Agenda item

Joint report of the Chamberlain, and the Director of Community and Children’s Services.

The Committee received a joint report of the Chamberlain and the Director of Community and Children’s Services which presented the annual submission of the revenue budgets and sought approval for 2019/20.

In response to the Chamberlain’s comments on the funding proposal received from Gresham College, the Town Clerk advised this be considered during the non-public discussion. The Chamberlain advised that funding for the College ends in 2019 and the budget had been prepared to continue the current arrangement.

The Committee agreed to the budgets subject to the discussions which would take place later in the meeting and at the Joint Grand Gresham Committee regarding the funding for the College.

A Member commented on the information contained within the Gresham Committee Service Overview appendix, noting that the summary regarding Thomas Gresham’s will was inaccurate and should be revised. The Chamberlain agreed to review this further. A Member further commented that it would be useful to remind Members of the Finance Committee that funding within City’s Cash emanates from the Gresham Estate and Deputy Hoffman offered to lead this.

RESOLVED – That the Committee:

·         review the latest 2018/19 revenue budget to ensure that it reflects the Committee’s objectives and, approve the budget for submission to the Finance Committee; and

·         review the proposed 2019/20 revenue budget to ensure that it reflects the Committee’s objectives and, approve the budget for submission to the Finance Committee.