The Interim Head of Finance explained that, by the end of the financial year, an overspend of £459,000 was forecasted for the revenue budget.  This was primarily due to a fall in income from Major Planning Applications and Parking Services.  With regards to the capital budget, the Bridges Gyratory Scheme was on course to be delivered by 2019/20, while the Mall Bus Station Redevelopment Scheme was expected to slip to 2020/21.  Therefore, a slippage of £1.336m was anticipated.  The Information and Corporate Policy Officer highlighted that all KPIs attributable to the SPI Committee had achieved the Quarter 1 target and outlined the status of open enforcement cases.

The Committee commented that parking provision could be considered as a 24-hour operation.  This approach had the potential to generate revenue during the day and then contribute to residential parking overnight.

In response to questions from the Committee, Officers said that:

·  The income from Parking Services was a known pressure.  This was to be taken into consideration during the annual financial planning exercise.

·  An assessment of enforcement cases was to be incorporated into the Quarter 2 Budget and Performance Monitoring Report.  This was to highlight whether the number of outstanding enforcement cases had increased or decreased compared to the previous quarter.

·  The income from Major Planning Applications was expected to increase in 2021/22, following the Local Plan Review.

·  Officers had identified a potential issue with the coding of income from planning applications.  This was to be investigated and the findings were to be included in the Quarter 2 monitoring report.

RESOLVED: That:

1.  The Revenue position at the end of the Quarter 1 and the actions being taken or proposed to improve the position, where significant variances have been identified, be noted.

2.  The Capital position at the end of Quarter 1 be noted.

3.  The Summary of Performance for Quarter 1 for Key Performance Indicators be noted.