Archived decisions

35

Euro IT costs

No significant IT costs will be incurred if the euro is adopted, as new

financial and related business systems have been introduced

that will be fully euro-compliant.

36

Post Balance sheet events

As at 26 June 2008, when the accounts were reported by the County Treasurer to the

Governance Committee for approval, there were no material post balance sheet

events that require disclosure.

37

Discretionary expenditure

The County Council used to rely on Section 137 of the Local Government

Act 1972 for the power to incur expenditure of up to £1.90 per head of population

on activities or projects "in the interests of the area or some of its inhabitants" which

are not specifically authorised in other powers. Most of this power was repealed

and replaced with a "well-being" power in the Local Government Act 2000 with effect

from 18 October 2000. Section 137 remains as a power only for contributions to

charities and not-for-profit bodies.

In 2007/08 spending under section 137 amounted to £88,293 or 7p per head

(£170,306 or13p per head in 2006/07).

Most was spent on grants to voluntary organisations which could not be made

under any other statutory power.

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