Agenda item

Payment of Accounts

To receive and consider the schedule of accounts paid and bank reconciliations.


The Committee received and considered the financial report showing figures for items under its remit for the last quarter, provided by the Deputy Town Clerk.


The Deputy Town Clerk answered questions from members relating to the payment for the  Corn Exchange pavement licence as it was believed this would be free this year and the description of items listed. On the latter it was advised the accounts system would only allow a certain number of characters.


Members were also advised that quarterly stocktakes were carried out in the Corn Exchange to mitigate risk in relation to supplier costs at the 1863 Café bar..


The Town Clerk advised members that the multiple transfers of £1.5m showing on the statement related to a transfer between internal accounts. Barclays Bank were having internal processing issues and were hoping to resolve imminently.




1.      That, the current financial position be noted.

2.      That, the cheque payments to WODC for the Corn Exchange pavement licence would not be presented for payment.


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