Agenda

(a) To approve as an accurate record and the Chairman to sign the minutes of the meeting of the Audit, Pensions and Standards Committee on 27^th September 2012.

(b) To note the outstanding actions.

If a Councillor has any prejudicial or personal interest in a particular item, they should declare the existence and nature of the interest at the commencement of the consideration of that item or as soon as it becomes apparent.

At meetings where members of the public are allowed to be in attendance and speak, any Councillor with a prejudicial interest may also make representations, give evidence or answer questions about the matter.  The Councillor must then withdraw immediately from the meeting before the matter is discussed and any vote taken, unless a dispensation has been obtained from the Standards Committee. 

Where Members of the public are not allowed to be in attendance, then the Councillor with a prejudicial interest should withdraw from the meeting whilst the matter is under consideration unless the disability has been removed by the Standards Committee.

This report prepared by P-Solve, provides details of the performance and the market value of the Council’s pension fund investments for the quarter ending 30^th September 2012. It is attached as Appendix 1.

This report prepared by P-Solve, considers the continued suitability of the existing Matching Fund structure.

This paper is a regulatory requirement in compliance with the CIPFA    Code of Practice on Treasury Management and set out cash balances, investments and borrowing as at the 30th September 2012. It reprises the information reported to Cabinet at its meeting on 10th December 2012. The Council has designated the Committee as the body responsible for the effective scrutiny of the Treasury Management Strategy and policies.

This report summarises progress on implementing recommendations arising from the Audit Commission 2011/12 Annual Governance Report and the action plans relating to the control weaknesses identified in the 2011/12 Annual Governance Statement and progress in implementing these action plans.

This report provides updated policy and procedures for H&F in respect of Anti-Money Laundering, for approval by the Committee.

This report details the counter fraud work undertaken during the first two quarters of the financial year to 30^th September 2012, by the Council’s Corporate Anti Fraud Service (CAFS).

This report informs the Committee on the overall arrangements for, and performance of, risk management across the Council.

This report summarises internal audit activity in respect of audit reports issued during the period 1 July to 30 September 2012 as well as reporting on the performance of the Internal Audit service.

The Committee is invited to resolve, under Section 100A (4) of the Local Government Act 1972, that the public and press be excluded from the meeting during the consideration of the following items of business, on the grounds that they contain the likely disclosure of exempt information, as defined in paragraphs 3 and 7 of Schedule 12A of the said Act, and that the public interest in maintaining the exemption currently outweighs the public interest in disclosing the information.