Agenda item

Report of the Chamberlain.

The Committee received a Report of the Chamberlain concerning Q3 Budget Monitoring.

In response to a query, the Chamberlain confirmed that all departmental underspends would be ringfenced; should these sums not be required by the department, they will be, in effect, clawed back by the centre to replenish City Fund reserves. The Chamberlain’s department will make the judgement on how any underspends are allocated.

RESOLVED – that the Committee noted the Report.