Issue - meetings

To consider the report of the Interim Chief Finance Officer (copy enclosed).

The Committee considered the report of the Interim Chief Finance Officer reporting Virements, Supplementary Estimates agreed under delegated powers where they were below the levels requiring approval by the Committee. The report also provided details regarding procurement exemptions and the use of reserves.

The report informed Members of Virements (section 3.3.1), Procurement Exemptions (section 3.5.1) and Use of Reserves (section 3.6.1) agreed during the period. It was noted that there were no supplementary estimates agreed during this period.

Section 3.3.2 provided detail of a Virement, which due to its nature and amount, required approval by the Committee. The Lead Specialist: Finance explained that this was an accounting virement to pay an invoice relating to a staff member rather than via payroll. This Committee was required to approve the virement because it related to a staffing budget.

Following some discussion, the Chairperson put the recommendations as set out the report and these were duly agreed.

RESOLVED

(i)             That the virements as detailed in paragraph 3.3.1 be noted;

(ii)            That the virement as detailed in paragraph 3.3.2 be approved;

(iii)           That the procurement exemptions as detailed in paragraph 3.5.1 be noted;

(iv)           That the reserve drawdown as detailed in paragraph 3.6.1 be noted.