Agrees Balance in Treasurer’s current account as at 31 March 2018 to carry forward Balance of account as at 31/03/18 Statement No 4 £5474.20 Includes Allotment deposits £520.00 + Allotment available £836.02 = £1356.02 P3 £668.25 General £3449.93* *Projected carryover in Nov 2017 was £3815 (difference £365 accounted for by additional grass cutting, sand and web hosting payments) Grants received this FY Precept . CTDG £6325.00 PROW £600.00 TAP grant for drainage works £503.80 VAT Reclaimed payment up to 1st April 2017 credited July 2017 £354.74 To be reclaimed April 2017-Mar 2018 £363.48 b) Reading Room Trust Account No 7502761 Balance in the Deposit account (made up totally from RR Fund interest and dividends) as per Statement no 12 £381.45 Value of COIF share investment 31 March 2018 £603.79 c) Internal Cllr Ellis gave this report:- these are checked before each meeting and the bank reconciliation noted Monthly Accounts – Audit 2017 we decreased assets by 15% but the Auditor responded commercial concepts of – ‘the depreciation and revaluation are not appropriate for local councils’ Online Banking This was set up December 2017 and the Council’s Financial Regulations – accordingly amended in February 2018. TAP funds Change coming in 2018/19 with a reversal to the original concept of parishes working – together. However grants over last 3 years for flood prevention and resilience use allowed us to ‘Stand alone’: 2015/16 £485 2016/17 £503.80 2017/18 £513.70 It has been seemingly difficult to the grants by deadlines (funds carried over both years) and to identify appropriate projects. 7 OFFICERS’ REPORTS: a) Musbury Playing - No report b) Musbury Village Hall Cllr Perryman reported the issue of the insurance claim continued to have ramifications . It is possible that the floor will have to be taken up or the hall closed for sports. The matter is in the hands of solicitors. He said that the small Committee does its best for the hall and the village but there is a
Agrees Balance in Treasurer’s current account as at 31 March 2018 to carry forward Balance of account as at 31/03/18 Statement No 4 £5474.20 Includes Allotment deposits £520.00 + Allotment available £836.02 = £1356.02 P3 £668.25 General £3449.93* *Projected carryover in Nov 2017 was £3815 (difference £365 accounted for by additional grass cutting, sand and web hosting payments) Grants received this FY Precept . CTDG £6325.00 PROW £600.00 TAP grant for drainage works £503.80 VAT Reclaimed payment up to 1st April 2017 credited July 2017 £354.74 To be reclaimed April 2017-Mar 2018 £363.48 b) Reading Room Trust Account No 7502761 Balance in the Deposit account (made up totally from RR Fund interest and dividends) as per Statement no 12 £381.45 Value of COIF share investment 31 March 2018 £603.79 c) Internal Cllr Ellis gave this report:- Monthly Accounts – these are checked before each meeting and the bank reconciliation noted Audit 2017 – we decreased assets by 15% but the Auditor responded ‘the commercial concepts of depreciation and revaluation are not appropriate for local councils’ Online Banking – This was set up December 2017 and the Council’s Financial Regulations accordingly amended in February 2018. TAP funds – Change coming in 2018/19 with a reversal to the original concept of parishes working together. However grants over last 3 years for flood prevention and resilience use allowed us to ‘Stand alone’: 2015/16 £485 2016/17 £503.80 2017/18 £513.70 It has been seemingly difficult to the grants by deadlines (funds carried over both years) and to identify appropriate projects. 7 OFFICERS’ REPORTS: a) Musbury Playing - No report b) Musbury Village Hall Cllr Perryman reported the issue of the insurance claim continued to have ramifications . It is possible that the floor will have to be taken up or the hall closed for sports. The matter is in the hands of solicitors. He said that the small Committee does its best for the hall and the village but there is a
MPC-Minutes-APM2018.docx