Decision details

Purpose of Report: To present details of the overall finance and performance position.

Members will be asked to note the report.

Resolved:

                         i.         Noted the finance and performance information;

                        ii.         Noted that management actions have already been

implemented to exercise budget management but that further controls are now needed;

                      iii.         Noted that there will be a negative impact on the Council’s medium term financial position should the proposed mitigations not be delivered;

                      iv.         Noted that further work and savings will be needed to fully mitigate the forecast overspend;

                       v.         Noted that further work will be undertaken to explore the potential for generating income through provision of some non-statutory services such as green waste collection.

                      vi.         Approved officers to take the actions needed to manage the financial position as outlined in paragraphs 14 and 15 of the report.

                    vii.         Approved increase in car parking charges by 10p per hour as set out in paragraphs 81 and 82 of the report to be implemented as soon as practicably possible. The Corporate Director of Place will liaise with the Executive Member for Economy & Transport to determine the exact date.

                   viii.         Approved a further extension to March 2025 for the letter of credit to York Museums Trust as outlined in paragraphs 26 to 28 of the report.

                      ix.         Noted the potential requirement for match funding in respect of the YMT grant bid as set out in paragraph 29 of the report.

                       x.         Confirmed that the officer decision around ward funding allocations is implemented as planned (see paragraphs 30 to 31 of the report).

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