Issue - meetings

This report seeks advice from Members regarding the most appropriate way to allocate the residual £7,100 City Strategy voluntary sector grants budget for the 2008/09 financial year.

RESOLVED: That Option C be approved and that the full sum of £7,100 be awarded to the York Credit Union.

REASON:      In view of the need to support those most affected by the current economic situation and the ‘credit crunch’ at this particular time.

Members considered a report which sought their advice on the most appropriate way of allocating the residual £7,100 City Strategy voluntary sector grants budget for the 2008/09 financial year.

Four new funding applications had been submitted for the current year, of which one had since been withdrawn, leaving the following to be considered:

• York Older People’s Assembly – requesting £10k for part time administrative support;
• Older Citizens Advocacy York (OCAY) – requesting £10k to ensure continuation of their service at the current level;
• York Credit Union – requesting £25k to help eradicate its deficits from the previous and current years.

Members were asked to consider the following options:

Option A – share the sum proportionately between the three applicants;

Option B – support none of the applications but carry the sum forward into the 2009/10 financial year;

Option C – award the full sum to a single applicant.

Option A was recommended, on the basis that it would be a fair and equitable method of partially supporting all three groups within the limited resources available.

Having considered the advantages and disadvantages of each application and noted the advice of the Shadow Executive on this item, it was

RESOLVED: That Option C be approved and that the full sum of £7,100 be awarded to the York Credit Union.¹

REASON:      In view of the need to support those most affected by the current economic situation and the ‘credit crunch’ at this particular time.