Issue - meetings

This report presents the latest projections for revenue and capital expenditure by Economic Development, as well as performance against target for:

·        National Performance Indicators

·        Customer First targets (letter and telephone answering)

·        Staff Management targets (sickness absence & appraisals completed)

The Executive Member is asked to approve the financial and performance position of the portfolio.

Members considered the latest projections for revenue and capital expenditure by Economic Development, as well as performance against target for;

• National Performance Indicators
• Customer First Targets (letter and telephone answering)
• Staff Management targets (sickness absence and appraisals completed).

The Panel were reminded that the Best Value Performance Indicators (BVPIs) had now been superseded by a new indicator, the National Performance Indicators (NPIs) of which Economic Development now had 14, the majority of which were annual.

The current approved budget was £2,345k, including £15k which had been carried forward from 2007/08 and a further £20k to reduce the market income expectation. Current projections showed that the Economic Development outturn would be £2,368k, and overspend of £+23k.

Advice of the Advisory Panel

That the Executive Leader be advised to approve the financial and performance position of the Economic Development portfolio.

 Decision of the Executive Member for Leader

RESOLVED:That the advice of the Advisory Panel be accepted and endorsed.

REASON:            In accordance with budgetary and performance monitoring procedures.

Members considered the latest projections for revenue and capital expenditure by Economic Development, as well as performance against target for;

• National Performance Indicators
• Customer First Targets (letter and telephone answering)
• Staff Management targets (sickness absence and appraisals completed).

The Panel were reminded that the Best Value Performance Indicators (BVPIs) had now been superseded by a new indicator, the National Performance Indicators (NPIs) of which Economic Development now had 14, the majority of which were annual.

The current approved budget was £2,345k, including £15k which had been carried forward from 2007/08 and a further £20k to reduce the market income expectation. Current projections showed that the Economic Development outturn would be £2,368k, an overspend of £+23k.

Members referred to the reference, in paragraph 24 of the report, that only 15 businesses had committed to moving into the York Eco Business Centre from early September (25% of the buildings capacity). Officers confirmed that marketing was being undertaken and that the business plan for the Centre showed occupancy rates for Years 1/2 which they were confident could be met.

Advice of the Advisory Panel

That the Executive Leader be advised to approve the financial and performance position of the Economic Development portfolio.

 Decision of the Executive Leader

RESOLVED:That the advice of the Advisory Panel be accepted and endorsed.

REASON:            In accordance with budgetary and performance monitoring procedures.