Decision details

The West of England Combined Authority agreed the following recommendations:

1.    The Mayoral Fund and WECA revenue and capital budget outturn forecasts as set out in Appendices 1,2 and 3 was noted.

2.    Any underspends on the JSP Scheme Development or Transport Feasibility Studies Mayoral budgets are carried forward to 2018/19.

3.    That, subject to the final outturn position, £310k is carried forward to fund Transport Work Packages (£160k), HR support costs (£60k) and further ICT implementation costs (£90k) in 2018/19.

4.    That an earmarked reserve is established for any net underspends on Integrated Transport Authority functions with the intention of revising the Transport Levy to be revenue neutral on constituent councils, as soon as practicable after final outturn. 

5.    That an earmarked reserve is established for Business Rate Retention income with the remainder of the outturn WECA surplus being set aside in a General Fund reserve.

6.    The updates provided for the 2018/19 Budget was noted.

7.    That the detailed allocation of Housing Capacity Funding will be delegated to the WECA Chief Executive in consultation with the WECA Mayor and the WECA S151 Officer, and in accordance with the grant offer conditions.