Finance Committee

Tuesday 25 January 2022 2pm

Mayor's parlour, Civic centre, Stourport-on-Severn. 

1. To receive apologies for absence.

2. To confirm the Minutes of the Meeting of the Committee held on the 2nd November 2021.  (Appendix 1)

3. Declarations of Interest - to invite Members to declare any Disclosure Pecuniary Interests (DPIs) and/or Other Disclosable Interests (ODIs) in the following items on this Agenda.

4. Annual Audit for the year ended 31st March 2021.  To receive the External Auditor’s Report dated 12th September 2021, which provides a fully unqualified Certificate and Opinion.  (Appendix 2)

5. Review of Mayoralty.  To review the adequacy of the Mayoralty paid each year to the Town Mayor under the provisions of Section 176 of the Local Government Act 1972 and the allowance paid to the Deputy Mayor.

The Town Council’s policy has been to increase the allowances by inflation.  If this is applied, the Mayoralty would increase from £5,000 to £5,270.  It is suggested that the allowance to the Deputy Mayor be increased from £1,000 to £1,054 in 2022-23.  It is proposed that both increases take effect from the Annual Meeting of the Council in May 2022.

6. Risk Assessment Review.  To assess risks within the services and operations conducted by the Council and to decide upon appropriate measures to avoid, reduce or control the risk of is consequences.  (Appendix 3)

7. To receive a verbal update from the Treasurer on Treasury Management Policy Statement and Investment Strategy 2021/22.

8. To receive a verbal update from the Treasurer on the Financial Regulations. 

9. Parks Committee – To receive the recommendations on Minute Number 11 of the Meeting of the Parks Committee held on the 18th January 2022.  (Appendix 4)

10. To consider the report of the Treasurer on the appended Budget for the Year ending 31st March 2023, including any expenditure service options.  (Appendix 5)

11. Arising from consideration of the foregoing Agenda items and to the report of the Treasurer, to recommend to the Meeting of the Council to be held on 8th February 2022 the level of the Council’s:-

  1. Budgeted expenditure for the year 2022-23, and
  2. Precept on the District Council for the year 2022-23.

12. Any other business in accordance with Standing Orders.