Agenda and minutes

To approve as correct the minutes of the meeting held on 28 April 2021 and authorise the Chairman to sign them.

The minutes of the previous meeting held on 28^th April 2021 were agreed as a correct record and signed by the Chairman.

Report and appendices attached

The Committee was presented with the assurance progress report during the period from 1^st April to 30^th June 2021.

Members noted that 3 permanent positions had been filed in the Counter Fraud Service team. Members noted that 9 housing referrals had been made and 1 property had been recovered and the payroll report was being drafted. Members were made aware that fixed term staff would be fully trained and experienced and Havering do not compare their statistics to other London Boroughs.

The Committee noted the report.

Report attached

The Committee was presented with an update on the most recent changes made to procurement.

Members noted that new governance had been initiated following a new gateway review group and new contract procedure rules had been drafted. A new intranet page had also been created to provide staff with guidance on the changes. Members noted the procurement team had reduced its interim staff from 5 members to 1 and the contracts register had been updated and was live. It was explained to the Committee that there was a ‘No PO No Pay’ policy in place and Members were assured that suppliers were notified of this.

Committee members requested for a further report on the oracle fusion software to be brought back to the Committee and a future meeting.

The Committee noted the report.

Report and appendices attached

The Committee was presented with the Annual Treasury Management report for the 2020/21 financial year.

Members noted the investment income exceed the budget by £0.5million and the interest payable outturn was £8.304million compared to the budget of £12.695million. The Committee noted the internal cash figure was wring and should read £188million not £109million and the capital borrowing increase under point 4.2 should be £19million not £28million. It was explained to Members that the HRA and cash reserves were used and that would need to be repaid and the reserves were replenished with long-term borrowing.

The Committee noted the report and the performance against the targets for the 2020/21 financial year.

Report attached

The Committee noted and agreed the 2020/21 Annual report.