Minutes of Special Finance Committee Meeting

Minutes (Open Portion)

Special Finance Committee Meeting

Page 3

27/06/2017

Special Finance Committee Meeting (Open Portion) held on Tuesday, 27 June 2017 at 5.01 pm in the Lady Osborne Room, Town Hall.

COMMITTEE MEMBERS

Thomas (Chairman)

Deputy Lord Mayor Christie

Zucco

Ruzicka

Sexton

PRESENT: Alderman D C Thomas (Chairman), the Deputy Lord Mayor Alderman R G Christie, Aldermen M Zucco, E R Ruzicka, P T Sexton, the Lord Mayor Alderman S L Hickey, P S Cocker and W F Harvey.

APOLOGIES: Nil.

LEAVE OF ABSENCE: Nil.

ALDERMEN

Lord Mayor Hickey

Briscoe

Burnet

Cocker

Reynolds

Denison

Harvey

1. Co-Option of a Committee Member in the event of a vacancy

No Aldermen were co-opted to the Committee

2. Indications of Pecuniary and Conflicts of Interest

Ref: Part 2, Regulation 8(7) of the Local Government (Meeting Procedures) Regulations 2015.

Aldermen are requested to indicate where they may have any pecuniary or conflicts of interest in respect to any matter appearing on the agenda, or any supplementary item to the agenda, which the committee has resolved to deal with.

No interest was indicated.

3. Transfer of Agenda Items

Regulation 15 of the Local Government (Meeting Procedures) Regulations 2015.

A committee may close a part of a meeting to the public where a matter to be discussed falls within 15(2) of the above regulations.

In the event that the committee transfer an item to the closed portion, the reasons for doing so should be stated.

Are there any items which should be transferred from this agenda to the closed portion of the agenda, or from the closed to the open portion of the agenda?

4 Reports

4.1 Budget Estimates 2017/2018

File Ref: F17/58061

RUZICKA

That the recommendation contained in the report of the Director Financial Services and the Manager Finance of 26 June 2017, be adopted, amended by the following.

1 The addition of clause 15 to read as follows:

“15 (i) Further urgent report on the capital works program on the carry-

forwards issues in relation to loan borrowings and capital works.

(ii) A report on considerations of whether efficiency dividends can

be implemented with employee costs and benefits with bonuses and what unintended consequences may arise with any reduction in services, on the carry-forwards issues in relation to loan borrowings and capital works, a review of tools that exist for differential rating to match outlay of capital works across the city and associated equity issues, and consideration of further grant opportunities for Council.”

MOTION LOST

VOTING RECORD

AYES	NOES
Thomas	Deputy Lord Mayor Christie
Ruzicka	Zucco
	Sexton

SEXTON

That the matter be deferred to a Special Finance Committee meeting to be held on Monday 3 July 2017 prior to the Council meeting. The General Manager to provide additional information on capital expenditure and specifically the Council’s ability to expend projects contained in the 2017/18 financial year as well as any other efficiency savings.

MOTION CARRIED

VOTING RECORD

AYES	NOES
Thomas	Ruzicka
Deputy Lord Mayor Christie
Zucco
Sexton

COMMITTEE RESOLUTION:

Delegation: Committee

There being no further business the meeting closed at 6.05 pm.

TAKEN AS READ AND SIGNED AS A CORRECT RECORD THIS
18^th DAY OF JULY 2017.

CHAIRMAN