Issue - meetings

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

This matter was considered by the Finance, Innovation and Property Advisory Board on 12 January 2022.  Due to the timescales and print deadlines for Cabinet, any recommendations arising from the Advisory Board will be circulated to Members in advance of the meeting.  Alternatively, a verbal update will be provided at the meeting.

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

Consideration of recommendations to Cabinet from Finance, Innovation and Property Advisory Board of 12 January 2022 (FIP 22/9).

The Cabinet resolved that:

(1)             the progress made in renegotiating both the banking and merchant acquirer services contracts be noted and delegated authority be granted to the Director of Finance and Transformation, in liaison with the Cabinet Member for Finance, Innovation and Property, to finalise the negotiations;

(2)             the approach to be adopted in respect of the retendering of the Councils insurance arrangements be noted and endorsed and delegated authority be granted to the Director of Finance and Transformation, in liaison with the Cabinet Member for Finance, Innovation and Property, to award the contract to the successful tenderer following the outcome of the tender exercise; and

(3)             the current situation regarding renewal of the cash collection contract and securing alternative cash payment facilities be noted.

Decision Notice: D220012CAB

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

Consideration was given to the recommendations of the Finance, Innovation and Property Advisory Board of 12 January 2022 (FIP 22/9).

RESOLVED: That

(1)             the progress made in renegotiating both the banking and merchant acquirer services contracts be noted and delegated authority be granted to the Director of Finance and Transformation, in liaison with the Cabinet Member for Finance, Innovation and Property, to finalise the negotiations;

(2)             the approach to be adopted in respect of the retendering of the Council’s insurance arrangements be noted and endorsed and delegated authority be granted to the Director of Finance and Transformation, in liaison with the Cabinet Member for Finance, Innovation and Property, to award the contract to the successful tenderer following the outcome of the tender exercise; and

(3)             the current situation regarding renewal of the cash collection contract and securing alternative cash payment facilities be noted.

This report details the approach taken in progressing new Banking, Merchant Acquirer Services, Insurance and Cash Collection contracts.  It also provides an update on alternative cash payment facilities.

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

The report of the Director of Finance and Transformation detailed the approach taken in progressing new Banking Merchant Acquirer Services, Insurance and Cash Collection contracts.  It also provided an update on alternative cash payment facilities.

RECOMMENDED:  That

(1)             the progress made in renegotiating both the banking and merchant acquirer services contracts be noted and delegated authority be granted to the Director of Finance and Transformation, in liaison with the Cabinet Member for Finance, Innovation and Property, to finalise the negotiations;

(2)             the approach to be adopted in respect of the retendering of the Council’s insurance arrangements be noted and endorsed and delegated authority be granted to the Director of Finance and Transformation, in liaison with the Cabinet Member for Finance, Innovation and Property, to award the contract to the successful tenderer following the outcome of the tender exercise; and

(3)             the current situation regarding renewal of the cash collection contract and securing alternative cash payment facilities be noted.

*Referred to Cabinet