Agenda for this meeting

Present: Cllr. Mrs. F M Butt (Chairman), Cllr. J P Rich (Vice-chairman)

Cllrs. Mrs. M A Button, J W Goring and Mrs. E V Latchem.

Also in attendance: Cllr. Mrs. R M Rich and the Internal Auditor.

An apology was received from Cllr. Mrs. K M Thomas.

There were no comments or questions.

1. Minutes of a Finance Committee meeting held on 13th December 2004

These minutes, which had been previously circulated were taken as read, agreed a true record and signed by the Chairman. There were no matters arising.

2. To receive the Accounts Summary, Cash Flow Statement and Bank reconciliation as at 31^st December 2004

It was agreed that, for the 9^th month in the financial year, the cash flow and spending were on course. It was noticed that the Lighting Committee was still holding a large balance but the Clerk reported that since the statement he had received three bills (totalling £3,577) for the new light and quarter charges for both power and maintenance. The Clerk reported that, since the PC lights had been removed from Frederick and Albert Avenues, a reduction of over £70 a quarter in maintenance costs has been agreed with SEC. A similar reduction in power bills will be achieved when SEC sends their new inventory to SWEB.

3. Funding Council's Democratic Services

Progress was made at the last meeting but as several estimates were not to hand a final decision was left to this meeting. A sum was now available from the previous Personnel meeting for staff costs and the 50^th birthday stones have been priced. All heads were again reviewed and eventually agreed as laid out in the Excel estimate statement (enclosed).

4. Precept 2005/2006

The Chairman thanked the Clerk and all Spending Committee Chairmen for their diligent work over the past couple of months.

Meeting closed at 9.15 p.m.

Signed ……………………………………Chairman Date …………………………