Agenda item

Report of the Chamberlain.

The Committee considered a report of the Chamberlain which provided Members with information regarding the current balance of the Finance Committee Contingency Funds for the current year.

The Chamberlain explained that an amended version of Page 189 of the agenda pack had been put around the table at the meeting.

In response to a question from a Member, the Chamberlain confirmed that the proposed carry forward was only to fund commitments already made for future years in City’s Cash, and none of this carry forward would be used to fund City Fund activities.

RESOLVED – That the Committee agrees to carry forward £85,000 from the City’s Cash 2016/17 Central Contingency Fund to meet existing allocations which have been agreed in previous years, thereby providing a full year’s contingency for funding requirements that may arise during 2017/18.