May 2022
Minutes of the Finance Committee of Market Rasen Town Council, held on Tuesday 31st May 2022 at 6.00pm in the Committee Room adjacent to the Festival Hall, Caistor Road, Market Rasen.
.
Present:
Councillor Hassan (Committee Chairman), Councillor Bunney, Councillor Taylor, and Councillor Lakin-Whitworth, Councillor Gray.
In attendance:
Lucy Waller – Town Clerk and Responsible Financial Officer (RFO)
The Meeting opened at 18:00
1. Chairman’s opening remarks
The Chairman welcomed members to the meeting.
2. To approve and accept Apologies for absence and reasons given.
None
3. To receive any declarations of interest in accordance with the requirements of the localism Act 2011 and to consider any applications for dispensations in relation to Disclosable Pecuniary Interests.
Councillor Bunney declared an interest as a member of the Town Partnership group, which was referenced within reports.
4. To resolve to approve the draft minutes of the last meeting, held on January 20th 2022, as a correct record.
It was RESOLVED to approve the draft minutes of the last meeting, held on January 20th, 2022, as a correct record.
5. To note the monthly finance report at 30th April 2022.
Members noted the report
6. To note the detailed income and expenditure report to end of Quarter 4 - 2021/22.
Members noted the report, it was highlighted that that the creation of the inhouse Maintenance Operative role had not negatively impacted on the general maintenance and new equipment budgets.
7. To note the end of year internal audit summary report and to make any recommendations for action to Full Council.
Members noted the report and as there were no recommendations contained within it , no further recommendations were made.
8. To NOTE the internal control checklist for Q3 2021/22 and NOMINATE a member to undertake the internal control checklist for Q4 2021/22.
Members noted the checklist and Councillor Hassan was nominated to undertake the checks for Q4 2021/22
9. To resolve to recommend to Full Council the addition of Councillor Adam Gray as a bank signatory and internet banking user as per the terms of reference of the Finance Committee.
It was resolved to recommend to Full Council the addition of Councillor Adam Gray as a bank signatory and internet banking user as per the terms of reference of the Finance Committee.
10. To note that there are no current debtors to report.
Members noted that there were no current debtors to report.
The meeting closed at 18.20