Finance, Assets, Investment and Recovery
Committee
The committee shall
consider all matters of policy and strategic importance to the
Council including matters referred to it by other Committees and/or
Chief Officers.
The function within the remit of the Finance, Assets, Investment and
Recovery Committee include all
financial matters relating to the budget, (and for avoidance of
doubt, being the superior Committee on all such matters including
capital, revenue and the Housing Revenue Account (HRA) except where
the law otherwise requires), and without prejudice to the
generality of this, include the specific functions which are set
out below.
Policy
Generally to review and oversee
the co-ordination and governance of all functions of the
Council. To undertake and discharge any
functions in relation to strategic policies including periodic
reviews of the policy framework adopted by full Council from time
to time except where required by law to be undertaken
elsewhere.
Finance
1)
Financial Services
2)
Contracts, commissioning, procurement
3)
Legal services
4)
Health and safety at work (in so far as it relates to the Council
as an employer)
5)
Corporate communications and media protocols
6)
Corporate and Democratic services
7)
Human Resources
8)
Information Communication Technology
9)
Revenues and Benefits
10)
Customer Services
11)
Assets (strategically)
2. Overall responsibility for monitoring
Council performance.
3. To formulate and develop relevant
corporate policy documents and strategies including the Corporate
Plan.
4. To formulate the budget proposals in
accordance with the Budget and Policy Framework, including capital
and revenue spending, and the Housing Revenue Account Business Plan
(including rent setting for Council homes), in accordance with the
Council’s priorities and make recommendations to Council for
approval.
5. To formulate the Council’s
Borrowing and Investment Strategy and make recommendations to
Council for approval.
6. To
take decisions on spending within the annual budget to ensure
delivery of the Council’s priorities.
7. To approve the write off of any
outstanding debt owed to the Council above the delegated limit of
£5,000.
8. To
determine capital grant applications.
9. To make recommendations on the
allocation and use of resources to achieve the council’s
priorities.
10. To
manage and monitor the Council approved budgets and allocation of
resources.
11. To
provide the lead on partnership working including the joint
delivery of services.
12. To
consider any staffing matters that are not delegated to Officers,
such as proposals that are not contained within existing budgetary
provision.
13. To
strategically manage any lands or property of the council and
provide strategic property advice relating to the council’s
Housing Stock and without prejudice to the generality of this, to
specifically undertake the following-
The Council’s Asset
Management Plan
(a) The acquisition and disposal of
land and property and taking of leases, licenses, dedications and
easements.
(b) The granting variation renewal
review management and termination of leases, licenses, dedications
and easements.
(c)
Promoting the
use of Council owned assets by the local community and other
interested parties.
(d)
To manage any lands
or property of the Council;
(e) To include properties within the
council’s Asset Management Portfolio including Halls
etc.
(f) To take a strategic approach to
asset management, ensuring that the use of all of the
Council’s Property assets achieves Value for Money and
supports the achievement of the Council’s corporate
priorities.
(g)
To review the
corporate Asset Management Plan annually.
(h) The acquisition of land in
advance of requirements for the benefit, improvement or development
of the Borough.
(i) Disposal of land surplus to the
requirements of a council function.
(j) Appropriation of land surplus for the
requirements of another Council function.
(k) Promote the use of Council owned
assets by the local community and other interested parties where
appropriate.
(l) Property and asset management,
including acquisitions and disposals not included in the approved
Asset Management Plan.
(m) To
receive updates reports on the Asset Development Programme and the
work of the Asset Development Programme and Project
Board.
(n) To take a strategic approach to
commercial activity, both existing and new, ensuring the Council
realises revenue generation opportunities and supports the
achievement of the Council’s corporate priorities.
(o) To agree and monitor the
governance arrangements for any commercial and/or partnership
arrangement with the Council.
(p)
Promoting a culture of entrepreneurialism and
building the required skills and capacity.
(q) To consider and approve business
cases and commercial business plans for commercial
activity.
14. To
consider and propose matters concerning the promotion of economic
development throughout the Borough and the interface with
countryside or regional economic development
initiatives.
Economic Development
(a) To lead, consider and propose
matters concerning the promotion of economic development throughout
the Borough and the interface with countrywide or regional economic
development initiatives.
(b) To promote and encourage
enterprise and investment in the Borough in order to maintain and
sustain the economic wellbeing and regeneration of the
area.
(c) To develop climate where
businesses and individuals can innovate, compete and contribute to
the economic development and regeneration of the area; and
excellence in local business.
(d) To encourage the growth of
existing businesses in the borough and access to the skills and
training necessary to support them.
(e)
To develop and
deliver a Borough wide initiative on apprenticeships.
(f) To consider and determine
matters relating to the promotion, maintenance and enhancement of
the vitality and viability of shopping centres within the
Borough.
(g) To consult with the Chamber of
Commerce, Federation of Small Businesses, residents and other
interested third parties.
(h)
To maintain a
special interest in promoting employment in the Borough.
(i) To promote and encourage tourism and
heritage.
(j) Parking (off street parking provision in Council
owned/leased off-street parking places).
(k)
Any matters relating
to Crossrail.
15. To
consider a report from the Monitoring Officer at the beginning of
the Municipal Year, for the Committee to appoint the membership of
the Constitution Working Group, in order for the Monitoring Officer
to consult with such Members on the regular review of the
Constitution documentation in accordance with Article 12 of the
Constitution during the year.
16. To review and
facilitate the transformation of delivery of services.
Transformation
(a)
To approve and
facilitate the transformation of delivery of services.
Projects
(a)
To identify, monitor
and oversee the implementation of those Corporate Projects that
have been agreed by the committee to be major.
Scrutiny
(a) To advise the Audit &
Scrutiny Committee of any matters that require scrutiny in
accordance with the Audit and Scrutiny Procedure Rules.
(b) To receive requests and
determine on matters that require scrutiny from any Committee in
accordance with the Audit and Scrutiny Procedure Rules.
17. To
consider any requests for sponsorship and use of the
Council’s Coats of Arms and logos.