Issue - meetings
Update on York's First and Second LPSAs
Meeting: 27/06/2006 - Executive - for meetings from 03/06/00 to 26/04/11 (Item 28)
28 Update on York's First and Second LPSAs 
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This report provides an update on York’s first and second Local Public Service Agreements (LPSA1 and LPSA2) and asks the Executive to approve recommendations for distribution of the performance reward grant for LPSA2.
Additional documents:
Decision:
RESOLVED: That the contents of the report be noted and that the financial arrangements for LPSA2 PRG, as set out in paragraph 15 of the report, be approved.
REASON: To ensure that the Council can balance maximising its options on use of the PRG for corporate benefit with a fair and transparent allocation of money to successful services.
Minutes:
Members considered a report which provided an update on York’s first and second Local Public Service Agreements (LPSA 1 and LPSA2), together with recommendations for the distribution of the performance reward grant (PRG) for LPSA2.
LPSA1 had concluded on 31 December 2005, attracting up to £2,041,861 reward grant for the level of performance achieved. This represented up to 60% of the available grant. Full stretch had been achieved on 9 out of the 16 sub-targets. In relation to the national picture, York’s performance was average to above average. LPSA2 ran from April 2005 to December 2008, with a potential PRG of £3,935,025. Significant delays in receiving the signed agreement and Pump Priming Grant from government had increased the risks of not achieving the maximum PRG. Proposed financial arrangements were based on a set of principles outlined in paragraph 15 of the report; these required the Venture Fund (VF) to have first call on any PRG and the total VF borrowings for LPSA2 to be repaid in full.
Members commented on the format of the annexes to the report and suggested that these be provided in a larger font in future.
RESOLVED: That the contents of the report be noted and that the financial arrangements for LPSA2 PRG, as set out in paragraph 15 of the report, be approved.
REASON: To ensure that the Council can balance maximising its options on use of the PRG for corporate benefit with a fair and transparent allocation of money to successful services.