Decision details

Establishment of Financial Sustainability Committee

Decision Maker: Council

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: No

Decisions:

Councillor G Williamson submitted a report proposing the membership and terms of reference for a new Financial Sustainability Committee.  He said the Council had set up a Financial Sustainability Group, which at its March meeting, was established as a Board, and that the Council had agreed a capital sum of £3m to invest in commercial income-generating activity. As the Board was effectively a Committee of the Council, the approval of the Council was now sought to constitute this Board as a politically balanced Committee and to provide for the capital sum to be allocated to it.  He referred to the earlier approval of a change in political groups, and noted the membership of the new Committee would include a Member of either the Labour or the Green Groups. 

 

Councillor G Williamson moved, and Councillor D Andrews seconded, a motion that the recommendations as detailed in the report submitted be approved. 

 

After being put to the meeting and a vote taken, the motion was declared CARRIED.

 

RESOLVED – that (A) a Financial Sustainability Committee be established as a committee of the Council with ten Members to reflect the Council’s political proportionality according to the political balance regulations;

 

(B) the proposed terms of reference for the Committee as set out in the report at Essential Reference Paper C be approved;

 

(C) the Head of Legal and Democratic Services be authorised to amend the Constitution to incorporate the Financial Sustainability Committee; and

 

(D) that authority to allocate resources for financial sustainability from the budget approved for this purpose by Council at its meeting of 5 March 2019 be delegated to the Financial Sustainability Committee.

 

Report author: Head of Strategic Finance and Property

Publication date: 24/07/2019

Date of decision: 24/07/2019

Decided at meeting: 24/07/2019 - Council

Accompanying Documents: