Minutes
Finance and Risk Committee Meeting Minutes
18:30pm Wednesday 16 April 2025
Function Room, St Andrews Community Centre, Saxilby.
Members Present
Cllrs Barratt, Bridge, Hillman, Shepherd, and Waller (Committee Chair).
Absent
Cllrs Crump and Saunders.
In Attendance
Assistant Clerk, Zarina Belk.
One member of the public.
Meeting
F25/038 1. Note apologies for absence
Noted.
F25/039 2. Receive declarations of interest in accordance with the Localism Act 2011 and consider granting dispensation requests
None received.
F245/040 3. Approve notes of the 19 March 2025 finance and risk committee meeting as minutes
Having been proposed (Cllr Bridge) and seconded (Cllr Barratt) it was RESOLVED to approve notes of the 19 March 2025 finance and risk committee meeting as minutes.
F25/041 4. Note the meeting action log
Noted.
Finance
F25/042 5. Review the internal auditor reports for month end and agree any recommended actions (Financial Reg. 2) Month 12: March
The report was reviewed.
To approve the March 2025 (month 12) financial reports (FR.5b):
F25/043 6. Income and expenditure (FR.4i) [report pp17-34]
Having been proposed (Cllr Hillman) and seconded (Cllr Bridge), it was RESOLVED to:
Approve the income and expenditure report (FR.4i).
F25/044 7. Verified bank reconciliations and sign the reconciliation and bank statements (FR.2b) [report pp1-10]
Having been proposed (Cllr Hillman) and seconded (Cllr Shepherd), it was RESOLVED to:
Approve the verified bank reconciliations and sign the reconciliation and bank statements.
F25/045 8. Income, payments, and transfers (FR.5b)
Having been proposed (Cllr Bridge) and seconded (Cllr Hillman), it was RESOLVED to
Approve the income, payments, transfers, and variants reports.
Risk
F25/046 9. Note the quarterly VAT report
Noted.
F25/047 14. 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.
Having been proposed (Cllr Barratt) and seconded (Cllr Shepherd), it was RESOLVED to:
Enter into closed session.
One member of public left the meeting.
F25/0 11. Review the outstanding purchase ledger and sales ledger balances, agree actions making any recommendations to full council [Cllr report pp36-41]
The assistant clerk reported that the change in credit terms to a customer is being successful and that there were no other issues to report. The ledgers were reviewed and noted.
The meeting closed at 18:58.
Please be advised these are notes of the meeting taken by the assistant clerk and cannot in any way be regarded as the official minutes of council proceedings until they are approved and signed at the next meeting.