.be/dNQTc-ktyxY?si=JYcR9L58mnljAgKz&t=2902 As per the report recommendations: 1. The Governance & Audit Committee considered the draft Capital strategy for 2025/26 as found at Appendix 1 and endorsed it for onward circulation and approval by full Council. 2. The Governance & Audit Committee considered the draft Treasury management strategy for 2025/26 as found at Appendix 2 and endorsed it for onward circulation and approval by full Council. This includes the: · 2025/26 Minimum Revenue Provision Policy Statement, and; · 2025/26 Investment & Borrowing Strategies 3. The Governance & Audit Committee noted the requirement to review the Council’s treasury management activities on behalf of the Council by continuing to receive quarterly treasury management activity updates during 2025/26 as per the requirements of the updated CIPFA Treasury Code of Practice.
The Acting Chief Internal Auditor presented the Internal Audit Quarterly Progress Report for Q3. Following presentation of the report, questions were invited from Members: https://youtu.be/dNQTc-ktyxY?si=PGSWKeCIlDJzsVZP&t=4139 As per the report recommendations: 1. The Committee considered and noted the audit opinions issued. 2. The Committee noted the progress made by the Section towards meeting the 2024/25 Operational Audit Plan and the Section’s performance indicators at the 9 month stage of the financial year.
The Forward Work Plan was noted. It was decided to cancel the meeting of the 13th March 2025. https://youtu.be/dNQTc-ktyxY?si=re97xmmRRCj4DUQl&t=5139
The minutes of the previous meeting were approved as an accurate record. https://youtu.be/dNQTc-ktyxY?si=nsaxJ-5FrpsBMFwi&t=5341
https://youtu.be/dNQTc-ktyxY?si=b_nLhH3eR3EQvXfF&t=5353
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