Issue - meetings
Financial Update & Performance Monitoring Report
Meeting: 08/11/2023 - Planning, Infrastructure and Economic Development Policy Advisory Committee (Item 80)
80 Financial Update & Performance Monitoring Report PDF 174 KB
Additional documents:
- Appendix 1 - Financial Update, item 80 PDF 238 KB View as HTML (80/2) 44 KB
- Appendix 2 - Performance Report, item 80 PDF 248 KB View as HTML (80/3) 68 KB
- Appendix 3 - Recovery & Renewal Update, item 80 PDF 104 KB View as HTML (80/4) 16 KB
- Appendix 4 - UKSPF Update, item 80 PDF 146 KB View as HTML (80/5) 32 KB
Minutes:
The Cabinet Member for Planning, Infrastructure and Economic Development introduced the report and advised that:
·
There was an overspend of £108,000 and the end
of year overspend was expected to be £92,000 relating to the
Committee’s remit. The overspend was mainly due to less
planning applications, particularly major, being submitted reducing
the planning fee income generated. It was noted that this would
likely change in the next municipal year should the next iteration
of the Local Plan be adopted; and
· Overall, the Key Performance Indicators (KPIs) were being met. The ‘Town Centre Footfall’ (TCF) KPI had achieved significantly less than targeted. The Council did not own the town centre, which contributed to the creation of the Town Centre Strategy, with the role of the area in supporting the economic growth, increasing visitor numbers and providing employment opportunities.
In response to questions, the Cabinet Member advised that he was working with the Information and Analytics Manager on improving the KPIs measurement used for TCF. Further details could be provided in future reports on the processing of planning applications.
The Information and Analytics Manager stated that around half of
the open enforcement cases had been opened in the last nine months,
with further information available online. The link would be
circulated to the Committee outside of the meeting.
During
the discussion, several Committee Members expressed that there was
a range of factors affecting town centre footfall, in addition to
those highlighted in the report. These included the departure of
businesses that were not then replaced, resident safety and
security and the difference in perception of the town centre as a
place to visit between the rural and urban areas of the borough.
The Cabinet Member acknowledged the points raised.
RESOLVED: That the following be noted
1.
The Revenue position as at the end of Quarter 2 for
2023/24, including the actions being taken or proposed to improve
the position, where significant variances have been
identified;
2.
The Capital position at the end of Quarter 2 for
2023/24;
3.
The Performance position as at Quarter 2 for
2023/24, including the actions being taken or proposed to improve
the position, where significant issues have been
identified;
4.
The Recovery & Renewal Update, attached at
Appendix 3; and
5. The UK Shared Prosperity Fund update, attached at Appendix 4.