Agenda item

To receive the report of The Chamberlain, Deputy Town Clerk, Executive Director of Innovation & Growth, Interim Executive Director Environment, and Executive Director of Community and Children’s Services.

The Committee received the report comparing the revenue outturn for the services overseen by the Committee in 2023-24 with the final budget for the year, and detailing the carry forward requests yet to be approved.

The Committee noted the five services covered by the report:

i)               Deputy Town Clerk – London Metropolitan Archives, Guildhall Library & CHL Central Management;

ii)              Executive Director of Innovation & Growth – Destination City;

iii)             Executive Director of Children’s & Community Services – Barbican and Artizan Street Libraries;

iv)             Interim Executive Director of Environment - Monument & Keats House; and

v)              City Surveyors - Lower Thames Street, Mayoralty & Shrievalty.

The Committee noted that the overall total net expenditure during the year was £21.441m whereas the budget was £21.219m, representing an overspend of £0.222m (these figures being the correct figures as amended from the original summary on the report submitted and in line with the figures set out on the remainder of the document). 

Noting that the Committee approved at the meeting of 29 January 2024 the Departmental Budget Estimates for 2024/25, Members asked that a report be produced setting out the resources allocated to each individual asset (see action point) for which the Committee is responsible alongside a cultural asset map, and agreed that a separate budget-setting session (during autumn 2024) would be beneficial to be attended by, ideally, relevant Members of these Committees: Resource Allocation Sub-Committee, Policy & Resources, Finance.