Agenda item

Report of the Chamberlain.

The Committee considered a report of the Chamberlain which provided Members with information regarding the current balance of the Finance Committee Contingency Funds for the current year.

On the general theme of the Corporation’s contingencies, the Chairman was of the view that in the absence of any evidence that contingencies have ever been exhausted, there would be no need to increase them. Overspends, in contrast to unforeseeable events, were separate, and should be considered on a case-by-case basis.

RESOLVED – That the Committee notes the report.