Issue - meetings

Pennines Township Funds Review

Meeting: 12/06/2019 - Pennines Township Committee (Item 7)

7 Pennines Township Funds Review pdf icon PDF 100 KB

To approve Pennines Township’s Funds, terms and conditions, and to agree delegation arrangements concerning funding decisions in 2019/20

Additional documents:

Minutes:

The Township Committee considered a report which presented a review of the Township revenue and capital expenditure during 2018/19 and provided options for the allocation of funds for 2019/20.

 

Members were also requested to consider the Pennines Township Funds terms and conditions and to agree delegation arrangements concerning funding decisions.

 

Alternatives Considered:

The Committee could decide whether or not to approve the allocation of funds to funding streams and adopt the terms and conditions.

 

Resolved:

1.    That the expenditure, commitments and balances for Pennines Township revenue and capital funds at financial year end 2018/19 be noted.

2.    That the findings of the review of Township Funds 2018/19 and evaluations received to date for some of the projects funded be noted.

3.    That the allocation of Pennines Township Funds to funding streams in 2019/20 be approved.

4.    That the terms and conditions for Pennines Township revenue and capital funds for 2019/20, be approved;

5.    That the delegation arrangements for Pennines Township Funds 2019/20 as detailed in the report be approved;

6.    The Committee agrees that any uncommitted/unspent funds be reallocated to a central revenue or capital funding stream as appropriate before the end of January 2020, to enable members to spend/commit all Pennines Township Funds during the 2019/2020 financial year.

 

Reasons for the Decisions:

Management of the Pennines Township Fund is delegated to the Pennines Delegated and Funding Sub-Committee. Pennines Township Funds were allocated to projects that benefit the Township’s community and environment, and which realised the Township’s priorities.

Eligible for Call-in: Yes