NORTH MYMMS PARISH COUNCIL

 

 

Minutes of a MEETING of the FINANCE COMMITTEE held in the Council Office, Annexe to No 1 Bungalow, Bushwood Close, Welham Green on Wednesday, 26 November 2008.

 

PRESENT :               Councillors     W A Storey    Chairman

C Everard     

                                                            P Hastings    

                                                            R N Horrocks

                                                            K Pieri

                                                                                                                       

                                    Clerk               Mrs J Schettino

 

 

1.         APOLOGIES FOR ABSENCE

There were no apologies for absence.

2.         MINUTES OF THE LAST MEETING

 

The Minutes of a Meeting of the Finance Committee held on Wednesday, 29 October 2008 were agreed as being a true record of the proceedings and signed by the Chairman.

 3.       MATTERS ARISING

 

There were no matters arising.

 

4.         ACCOUNTS FOR PAYMENT

 

A Schedule of Accounts for Payment totalling £15,941.76 inclusive of Imprest Expenditure of £94.00 was presented.   After careful consideration of each item it was agreed that the total amount be recommended to Council for approval and payment in full.        

                                   

5.         STATEMENT OF BALANCES

 

Consideration was given to a Statement of Balances held with the National Westminster Bank plc as at 20 November 2008 showing an income of £6,574.98.

 

6.         TRANSFER OF MONEY

Approval was given to the Clerk’s action in arranging the transfer of £20,000 from the Council’s SIBA Account to Current Account with effect from 17 November 2008.

 

7.         BUDGET/PRECEPT 2009-2010

 

The Chairman said that, as arranged at the last meeting, he had circulated to all Councillors a Schedule of the Council’s estimated income and expenditure for the next financial year, and based upon earlier discussion with members of the Council and a budget meeting held on 12 November 2008, final figures had been produced for approval by the Finance Committee.

 

Following a lengthy discussion which gave due consideration to the credit recession, it was finally agreed by using the Chairman’s vote that the precept against Welwyn Hatfield Borough Council should be increased by only 1% to £177,250 for 2009-2010 and this was being recommended to full council for approval.

 

The voting was recorded as:

 

2 Members for an increase of 1% + Chairman’s vote = 3

1 Member for an increase of 2%

1 Member for no increase at all.

 

It was proposed and unanimously agreed that a vote of thanks be recorded to Councillor Storey for his work and guidance in preparing the budget/precept figures for approval.

 

8.         ANY OTHER BUSINESS

 

a)  Scribe Report

 

A Scribe Report to October 2008 and bank reconciliation to 14 November 2008 showing the Council’s financial situation was noted.

 

 

9.         DATE OF NEXT MEETING

 

A meeting has already been arranged for Wednesday, 7 January 2009 commencing at 7.15 pm in the Council Office.

The meeting closed at 7.55pm.