Agenda item

Joint report of the Chamberlain and Chief Grants Officer.

The Committee considered a joint report of the Chamberlain and Chief Grants Officer regarding the proposed budget for 2016/17.

Overall, the budgeted net expenditure for 2016/17 was estimated to be £21.406m, an increase of £458,000 compared with the budget for 2015/16. Members noted the main reasons for this net increase, which were detailed in the report, and agreed that it was vital that any expanded role for the City Bridge Trust team, as a result of the wider Grants Review, would not diminish officer support for City Bridge Trust grant-giving, and should be funded from outside Bridge House Estates monies.

RESOLVED – that:

(a)  the provisional 2016/17 revenue budget be approved for submission to the Finance Committee; and

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