PAPER A
MINUTES OF RYDE TOWN COUNCIL’S FINANCE & COMMUNITY RESOURCES
COMMITTEE HELD ON
TUESDAY 18 MAY 2021 at 7PM AT GARFIELD ROAD METHODIST CHURCH
Present:
Cllr Phil Jordan (Chair), Cllr Charles Chapman, Cllr Simon Cooke,
Cllr Jess Higgins, Cllr John McLagen, Cllr Jo Park, Cllr Malcolm
Ross, Cllr Cllr Michael Lilley, Cllr Jenna Sabine.
In Attendance:
Gareth Hughes (RFO), Lisa Dyer (Town Clerk) Tonia Voller
(Administration Assistant).
PUBLIC QUESTION TIME
There were no public questions.
22/21 APOLOGIES
None received. Cllr Phil Jordan had advised he would be late.
23/21 ELECTION OF VICE CHAIR
RESOLVED:
Cllr John McLagen was elected.
24/21 DECLARATIONS OF INTEREST
None declared.
25/21 REQUESTS FOR DISPENSATIONS
None received.
26/21 MINUTES OF LAST MEETING
RESOLVED:
The minutes to the previous meeting held on 9 March 2021 were agreed.
27/21 TERMS OF REFERENCE
The Finance and Community Resources Committee Terms of Reference were
noted.
28/21
MEMBERS QUESTIONS
Cllr Ross asked a question whether the budget for Coronation Gardens was being
taken from reserves or this current years Public Realm budget. The RFO confirmed
that it is this years budget.
29/21
2021/2022 BUDGET AND RESERVES
The report was noted.
30/21
BANK RECONCILIATION
The report was noted.
31/21
OPENING OF BANK ACCOUNTS
The report was noted.
32/21
AWARD OF PUBLIC WORKING LOAN BOARD (PWLB) LOAN FOR ST
THOMAS CHURCH AND VECTIS HALL
St Thomas Church £286,000 fixed rate for 30 years.
Vectis Hall £125,000 fixed for 30 years.
Vectis Hall funds are yet to be drawn down.
33/21
MEDIUM AND LONG-TERM FINANCIAL STRATEGY - WORKING PARTY
RESOLVED:
Cllrs John McLagen, Charles Chapman, Phil Jordan and Simon Cooke were
appointed to the working party.
34/21
REPORT OF THE RESPONSIBLE FINANCE OFFICER (RFO).
The RFO gave a verbal report where he highlighted upcoming issues that would
be coming to a future agenda.
• Appley Tower, possible request for £40,000 next year.
• Ryde Leisure £10,000 for deckchairs and £50,000 for paddleboards.
• The need for leasing a Van ASAP to enable Ryde Leisure to transport
equipment.
35/21
DATE OF NEXT MEETING
RESOLVED:
THAT the next meeting of the Finance and Community Resources Committee
will be held on Tuesday, 13 July 2021 at 7pm, subject to approval at Annual
Council on 17 May 2021.
MEETING CLOSED AT 19:52HRS
