Agenda item

Report of the Town Clerk and Chamberlain.

Members considered a report of the Town Clerk and Chamberlain regarding The City Bridge Trust’s proposed revenue budgets in 2016/17 and 2017/18.

RESOLVED, that Members

·         Approve the revised 2016/17 revenue budget (which includes an additional £49,000 over the local risk resource base, to support Strategic Initiatives recently approved by members of the City Bridge Trust Committee) for submission to Finance Committee;

·         Approve the provisional 2017/18 revenue budget (which includes an additional £193,000 over the local risk resource base) for submission to the Finance Committee;

·         Approve a proposal for an uplift to the 2017/18 budget of £193,000 noted within this paper. Members are requested to note that these figures are derived from an initial review of operational expenditure which took place following the appointment of the Head of Charity & Social Investment Finance, alongside inclusion of support costs for recently approved Strategic Initiatives; and

·         Authorise the Chamberlain to revise these budgets to allow for any necessary realignment of funds resulting from corporate projects.