Minute of meeting of 26 November 2025
Perth and Kinross Council · 4 February 2026
Back to Finance and Resources Committee — 4 February 2026 and its agenda
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DRAFT Finance and Resources Committee Minute of hybrid meeting of the Finance and Resources Committee held in the Council Chamber, 2 Hight Street, Perth on Wednesday 26 November 2025 at 1.30pm. Present: Councillors S Donaldson and E Drysdale, Provost X McDade, Bailie C McLaren, Councillors K Allan, P Barrett, D Cuthbert, E Drysdale, J Duff, A Forbes (substituting for Bailie C Ahern), D Illingworth, I Massie, T McEwan, J Rebbeck, C Shiers, C Stewart and R Watters (substituting for Depute Provost A Parrott). In Attendance: T Glen, Chief Executive; C Mailer, Dute Chief Executive; S Walker, Strategic Lead - Finance and Business Support; A O’Brien, S Coyle, C France, J Jennings and C Robertson (Finance and Business Support), J Beveridge, Strategic Lead – Property Services; N Lennon (Property Services); S Merone, Strategic Lead – Economy, Development and Planning D Macluskey, Strategic Lead – Education and Learning; E Ritchie, Strategic Lead - Housing and Communities; K Campbell, A Clegg, D Stokoe, H Hope, J McColl and K Steven (Housing and Communities) D Davidson and P Leonard (Environment and Infrastructure), L Brady, K Fraser, N Sutherland and P Taylor (Customer and Digital Services); C Guild, Strategic Lead – Projects and Programmes; S Hendry, K Molley, A Brown and M Pasternak (all Legal and Governance). Apologies: Bailie C Ahern and Depute Provost A Parrott Councillor S Donaldson, Convener, Presiding. The Convener Led on items 1-5 and 7-9. The Vice-Convener led on item 6. 1. Welcome and Apologies The Convener welcomed all those present to the meeting and apologies were noted as above. 2. Declarations of Interest There were no declarations made in terms of the Councillors’ Code of Conduct. 3. Minute of Meeting of the Finance and Resources Committee of 1 October 2025 The minute of meeting of the Finance and Resources Committee of 1 October 2025 was submitted and approved as a correct record. 4. Outstanding Business Statement Resolved: The status of action in the Outstanding Business Statement (25/325) be noted and completed actions removed accordingly.
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DRAFT 5. Appointments to Committee Resolved: The Committee agreed to appoint Councillor Ian Massie to the vacant position on the Executive Sub-Committee of the Finance and Resources Committee. 6. 2025/26 Revenue Budget - Update No. 2 There was submitted a report by the Chief Finance Officer (25/326) providing an update on progress with the 2025/26 General Fund Revenue Budget based upon the August 2025 ledger, updated for any subsequent known material movements, and the projected financial position of the Housing Revenue Account. Resolved: (i) The contents of Report 25/326, be noted. (ii) The projected outturn for the General Fund, as set out in Section 4 of Report 25/326 and Appendices 1 and 2, be noted. (iii) The adjustments to the 2025/26 General Fund budgets, as detailed in Section 5 of Report 25/326 and Appendices 1, 2, 4, 5, 6 and 7, be approved. (iv) The financial risks, as set out in Section 6 of Report 25/326 and Appendix 8, be noted. 7. Composite Capital Budget 2025/31 and Housing Investment Programme 2025/30 – Monitoring Report No.2 There was submitted a report by the Chief Finance Officer (25/327) (1) providing a summary position to date for the 6-year Composite Capital Budget for 2025/26 to 2030/31 and the 5-year Housing Investment Programme for 2025/26 to 2029/30; and (2) seeking approval for adjustments to the programmes. Resolved: (i) The contents of Report 25/327, be noted. (ii) The proposed adjustments to the six-year Composite Capital Budget 2025/26 to 2030/31, as set out in Sections 4 and 5 of Report 25/327 and summarised in Appendices I and II, be approved. (iii) The proposed adjustments to the Housing Investment Programme Budget 2025/26 to 2029/30, as set out in Section 6 of Report 25/327 and summarised in Appendix III, be approved. (iv) Progress with the delivery of major Capital projects, as summarised in Appendix IV to Report 25/327, be noted. (There followed a 10-minute recess and the Committee reconvened at 3.15pm) (The Committee agreed to vary the order of business) 8. Missing Shares Service – Update on Progress and Next Steps There was submitted a report by the Principal Officer – Environmental Health (25/323) (1) providing an update on the progress made through the Missing Shares Service; and (2) seeking support to continue using the second homes budget to underwrite the value of predicted missing shares.
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DRAFT Resolved: (i) The ongoing use of the second homes budget to underwrite the expected future Missing Shares until the applications approved within the pilot period are concluded, be approved. (ii) An increase to the current maximum per share from £10,000 to £30,000, with Strategic Lead approval beyond this amount, be approved. (iii) The proposal to make the Missing Shares officer post permanent, be approved. (vi) The continued success of the pilot, and the increasing service demand, be acknowledged. (v) The existing, effective financial mechanisms in place to secure missing share recovery, be recognised. 9. Treasury Activity and Compliance Report 2025/26 – 6 months to 30 September 2025 There was submitted a report by the Chief Finance Officer (25/328) (1) updating on Treasury Activity for the period 1 April to 30 September 2025; and (2) reporting on compliance with the Council’s Treasury Management Policy Statement (TMPs), Investment Strategy and Prudential Indicators. Resolved: The contents of Report 25/326, be noted.