Issue - meetings

(Report of Interim Chief Financial Officer): to note the amendment under delegated authority to the financial arrangements for Leisure Service fitness suite equipment.

The Committee received a report for noting on changes made under delegated authority to the financing arrangements for the Leisure Service Fitness suite equipment contract which had been awarded by the Committee in February 2011. Subsequent to this, the Interim Chief Financial Officer had made the decision under his delegated powers to alter the financing arrangements to fund the procurement of the equipment through borrowing rather than a finance lease. This would proffer the Council greater flexibility when considering the options for the service going forward for a broadly comparable cost.  

RESOLVED

·      That the report be noted.