Agenda item

Joint report of the Chamberlain, Assistant Town Clerk & Director of Major Projects, Director of Open Spaces, and Director of Community & Children’s Services.

Members received a joint report of the Chamberlain, Assistant Town Clerk & Director of Major Projects, Director of Open Spaces and Director of Community & Children’s Services relative to the outturn for the services overseen by the Committee in 2018/19. It was reported that the total net expenditure amounted to £30.286 million, compared to the total agreed budget of £26.751 million, representing an increase in net expenditure of £3.535 million. This increase was largely due to timing differences in cash flows for a capital grant paid to the Museum of London for preparatory costs of relocation to the Smithfield Market site.

RESOLVED, that – the report be received and its contents noted.