Minutes of the Finance Committee meeting held on Monday 30 October 2000 in Milton Community Centre at 7.00pm Present: RT Summerfield (chair) PK Oldham RLE Waters The clerk 1 Apologies for absence JE Coston RJ Farrington HM Smith 494/00 2 Minutes of the meeting of 24 July 2000 were confirmed and signed as a true record. 3 Matter arising 495/00 Audit - a letter from the auditor Robson Rhodes explained the (358/00) reasoning behind their recommendations. It was agreed to accept the recommendations. The clerk and RTS would put them into practice at the end of the financial year. 496/00 4 Bank Reconciliation and Bank Statements The chairman reconciled the bank statements as at 31/09/00. 497/00 5 Review of Debtors Debtors at 31/09/00 - VAT recoverable £4446.83 - Allotment rent £11.25 - Cemetery Fee £40 - since received. 498/00 6 Review of Budget and Year to Date Actuals The budget figures and year to date actuals were reviewed. Expenditure - Suggested that the capital expenditure be itemised separately in future as this was not included in the preparation of the budget. - Two items were queried: - £1120 - recreation grounds - £115 - play areas The clerk to check these and report back. 7 Any Other Business 499/00 MCC Grant - Committee recommended that, upon receipt of the grant from Wren towards the teenage play equipment, Council should increase the MCC grant by £10,000 and thus pay the play equipment bills through the MCC grant. 500/00 Accounts Software - the clerk had ordered an accounts package "Impact", aimed specifically at Parish Councils, for a two weeks trial period. Cost of purchase £195. Software for allotments, cemetery and planning were also available. 501/00 Investments - it was agreed to transfer £60,000 from the Fixed Deposit to Lloyds bank in readiness for purchase of land and youth provision [building costs and play equipment]. Balance of £40,000 to be invested in the money market. 502/00 Bus Shelter - RLEW had met with Ringways who had agreed to lay the tarmac and erect the shelter. Agreed that RLEW and the clerk arrange for Queensbury to fit with new polycarbonate - cost to be met by Council. [Min 465/00 Highways refers].