Agenda item

To receive a joint report of The Chamberlain and The Town Clerk.

The Committee considered the annual submission of the revenue budgets overseen by the City Bridge Trust Committee that sought approval for the proposed 2014/15 budget for subsequent submission to the Finance Committee.

The Chamberlain noted that the decrease of £6.526m in budgeted net expenditure for 2014/15 was mainly due to the removal of two one-off grant programmes provided in 2013/14, one towards young people Not in Employment, Education or Training (£3.2m) and the other for the expansion of City Carers Open House (£280,000), and the removal of a one-off budget carry forward of £2.966m from 2012/13 to 2013/14.

Resolved – That,

a)    the provisional 2014/15 budget be approved for submission to the Finance Committee; and

b)    the Chamberlain be authorised to revise the budget to allow for any necessary realignment of funds resulting from corporate projects.