Agenda item

Report of the Chamberlain.

The Committee considered a Report of the Chamberlain concerning additional budgetary provisions.

RESOLVED – that the Committee approved the following:

·         Approve additional budgetary provisions of up to £21.818m to provide internal

loan funding (as detailed above) to be drawn from the general reserves of City

Fund and City’s Cash.

·         Agree that these loan facilities will be available from 2019/20 onwards, to be

drawn down as required over the life of the projects subject to other relevant

approvals.

·         Recommend approval of these budget increases by the Court of Common

Council.