The Head of Financial Services and Head of Business Improvementsubmitted a report to the City Executive Board on 16 June 2016 which provided an update on Finance, Risk and Performance as at the end of the financial year and included recommendations on budgetary provision.

The report, appendices, and Finance Panel report of 30 June are attached. The relevant Executive Board minute (18) is attached later in the agenda.

The Board Member will move the recommendation.

Recommendations

The City ExecutiveBoard recommends that Council establish budgetary provision in respect of the new bids show in paragraphs 7 and Appendix 4 of the officers’ report.

Council considered a report to the City Executive Board on 16 June 2016 which provided an update on Finance, Risk and Performance as at the end of the financial year and included recommendations on budgetary provision

Council resolved to establish budgetary provision in respect of the new bids show in paragraphs 7 and Appendix 4 of the officers’ report.