Decision details

Budget Monitoring Update - KD2024/060

Decision Maker: Combined Authority Board

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

To provide an update on the revenue and capital budgets for the year to date and to present some environmental project change requests for the Board to consider.

Decision:

It was resolved to:

A    Note the financial performance of the Combined Authority with actuals as at 30th September 2024.

B    Approve that the underspend on transport budgets is set aside to meet future passenger transport related services as set out in paragraphs 3.7 and 3.8.

C    Note the decisions taken by the Chief Executive and Investment Committee under powers delegated by the Board as set out in section 6 of this report.

D    Approve the continuation of the Tiger Pass scheme beyond its current end date of May 2025 and approve that the in-year underspend on the scheme is set aside in an earmarked reserve as set out in section 7 of the report in order to fund its extension.

E    Approve to set aside £225k from the 2024/25 Programme Response Fund to support the continuation of the Changing Futures project over three years from 2025/26.

Report author: Rob Emery

Publication date: 18/11/2024

Date of decision: 13/11/2024

Decided at meeting: 13/11/2024 - Combined Authority Board

Effective from: 27/11/2024

Accompanying Documents: