Report of the Director of Resources
The Director of Resources submitted a report informing Committee of the process followed for the disposal of assets and how such receipts are used.
The report detailed the Council’s responsibilities under its Financial Regulations which form part of the Council’s Constitution. The Regulations supported and protected Members and staff in the performance of their duties where financial issues were involved and provided guidance to ensure that assets were disposed of in accordance with the Regulations.
The recommended method of disposal depended on the estimated value of the asset and in the case of vehicles their current roadworthiness.