Issue - meetings

2007/08 City Strategy Finance and Performance report - Monitor 2

Meeting: 10/12/2007 - Executive Members for City Strategy and Advisory Panel (Item 63)

63 2007/08 City Strategy Finance and Performance Monitor Two Report PDF 88 KB

This report presents the latest projections for revenue expenditure and capital expenditure for the City Strategy portfolio, and performance against target for a number of key indicators that are made up of Best Value Performance Indicators owned by City Strategy, Customer First targets (letter answering) and Staff Management Targets (sickness absence).

Additional documents:

Decision:

Advice of the Advisory Panel

That the Executive Member be advised to :

a) Note the financial and performance position of the portfolio;

b) Recommend to the Executive to release a contingency sum of £200k to support pressure on Concessionary Fares budget;

c) Approve the virement of £198k within Engineering Consultancy income and expenditure as detailed in paragraph 20 of the report.

Decision of the Executive Member

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

REASON : In accordance with budgetary and performance monitoring procedures.

Minutes:

Members considered a report which presented two sets of data from the City Strategy directorate. These were the latest projections for revenue expenditure and capital expenditure for City Strategy portfolio, and monitor 2 (2007/08) performance against target for a number of key indicators that were made up of Best Value Performance Indicators owned by City Strategy, Customer First targets and staff management targets.

The report provided a management summary of the financial and performance overview. Members discussed the increase in sales of Respark, the shortfall in parking income, concessionary fares, improvements in sickness figures, repairing of streetlighting and Millennium Bridge lighting, and the city wide retail study.