Minutes of the meeting of Walford Parish Council Finance Committee on Wednesday 2 December 2020

Held online – Wednesday 2nd December 2020 7:30pm

Present:
Councillors: Chinn (Chair), Akers, Cole, Van Lienden, Drummond
In attendance: D Berry (Clerk)

1. Apologies for absence: – None

2. Declarations of interest and written requests for dispensation: –
2.1 councillor Chinn item 6.1 personal expenses – pecuniary

3. Adoption of Minutes of previous meeting: – resolved to adopt the minutes of the meeting held on 4th November 2020 as a true and accurate record and to be signed by the Chair once physical meetings are resumed.

4. Public participation session: – none

5. Financial information: –
5.1 Resolved to accept he income & expenditure statement for the period to end November 2020
5.2 Resolved to approve the bank statements and reconciliation for October 2020, councillor Akers will sign once physical meetings are resumed
5.3 Resolved to consider a further review of investment opportunities for funds in six months

6. Payments: –
6.1 Resolved to approve the payments as per Appendix 3 however, the consultants’ invoice was approved for payment by a majority of three to two
6.2 Resolved to ratify the payments on Appendix 3
6.3 Resolved to approve the clerk & WCSS co-ordinator overtime for November 2020

7. Budget 2020/21: –
7.1 The Draft budget was discussed, the Clerk will present a further iteration at the next meeting

8. Bank signatories: – Resolved the nominated signatories will be councillors Chinn, van Lienden, Drummond, Akers – subject to confirmation by Council

9. Items for next meeting agenda: –
9.1 Draft budget
9.2 New banking arrangements
9.3 Review of receipts/payments vs accrual accounting
9.4 Review of financial regulations
9.5 Smart water project
9.6 Risk management schedule update

10. Next meeting: – Wednesday 6th January 2021 at 6.30pm – venue and style of meeting to be confirmed
The meeting closed at 20:26

Finance Minutes 2.12.20

Appendix 1 I&E to end Nov 2020

Appendix 3 proposed payments 2.12.20

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