The Director of Regeneration and Place introduced his report which set out the financial monitoring information for the Economy Regeneration and Housing Committee as at year end (31^st March 2023) of 2022-2023. The report provided Members with an overview of budget performance, including progress on the delivery of the 2022-2023 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.

Members queried the Councils commitment to active travel, raising an example of funding having to be returned. The Director of Regeneration and Place noted that the scheme in question was not approved at the previous meeting of the Economy Regeneration and Housing Committee, however further funding had been sought and approved for active travel schemes in the borough.

Members noted that at the Policy and Resources Committee held on 14 June 2023, it was agreed Wirral Growth Company Profit be moved from Regeneration and Place reserves to Resource reserves and that this was not reflected in this report to Economy Regeneration and Housing Committee. The Director noted that the decision by Policy and Resources Committee took place after the agenda for Economy Regeneration and Housing Committee was published and that the recommendation related to the Quarter 4 Outturn which pre dated the Policy and Resources Committee meeting.

Resolved – That

1. The revenue position presented at Quarter 4 Outturn be noted.

2. The delivery of the 2022-2023 savings programme at Quarter 4 Outturn be noted.

3. The level of reserves at Quarter 4 Outturn be noted.

4. The Capital position of £17.474m at Quarter 4 Outturn be noted.