The Head of Finance – Place introduced the report of the Director of Neighbourhood Services which set out the financial monitoring information for the Environment, Climate Emergency and Transport Committee as at Quarter 1 (30 June) of 2024/25. The report provided Members with an overview of budget performance, including progress on the delivery of the 2024/25 saving programme and a summary of reserves and balances. It was emphasised to members that although there was an adverse position of £0.400m for Environment, Climate Emergency and Transport Committee, the overall Council’s position was an adverse position on £12m.

The Director of Neighbourhood Services outlined that there were budgetary pressures in other directorates where there were demand led services which were unable to control spend and therefore there was a responsibility from Neighbourhoods directorate to come in on budget to support the Council and gave reassurance that officers were looking at income sources such as car parking to mitigate this and that a report would be brought to committee to consider how to best deploy resources and provide a sustainable method to meet budget commitments.

Resolved – That

(1)  the adverse position presented at Quarter 1 be noted.

(2)  the 2024/25 savings programme at Quarter 1 be noted.

(3)  the forecast level of reserves at Quarter 1 be noted.

(4)  the capital position at the end of Quarter 1 be noted.