Agenda item

To receive a report from the Director of Finance setting out the projected financial position and the latest performance information for the period covering 1 April 2025 to 30 September 2025.

Resolved (unanimously):

That Executive

a)   Notes the finance and performance information.

b)   Notes and supports the need to undertake mitigation action identified within the report.

Reason: To ensure expenditure is kept within the approved budget.

c)    Approves the extension to 31 December 2027 for the letter of credit to York Museums Trust as outlined in paragraphs 34-36 of the report.

Reason: To secure the financial viability and confidence in the Yorkshire Museum Trust.

d)   Approves the second annual Council Plan Progress report for publication on the Council’s webpages.

Reason:To provide a review of activity undertaken by the Council that supports ambitions to make York a more equal, affordable, sustainable and healthy city.

In relation to acceptance of the funding from the York & North Yorkshire Combined Authority:

i)              Accepts funding from the York and North Yorkshire Combined Authority, delegating authority to the Director for City Development to progress the below, in consultation with the Executive Member for the Economy and Culture, or the Executive Member for Climate Change and the Environment:

a)   £2,390,000 from the Mayoral Investment Fund

b)   £604,893 from the UK Shared Prosperity Fund

c)    £3,066,209 from the Net Zero Fund.

The below is delegated to Chief Strategy Officer as below £250k

d)   £216,000 from the Mayoral Renewables Fund.

ii)             Accepts funding from the York and North Yorkshire Combined Authority, delegating authority to the Director of Housing and Communities in consultation with the Executive Member for Economy and Culture and Executive Member for Children, Young People and Education, for:

a)   £120,000 from the Mayoral Investment Fund.

iii)           Accepts funding from the York and North Yorkshire Combined Authority, delegating authority to the Director of Environment and Regulatory Services in consultation with the Executive Member for Transport for:

a)   £4,423,000 for Local Highways Maintenance Funding.

iv)           Accepts funding from the York and North Yorkshire Combined Authority, delegating authority to the Director of City Development in consultation with the Executive Member for Transport for:

a)   £7,456,000 from the Local Transport Grant

b)   £1,582,000 from the Integrated Transport Block

c)    £190,000 from the Local Transport Resource Fund

d)   £4,836,416 from the Department for Transport Bus Grant.

Reason: To secure funding to progress programmes of work related to each funding stream to enable activity that will support a more prosperous, affordable, accessible and equal city.

The Director of Finance submitted a report which presented the projected financial position and the latest performance information for the period covering 1 April 2025 to 30 September 2025.

The following information was appended to the report:

-       Quarter Two Performance Tables - City Outcomes and Council Delivery Indicators 2023-2027

-       Council Plan Annual Update 2025.

Debbie Mitchell, Director of Finance was in attendance for this item.

The key areas of discussion were:

·      The Director of Finance reported that there had been a worsening of the forecast overspend which was now just over £6m and the main area for that overspend was adult social care. The service had prioritised development of an action plan that sought to mitigate those pressures. Across the council, cost control measures and mitigations were to be established to manage identified pressures.

·      In response to a query, the Executive Member advised that cycling data had been removed from the performance monitor whilst officers assessed exactly what the cycling index measured.  At the same time officers were working on identifying more effective ways of monitoring how much people in the city walk, wheel and cycle. This aimed to give a more accurate picture of sustainable travel rather than focussing on how many people cycled past a particular point.

Resolved (unanimously):

That Executive

a)   Notes the finance and performance information.

b)   Notes and supports the need to undertake mitigation action identified within the report.

Reason: To ensure expenditure is kept within the approved budget.

c)    Approves the extension to 31 December 2027 for the letter of credit to York Museums Trust as outlined in paragraphs 34-36 of the report.

Reason: To secure the financial viability and confidence in the Yorkshire Museum Trust.

d)   Approves the second annual Council Plan Progress report for publication on the Council’s webpages.

Reason:To provide a review of activity undertaken by the Council that supports ambitions to make York a more equal, affordable, sustainable and healthy city.

In relation to acceptance of the funding from the York & North Yorkshire Combined Authority:

i)              Accepts funding from the York and North Yorkshire Combined Authority, delegating authority to the Director for City Development to progress the below, in consultation with the Executive Member for the Economy and Culture, or the Executive Member for Climate Change and the Environment:

a)   £2,390,000 from the Mayoral Investment Fund

b)   £604,893 from the UK Shared Prosperity Fund

c)    £3,066,209 from the Net Zero Fund.

The below is delegated to Chief Strategy Officer as below £250k

d)   £216,000 from the Mayoral Renewables Fund.

ii)             Accepts funding from the York and North Yorkshire Combined Authority, delegating authority to the Director of Housing and Communities in consultation with the Executive Member for Economy and Culture and Executive Member for Children, Young People and Education, for:

a)   £120,000 from the Mayoral Investment Fund.

iii)           Accepts funding from the York and North Yorkshire Combined Authority, delegating authority to the Director of Environment and Regulatory Services in consultation with the Executive Member for Transport for:

a)   £4,423,000 for Local Highways Maintenance Funding.

iv)           Accepts funding from the York and North Yorkshire Combined Authority, delegating authority to the Director of City Development in consultation with the Executive Member for Transport for:

a)   £7,456,000 from the Local Transport Grant

b)   £1,582,000 from the Integrated Transport Block

c)    £190,000 from the Local Transport Resource Fund

d)   £4,836,416 from the Department for Transport Bus Grant.

Reason: To secure funding to progress programmes of work related to each funding stream to enable activity that will support a more prosperous, affordable, accessible and equal city.