Issue - meetings
2008/09 City Strategy Finance & Performance Monitor 2
Meeting: 08/12/2008 - Executive Members for City Strategy and Advisory Panel (Item 63)
63 2008/09 City Strategy Finance and Performance Monitor 2 
PDF 84 KB
This report presents two sets of data from the City Strategy Directorate:
- Latest projections for revenue expenditure and capital expenditure for the portfolio and
- Monitor 2 (2008/09) performance against target for a number of key indicators.
Additional documents:
- City Strategy Annex 1, item 63
PDF 32 KB
- City Strategy Monitor 2 Annex 2, item 63
PDF 22 KB
- City Strategy M2 Annex 3 CDT 2008-09, item 63
PDF 50 KB
- City Strategy M2 Annex 4 PS 2008-09, item 63
PDF 37 KB
- City Strategy M2 Annex 5 RBM 2008-09, item 63
PDF 34 KB
Decision:
Advice of the Advisory Panel
That the Executive Member for City Strategy be advised to:
(i) Note the financial and performance position of the portfolio; 1.
(ii) Recommend the Executive to agree to the capital element of the additional Housing and Planning Delivery Grant (£135k) to fund structural maintenance currently charged to revenue. 2.
Decision of the Executive Member for City Strategy
RESOLVED:That the advice of the Advisory Panel be accepted and endorsed.
REASON: In accordance with budgetary and performance monitoring procedures.
Minutes:
Consideration was given to a report which presented the latest projections for revenue and capital expenditure for the City Strategy portfolio together with Monitor 2 performance 2008/09 against target for a number of key indicators.
It was reported that, following releases from contingency and budget transfers since Monitor 1, there was a current budget of £17,611k. Current projections were that the City Strategy Directorate would overspend by £+208k which represented 0.6% of the gross expenditure. It was confirmed that this was made up of key identified overspends totalling £+994k which was offset by identified savings totalling £-786k. The primary reasons for the level of overspend was the downturn in parking and planning income resulting from the economic climate and additional costs incurred in defending planning appeals and inquiries.
In order to bring the budget into balance it was recommended that the capital element of the Housing and Planning Delivery Grant £135k was used to fund an element of structural highway maintenance currently funded by revenue. If this was agreed the projected overspend would reduce to £73k.
Advice of the Advisory Panel
That the Executive Member for City Strategy be advised to:
(i) Note the financial and performance position of the portfolio;.
(ii) Recommend the Executive to agree to the capital element of the additional Housing and Planning Delivery Grant (£135k) to fund structural maintenance currently charged to revenue. 1.
Decision of the Executive Member for City Strategy
RESOLVED:That the advice of the Advisory Panel be accepted and endorsed.
REASON: In accordance with budgetary and performance monitoring procedures.