8
There was submitted a report by the Director of Finance & Resources relative to the estimated funding available for disbursal during 2021/22 from the Paisley and Renfrew Common Good Funds.
The report indicated that income from both Common Good Funds was used to fund ongoing projects and commitments made previously by this Board and its predecessors. In addition, an annual allocation was to be made to the relevant Local Partnerships with delegated authority to disburse grants to local organisations that had applied for grant aid and/or to use the funding to support appropriate projects. A forecast income and expenditure statement for both Common Good Funds, including the cost of recurring projects, was attached to the report.
DECIDED:
(a) That the 2021/22 budget allocations to Local Partnerships be approved as follows:
Renfrew Common Good – Renfrew Local Partnership - £67,360
Paisley Common Good – Paisley East Local Partnership - £11,100
Paisley Common Good - Paisley North West & Central Local Partnership - £9,750
Paisley Common Good – Gleniffer Local Partnership - £9,150;
(b) That the continued funding of recurring projects, as outlined in Appendix 1 to the report, be approved; and
(c) That it be noted that a letter confirming the award of £50,000 from Paisley Common Good Fund to Thomas Coats Preservation Trust was issued in August 2020 and payment would be released when the Trust signed and returned the conditions of grant paperwork.