Agenda item

Report of the Chamberlain and the Director of Community and Children’s Services (copy attached).

The Committee considered a joint report of the Chamberlain and the Director of Community and Children’s Services submitting the revenue budgets overseen by the Committee and seeking approval to the provisional revenue budget for 2014/15, for subsequent submission to the Finance Committee.

The Chamberlain reported that, overall, the 2014/15 provisional revenue budget totalled £119,000, an increase of £6,000 compared with the final budget for 2013/14. He reported that this was due to an increase of £16,000 in the City Grant to Gresham College in accordance with the agreed funding arrangements between the City of London Corporation, the Mercers’ Company and Gresham College. This was partly offset by a reduction of £8,000 in the repairs and maintenance of the Almshouses reflecting the latest review of anticipated works.

In response to a Member’s query concerning the maintenance of the Almshouses, the Chamberlain reported that the details of a number of small variances relating to this reduction were appended to this report, and that a long term maintenance and repairs programme was regularly received at Community and Children’s Services Committee meetings.

RESOLVED – That the provisional 2014/15 revenue budget be submitted to the Finance Committee.