Agenda item

Joint report of the Town Clerk and Chamberlain.

The Committee considered a joint report of the Town Clerk and the Chamberlain which proposed a set of design principles for the forthcoming fundamental review process.

It was noted that the Resource Allocation Sub-Committee had considered the paper in detail at its meeting earlier that day, with it agreed that authority should be delegated to the Town Clerk (in consultation with the Chairman and Deputy Chairman) to revise the principles in line with Members’ comments, subject to them being circulated to the full Sub-Committee for comment prior to sign-off. The Policy and Resources Committee subsequently also agreed to this approach. 

A Member spoke to note the substantial increases in the value of assets in respect of both City’s Cash and City Fund over the past twenty years, suggesting that the City Corporation should perhaps be less conservative in its willingness to draw-down from this enlarged asset base. However, it was noted that the additional income from this larger asset base was required to fund the greater cost and range of services now provided.

RESOLVED: That authority be delegated to the Town Clerk, in consultation with the Chairman and Deputy Chairman, to revise and agree the design principles for the fundamental review.