Agenda item

Report of The Chamberlain, the Director of the Built Environment and the Director of Open Spaces

Members received a report detailing the annual submission of the revenue and capital budgets overseen by the Committee, and seeking approval to the latest revenue budget for 2017/18 and provisional revenue budget for 2018/19, for subsequent submission to the Finance Committee.  Details of the Committee’s draft capital budget were also provided.

In response to a question concerning improvement works at Blackfriars Bridge, something which the previous Chairman had undertaken to do, Members were advised that this would be incorporated into the parapet repairs which were due to commence in January/February 2018 and a Gateway report would come to the Committee then.

RESOLVED - to

1)            Note the latest 2017/18 revenue budget;

2)            Review the provisional 2018/19 revenue budget to ensure that it reflects the Committee’s objectives and, if so, approve the budget for submission to the Finance Committee;

3)            Review and approve the draft capital budget;

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

5)            Note the Building Repairs and Maintenance asset verification exercise being undertaken by the City Surveyor and agree that any minor changes for 2017/18 latest and 2018/19 original budgets arising from this exercise be delegated to the Chamberlain; and

6)            Authorise the Chamberlain to revise these budgets for changes to the Building Repairs and Maintenance assets, and in respect of recharges.