Report on the sub-committees of the Finance and Resources Committee.

Report: 04
Date: 11 February 2010
By: Chief Executive

Summary

This report contains a summary of the business considered by the sub committees of the Finance and Resources Committee.

A. Recommendations

That members note the report

B. Supporting information

1. This report covers the following meetings:

• Estate Panel – 21 January 2010
• Resources and Productivity Sub-Committee – 1 February 2010

Estate Panel – 21 January 2010

2 Amongst the business considered was the annual report on the disposals of surplus properties in the coming financial year and the proposals for the transfer of front office counters in Harrow. The panel supported the proposals in these reports, which are included on the agenda for today’s meeting. The next meeting of the Panel is on 11 February immediately following the meeting of the Finance and Resources Committee. Amongst the items to be considered is the the estate framework which is also due to be considered at the March meeting of the Finance and Resources Committee.

Resources and Productivity Sub-Committee – 1 February 2010

Treasury Management quarterly report

3 The report on Treasury Management activity for the period 1 October to 31 December 2009 was presented. The average cash balances invested during the quarter were £184 million which is £13 million lower than the previous quarter. This is due to lower cash balances in the previous quarter. The rate of return has in fact increased marginally by 0.3% compared to the previous quarter.

Requests of contract action and update on the control of single tender actions

4. A report was considered which set out a summary of requests for contract action received by Procurement Services in the period. 1 October to 31 December 2009 with a focus on requests for Single Tender Action. The Sub-Committee will continue to receive quarterly reports. Members also requested a report which provided comparisons on an annual basis.

5. Copies of non exempt reports and minutes from the Authority and its committees can be viewed on the MPA website at www.mpa.gov.uk, 

C. Race and equality impact

There are no race and diversity impact issues directly arising from this report. Race and diversity impact is a standing item on reports submitted to committees and sub committees.

D. Financial implications

There are no financial implications directly arising from this report although there could be financial implications arising from items discussed by sub committees.

E. Background papers

None

F. Contact details

Report author(s): John Crompton, MPA

For more information contact:

MPA general: 020 7202 0202
Media enquiries: 020 7202 0217/18

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