Issue - meetings

This report presents the latest projections for revenue and capital expenditure by Economic Development and Partnerships together with performance against targets for Best Value performance indicators, Customer First and staff management targets.

Advice of the Advisory Panel

That the Executive Leader be advised to note the financial and performance position of the Economic Development and Partnerships portfolio. ^1.

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.

Consideration was given to a report which presented the latest projections for revenue and capital expenditure by Economic Development and Partnerships together with performance against target for best value performance indicators, customer first and staff management targets.

It was reported that the current approved budget was £2,361k which included £15k carried forward from 2007/08, £15k revenue support for the Eco Business Centre and £32k to support the Westfield Deprivation initiatives, less £13k rent adjustment. Current projections were that the service would outturn on budget.

The key variances were a shortfall on Newgate market tolls together with savings in the city centre, the Strategic Partnership team and generally across the service.

Members questioned the possibility of York Training Centre teaming up with Future Prospects and what were the medium and long term plans for the Markets, referred to in paragraph 21 of the report.

Advice of the Advisory Panel

That the Executive Leader be advised to note the financial and performance position of the Economic Development and Partnerships portfolio.

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.