Issue - items at meetings - Cash in Transit Contract

Report of the Executive Director for Finance & Resources (copy attached).

That the Policy & Resources Committee note the urgency action taken by the Executive Director Finance & Resources after consulting the Chair of the Policy & Resources Committee.

39.1    The Committee considered a report of the Executive Director for Finance & Resources in relation to the Cash in Transit Contract. Due to the early termination of the foregoing cash in transit and ancillary services contract it had been necessary to award a new contract for a term of two years with immediate effect to ensure business continuity and minimise the risk to cash and cheques collected across the Council and the subsequent impact on cash flow. The report set out urgency action taken by the Executive Director for Finance & Resources in accordance with Part 6.2 A 7(2) of the constitution.

39.2    The Chair noted that he had been fully briefed at the time, and was satisfied the Council had taken all appropriate steps to minimise risk.

39.3    Councillor A. Norman noted that the action of the Executive Director was entirely appropriate, but queried the increased cost of the new contract. In response the Executive Director explained that until recently the previous contractor had provided a good service; however, it was considered that the risk to the service outweighed the reduction in costs of the contract.

39.4    The Chair then put the recommendation to the vote.

39.5    RESOLVED: That the Committee note the urgency action taken by the Executive Director Finance & Resources after consulting the Chair of the Policy & Resources Committee.