Agenda item

Report of the Chief Grants Officer.

NB: This report is also due to be considered by the Finance Committee.

The Committee considered a report of the Chief Grants Officer concerning the City Corporation’s Benefits in Kind (BIK) policy.

Reference was made to the level of bureaucracy associated with the proposal and to whether a policy was necessary. The Committee was advised that the BIK policy existed already, however, it was in need of further work. The revised policy addressed those inadequacies and was intended to avoid excessive bureaucracy.

RESOLVED – That the revised BIK definition and the proposed BIK policy to guide decisions approving BIK be adopted with effect from 1^st April 2018.