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Additional budgetary provisions - Capital Funding -Interim Revised Prioritisation and Project Funding

Report of the Chamberlain.

Minutes:

The Committee considered a Report of the Chamberlain concerning additional budgetary provisions.

 

RESOLVED – that the Committee approved the following:

 

·         Approve additional budgetary provisions of up to £21.818m to provide internal

loan funding (as detailed above) to be drawn from the general reserves of City

Fund and City’s Cash.

 

·         Agree that these loan facilities will be available from 2019/20 onwards, to be

drawn down as required over the life of the projects subject to other relevant

approvals.

 

·         Recommend approval of these budget increases by the Court of Common

Council.

 

Supporting documents:

 


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