To provide an update of the financial position for 2024/25 and to provide analysis against the 2024/25 budgets, up to the period ending September 2024.
Decision:
RESOLVED:
A. To note the financial position of the Transport Division for the financial year 24/25 to September 2024
Minutes:
The Finance Manager introduced the repot which provided an update of the financial position for 2024/25 and provided analysis against the 2024/25 budgets, up to the period ending September 2024.
No further questions or comments were raised by Members.
RESOLVED:
A. To note the financial position of the Transport Division for the financial year 24/25 to September 2024.
14 Budget and Performance Report PDF 203 KB
To provide an update of the financial position for 2024/25 and give the Committee an opportunity to review the multi-year budgets within their remit.
Additional documents:
Decision:
RESOLVED:
The Committee resolved to:
A. Note the financial position of the Transport Division for the financial year 24/25 to July 2024.
B. Review and comment on the current Transport budgets within the Combined Authority’s Medium-Term Financial Plan and Capital Programme.
Minutes:
The Finance Manager introduced the repot which provided an update of the financial position for 2024/25 and gave the Committee an opportunity to review the multi-year budgets within their remit.
During discussion the following points were noted:
a. Concerns were raised about how the precept routes could affect future budget monitoring reports, as many of the routes would not start until November. The Chair reassured members that this issue had already been raised and was being closely monitored by the team.
b. The Chair suggested scheduling an informal meeting that could be used to further discuss budget priorities as well as to discuss responses to the East West Rail consultation.
RESOLVED:
The Committee resolved to:
A. Note the financial position of the Transport Division for the financial year 24/25 to July 2024.
B. Review and comment on the current Transport budgets within the Combined Authority’s Medium-Term Financial Plan and Capital Programme.
ACTION:
1. Officers to organise an informal meeting to discuss the budget priorities and the East-West Rail consultation.