Agenda item

Report of the Town Clerk (copy attached).

Sir Michael Snyder withdrew from the meeting whilst the following item was considered.

The Committee considered a report of the Town Clerk concerning the future funding arrangements of the City of London Reserve Forces’ and Cadets’ Association.

The Chairman reminded Members that in the current economic climate the City Corporation had reduced funding across the board. Therefore whilst he was supportive of the City Corporation continuing to support the Association it should not be increased. Members supported his suggestion.

RESOLVED: That:-

1.    the City Corporation continues to fund the City of London Reserve Forces’ and Cadets’ Association for the next three years at a cost of £42,000 (plus the proceeds of the “Trophy Tax” of £4,666 per annum) to be met from the Committee’s City’s Cash Contingency; and

2.    in advance of any future further funding proposals, the Remembrancer, Private Secretary, Chamberlain and the Town Clerk give further consideration to future sources of funding for the Association and report to the Committee and any other relevant Committee.