Agenda item

Charter Trustees considered a report of the Treasurer that provided information on the 2013/14 revenue outturn compared with the original budget (for copy see file of minutes).

In response to a question from Councillor M Williams regarding the Mayors allowance, the Treasurer clarified that although the Mayor and Deputy Mayor had not accepted their allowances in 2013/14, it would not prevent the allowance being awarded in future years as the reserve could be utilised.

Councillor M Wilkes asked if the extra reserve money due to the underspend could be used to set up a fund for local people to utilise. Councillor Hopgood commented that the issue had been raised previously and the response was that the Charter Trustees were not an organisation therefore do not have the powers to fund local events or groups.

Resolved:

That the outturn position for the financial year ended 31 March 2014 be noted.