Agenda item

Report of the Chamberlain and the Director of Community and Children’s Services.

Members considered a report of the Chamberlain and the Director of Community and Children’s Services on Revenue Budgets 2017/18. The Chamberlain noted that there was a £275k uplift consisting of increased funding for new City academies. The Chairman added that consideration was being given – out with the revenue budgets for 2017/18, for further monies being made available to the City of London Academies Trust to allow the Trust to build up a reserve.

RESOLVED, that

·         The revenue budgets 2017/18 be submitted to the Finance Committee;

·         The Chamberlain be authorised to revise those budgets to allow for further implications arising from any specific allocation of funding for academies and Central Support Services.