Agenda item

Report of the Chamberlain.

Members received a Report of the Chamberlain regarding the current balance of the Finance Committee Contingency Funds.

The Chairman noted that the wording in paragraph 2 had omitted an extra zero for the sum available under the City’s Cash Contingency Fund for national and international emergencies.

As this contingency fund had been exhausted in autumn 2017, Members agreed that a further £25,000 should be assigned as an additional exigency sum, available to be accessed by the Town Clerk (in consultation with the Chairman and Deputy Chairman under Delegated Authority) if another crisis occurs before the end of March 2018.

RESOLVED – that Members noted the report.