MINUTES

A Meeting of the Finance Committee of Brampton Parish Council was held

Tue 7 Nov 2006 at 7.30pm in Brampton Memorial Centre, Thrapston Road, Brampton

Present:	M Shellens, Chairman, J Childs, S Jordan, Mrs J King, Mrs M Wigley J Innes-Clarke, Clerk
1	To Receive Apologies
	KW, EC, NM
2	To Receive and Approve Minutes of the meeting 10 Oct 2006
Proposal:	Approve – 1^st MW, 2^nd JK		Carried
3	Matters Arising
3.1	3.2 - audited accounts for Brampton Community Project with MS
3.2	3.4 – PC agreed additional work re: meeting room Community Centre – work complete
4	To Approve Oct Payments & Note Receipts
4.1	Oct revenue receipts total: £1,993. Notable receipts: £63,755 – 2^nd half precept		Noted
4.2	Oct capital receipts: £213 – Interest from Bank of Ireland		Noted
4.3	All payments are reported net of VAT Oct revenue payments total £11,760. Notable payments: £280 – planter, High Street £1,029 – qtr 2 cutting CCC verges £770 – annual external audit fees £95 – glazing repairs Community Centre £88 – replacement quick drop goal sockets £38 – yearly hosting charges, website
Proposal:	Approve Oct payments – 1^st JK, 2^nd JC		Carried
5	Income and Expenditure to 31 Oct 06
5.1	Total Revenue Income: £145,948 – more than expected, includes 2^nd half precept
5.2	Total Revenue Expenditure: £73,203
5.3	4010 – Insurance - £7,450, includes 2-mth apportioned accrual
5.4	4022 – Gas – shows an accrual as still awaiting a bill for MC
5.5	4023 – Electricity - £2,110 – is high – meter readings to be taken for MC
5.6	4030 – Maintenance - £9,104 – over budget due to C & C work to footpaths & replace manhole cover & frame allotments
5.7	4044 – Accountancy & Audit fees – accrued year on year – more fees to come
	Overall report		Noted
6	Bank Balances
6.1	Business Current Account as at 6 Nov 06:	£11,763
6.2	Business Deposit Account as at 6 Nov 06:	£130,204
6.3	Bank of Ireland as at 6 Nov 06:	£62,234
	Total bank balances	£204,201
6.4	Investment as at 3 Nov 06:	£74,500
	Overall total	£278,701	Noted
7	Investment
7.1	Current valuation: as 6.4 above
7.2	Outstanding instruction to sell £35k – action tomorrow		JIC
8	To Consider the Internal Control Procedures and Financial Regulations
	Deferred to next meeting		Defer
9	Grant Requests
	CARESCO – Sawtry & District Care Organisation – decline – does not cover Brampton		Decline
10	To Consider the draft Precept 2007/08
10.1	C & C – increased by £1k – work on stones following topple testing
10.2	Benches & shelters – up by £250 re: grant application lighting Obelisk, 25% match funding required if successful
10.3	G & F – extension to footpath, Thrapston Road north – to come from capital if successful
10.4	VF – CC up £1500 for blinds
10.5	VF – MC - up £500 CCTV maintenance
10.6	VF – PF – up £500 improvements to ex mound area
10.7	Income from Sk8 Pk hire – check if this is confirmed with Hinchingbrooke School		JIC, PD
10.8	Add separate heading for grounds fuel		JIC
10.9	Allotments – add an amount to make plot 1A available for parking – more detailed proposal to PC next Wed		JB, MF
	____________________
	Chairman, M Shellens