Agenda and minutes

Audit, Governance and Standards Committee - Wednesday 18 November 2020 6.30 pm

Venue: Online/Virtual: Contact virginia.wynn-jones@southwark.gov.uk to attend

Contact: Virginia Wynn-Jones Email: virginia.wynn-jones@southwark.gov.uk

Items
No.	Item
1.	Apologies for absence Share this item To receive any apologies for absence. Minutes: There were none.
2.	Confirmation of voting members Share this item A representative of each political group will confirm the voting members of the committee. Minutes: The members present were confirmed as the voting members.
3.	Notification of any items of business which the chair deems urgent Share this item In special circumstances, an item of business may be added to an agenda within five clear days of the meeting. Minutes: The chair accepted a verbal update from Grant Thornton on the FRC press release into local government audit as late and urgent. The item was noted.
4.	Disclosure of interests and dispensations Share this item Members to declare any personal interests and dispensation in respect of any item of business to be considered at this meeting. Minutes: Duncan Whitfield, the strategic director of finance and governance, presented a non-pecuniary interest in that he is a resident of Croydon, and the chair of Croydon Council’s independent finance committee.
5.	Minutes Share this item To approve as a correct record the minutes of the open section of the meeting held on 20 October 2020. Supporting documents: 201020 AGS minutes , item 5. PDF 96 KB Minutes: The minutes of the meeting of 20 October 2020 were agreed as a correct record.
6.	Redmond Review into the Oversight of Local Audit and the Transparency of Local Authority Financial Reporting Share this item Supporting documents: Report: Redmond review , item 6. PDF 114 KB Appendix 1: Redmond Review , item 6. PDF 1001 KB Minutes: Officers updated members on the Redmond Review. Members had questions of the officers. RESOLVED: That the committee noted the report.
7.	Internal audit and anti-fraud progress report November 2020 Share this item Supporting documents: Cover report: Internal audit , item 7. PDF 50 KB Appendix A: Internal Audit and Anti Fraud Progress Report , item 7. PDF 1 MB Minutes: Officers presented the report. Members had questions of the officers. RESOLVED: The committee noted the report.
8.	Covid-19 Pandemic: Update November 2020 Share this item Supporting documents: Report: Covid costs Nov , item 8. PDF 108 KB Appendix A: Covid costs November , item 8. PDF 85 KB Minutes: Officers presented the report. Members had questions of the officers. Officers undertook to bring back further details on the financial impact of the furlough scheme. RESOLVED: That the committee note the report.
9.	Capital and treasury management strategy 2021-22 Share this item Supporting documents: Report: Capital and Treasury Management Strategy 2020-21 , item 9. PDF 72 KB Appendix A - Capital Strategy 2020 , item 9. PDF 199 KB Appendix B - Treasury Management Strategy 2021-22 , item 9. PDF 166 KB Appendix C - Annual Investment Management Strategy 2021-22 , item 9. PDF 75 KB Appendix D - MRP Policy 2021-22 , item 9. PDF 74 KB Appendix E - 2021-2024 Prudential Indicators , item 9. PDF 101 KB Minutes: Officers presented the report. Members had questions of the officers. RESOLVED: That the committee note the report.
10.	Whistleblowing complaints and outcomes Share this item Supporting documents: Report: Whistleblowing , item 10. PDF 75 KB Minutes: Officers presented the report. Members had questions of the officers. RESOLVED: That the committee note the report.