Agenda
Finance and Risk Committee Agenda
Wednesday 17 April 2024 6.30pm
Function Room, St Andrews Community Centre, Saxilby, LN1 2LP.
1. Elect a chair
2. Receive apologies and accept valid reasons for absence
3. Receive Declarations of Interest as per Localism Act 2011
4. Agree to update the Elections Ear Marked Reserve (EMR) for 2024/25 to previously agreed level, from General Reserves
5. Agree to split s106 Ring Fenced Funds (RFF) into two RFF based on their required usage
Internal audit (Financial Reg. 2)
6. Review the internal auditor report(s) and agree any recommended actions for the March accounts (month 12)
7. Annual review of internal auditor in respect of personal independence, financial independence, and professional independence (JPAG 2024, para 4.11)
8. Agree the internal audit programme of work, having regard to the authority’s identified risks
To approve the March 2024 financial reports (month 12):
9. Explanations of variances report for income and expenditure and agree virements (Financial Reg. 4i)
10. Income and expenditure report (Financial Reg. 4i)
11. Verified bank reconciliations and sign the reconciliation and bank statements (Financial Reg. 2b)
12. Income, payments, and transfers reports (Financial Reg. 5b)
13. Note the play area inspection report
14. Note the meeting action log
15. Approve notes of the 20 March 2024 finance committee meeting as minutes
16. CLOSED SESSION – Committee to resolve to go into closed session in accordance with the Public Bodies (Admissions to Meetings) Act 1960 for the following item on the grounds that publicity would be prejudicial to the public interest by reason of the confidential nature of the business to be transacted
17. Review the outstanding purchase ledger and sales ledger balances and make any recommendations to council (Financial Reg. 9d)
Lydia Hopton, Parish Clerk
12 April 2024