Agenda item

Report of the Chamberlain.

The Committee received a report of the Chamberlain providing an update on the operational finance position as @ period 9 (April - December) 2022/23 for the Natural Environment Divisions local risk revenue budget to date and projected year-end outturn position, current live capital projects and outstanding debt position.

In response to a query from a Member, the Committee was informed that there were plans to develop a tourist centre for the Monument on Pudding Lane and that this would generate income for the City Corporation. A Member suggested adding the Monument’s inaccessibility to the risk register as a financial risk.

Members agreed that the City Corporation should recover debts owed to it from utilities and leaseholders. An Officer confirmed that there was no movement of funds between charities.

Members agreed that the City Corporation should continue to explore implementing gift aid at its charities. Officers agreed to progress this and reassured the Committee that the April deadline would be met.

The Executive Director Environment agreed to explore the cost of the directorate’s agency staffing and to share the findings with the Committee.

RESOLVED – That the report be noted.