Issue - decisions

Members considered the Economic Development draft outturn figures for capital and revenue expenditure, together with the outturn performance against target for a number of key indicators for 2007/08.

The latest approved budget for Economic Development for the year was £2,359k. The provisional outturn expenditure was £2,343k a gross underspend of £-16 against the latest approved budget which represented a variation of –0.1% on the portfolio’s net budget.

Advice of the Advisory Panel

That the Executive Leader be advised to:

i)                    Note the Economic Development provisional performance and revenue and capital outturn for 2007/08.

ii)       Approve the carry forward of york.England.com budget as detailed in paragraph 14, subject to the approval of the Executive.

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.