Agenda item

To receive and consider the schedule of accounts paid and bank reconciliations from the Responsible Financial Officer (RFO).

The Committee received the report of the Responsible Financial Officer (R.F.O) with the accompanying payment schedules, bank statements and reconciliations.

In response to a Member’s query it was confirmed that an issue with direct debits was in hand and that Members would notice an increase in electronic payments moving forward due to the time and cost of processing cheque transactions.

In addition, the RFO tabled an addendum to the report at the meeting concerning the banking mandate for the Council’s CCLA investments. A correspondent for the investments was required along with Councillor signatories for payments.

Recommended:

1.      That, Sharon Groth (Town Clerk/CEO) and the Members of the Policy, Governance & Finance Committee, Cllrs Ruth Smith, Joy Aitman, Rachel Crouch, Andy Bailey, Jane Doughty, Thomas Ashby, Geoff Doughty, and Sandra Simpson, be appointed as signatories for the Council’s Public Sector Deposit Fund and the Local Authorities Property Fund and,

2.      That, Nigel Warner, RFO, act as correspondent for the Local Authorities Property Fund and main contact for the Public Sector Deposit Fund and,

3.      That, the report, bank statements and reconciliations be noted, and the following schedule of payments be approved: