The Executive Member for Finance and Governance and the Strategic Director of Finance, Governance and Support submitted a report, the purpose of which was to provide an update on the implementation of the Estates Strategy and on assets agreed for disposal in the financial year 2018/19 from April to November.
In accordance with the asset disposals policy, proposed disposals and other transactions with a value of over £150,000 were already considered and decided by the Committee. Proposals below that value were decided either by the Strategic Director of Finance, Governance and Support or the Head of Financial Planning and Support according to their value.
The Estates Strategy Board, chaired by the Chief Executive, met monthly and monitored progress on the implementation of the Estates Strategy. It also tracked progress on live asset disposals via the Consolidated Asset Disposal Control Sheet.
The report provided information relating to asset disposals and the implementation of the Estates Strategy.
The Committee thanked officers for their efforts in the removal of the VFM "except for" opinion.
Other potential decisions and why these had not been recommended
That Executive asks not be notified of decisions under appropriate delegations. This would lead to reduced transparency on asset disposals.
That asset disposals in the financial year 2017/18 and the success in the removal of the VFM "except for" opinion in 2017/18 be noted.
The decision was supported by the following reason:
The recommended decisions continued good governance around the Asset Disposal Process.