The Senior Finance Business Partner introduced the report of the Director of Neighbourhood Services which set out the e financial monitoring information for the Environment, Climate Emergency and Transport Committee as at quarter 3 (1 Oct – 31 Dec) of 2022-23. The report provided Members with an overview of budget performance, including progress on the delivery of the 2022-23 saving programme and a summary of reserves to enable the Committee to take ownership of the budgets and provide robust challenge and scrutiny to Officers on the performance of those budgets.

At the end of Quarter 3, there was a forecast adverse position of £2.928m on the Committees net revenue budget, of £63.782m. This position was based on activity to date, projected trends in income and expenditure and potential mitigation to offset areas of adverse variance. Income generation had not yet returned to pre pandemic levels in Quarter 3 due to footfall and usage in some areas which remained less than it was in 2019/20. There had been some improvement since Quarter 2 due to new pricing structures, and slight increase in footfall now that most areas were fully operational but there was a risk of further impact in Quarter 4.

Resolved – That

(1)  the forecast revenue position presented at Quarter 3 be noted.

(2)  the progress on delivery of the 2022-23 savings programme at Quarter 3 be noted.

(3)  the forecast level of reserves at Quarter 3 be noted.

(4)  The forecast capital position presented at Quarter 3 be noted.