Decision details

(Decision Notice D250081CAB)

(Reasons: Part 2 – Private – LGA 1972 Sch 12A Paragraph 3 – Financial or business affairs of any particular person).

The report of the Director of Finance and Transformation set out details of the proposed review of the Council’s Banking and Merchant Acquirer Services which were due to expire at the end of March 2026. 

Cabinet had due regard to the financial and value for money considerations, the assessed risks and legal implications.

On the grounds of ensuring continuity of service, Cllr Boughton proposed, seconded by Cllr Coffin and Cabinet

RESOLVED: That

(1)        ‘Focus on Banking’ be engaged to conduct a review of the current arrangements and provide recommendations for the renewal of the services from April 2026;

(2)        the cost of £4,000 for the review be funded from the Budget Stabilisation Reserve; and

(3)        the Head of Finance (designate) and the Cabinet Member for Finance, Waste and Technical Services be given delegated authority to proceed with the recommendations for the renewal of services from April 2026.