Agenda item

Joint report of the Chamberlain, Director of the Built Environment and Director of Culture, Heritage & Libraries.

The Committee considered a joint report of the Chamberlain, the Director of the Built Environment and the Director of Culture Heritage and Libraries seeking approval to the latest revenue budget for 2016/17 and the provisional revenue budget for 2017/18, for subsequent submission to the Finance Committee.

A Member noted that the repair and maintenance works for Blackfriars Bridge were now scheduled for 2017/18 and expressed concern at the delay, given that the Committee had previously been informed that the works had been scheduled for this year. The Chamberlain advised that the delay to the works was likely to be linked to the timings of the Thames Tideway Tunnel project, but undertook to confirm with the relevant technical officers and confirm with the Member following the meeting.

RESOLVED: That Members:-

·         note the latest 2016/17 revenue budget;

·         confirm that the provisional 2017/18 revenue budget reflects the Committee’s objectives and approve the budget for submission to the Finance Committee;

·         approve the draft capital budget;

·         approve the draft 50 year Bridges’ Repairs, Maintenance and Major Works Fund budgets and the consequent required contributions; and

·         authorise the Chamberlain to revise these budgets for changes to the Additional Works Programme and in respect of recharges.