Meeting: Finance Committee
Meeting Date: Monday 9th September 2024 at 6:30pm
Meeting Venue: Lower Council Chamber, Council Offices
Public seating will be available. The meeting will be broadcast via Zoom to enable remote public viewing and participation and a video stream will also be broadcast to Facebook. To join the meeting via Zoom, visit https://bit.ly/KTC-Meeting or use meeting ID 821 0560 5574 and password KTC-456189.
1 APOLOGIES FOR ABSENCE
To receive apologies for absence.
2 DECLARATIONS OF MEMBERS’ INTERESTS
To receive declarations of personal, prejudicial, and pecuniary interests from members relevant to items under discussion at the meeting.
3 PUBLIC PARTICIPATION
A period of up to 5 minutes for members of the public to ask questions or submit comments.
4 CONFIRMATION OF PREVIOUS MINUTES
To receive and confirm the minutes of the committee meeting held on 3rd June 2024.
Attachment – Minutes of the meeting held 3rd June 2024.
5 REVIEW OF YEAR-TO-DATE INCOME AND EXPENDITURE
To review the committee’s income and expenditure year to date and the council summary income and expenditure year to date.
Attachments (2) – Finance Committee IE Report 02/09/2024 and Council Summary IE Report 02/09/2024
6 INTERNAL AUDIT WORKING GROUP REPORT
To consider the internal audit working group report for 2023/24 Q4.
Attachment – Report F-24-02 IAWG Report Q4
7 CONCLUSION OF EXTERNAL AUDIT 2023/24
To note the conclusion of the External Audit 2023/24.
Attachment – External Auditor Report 2023/24
8 ANNUAL REVIEW OF FINANCIAL REGULATIONS
To consider amendments to Financial Regulations.
Attachment – Report F-24-03 Annual Review of Financial Regulations and Draft Revised Financial Regulations
9 COMMITTEE BUDGET 2025/26
To agree a draft budget for the 2025/26 financial year.
Attachments (2) – Report F-24-04 Finance Committee Budget 2025/26 and Draft Finance Committee Budget 2025/26
10 CONCLUSION OF EXTERNAL AUDIT 2023/24
To note the conclusion of the External Audit 2023/24.
Attachment – External Auditor Report 2023/24
11 OUTSTANDING MATTERS LOG AND COMMITTEE WORKPLAN
To note that no matters are outstanding on the log and to note the committee workplan for the next twelve months.
Attachment – Finance Committee workplan (September 2024)
12 QUESTIONS TO THE TOWN CLERK
An opportunity for members to raise questions relevant to the work of the committee to the Town Clerk
13 DATE OF THE NEXT MEETING
To note that the next scheduled meeting will be held on 2nd December 2024 (budget meeting).
14 OUTSTANDING DEBTORS
To resolve to exclude the public and press on the grounds that publicity would be prejudicial to the public interest by reason of the confidential nature of the business to be transacted.
To review the council’s outstanding debtor report.