Decision details

The committee considered a report (agenda item 12) setting out the draft revenue and capital financial outturn position for the Combined Authority and the Mayoral budget for the 2018/19 financial year.

The Chair highlighted the following points:

·         Appendix 1 set out the Mayoral Fund’s draft revenue outturn position for the 2018/19 financial year, which was £1,555k lower than the revised budget, largely due to slippage on grant funded feasibility projects.

·         Appendix 2 set out the Combined Authority’s draft revenue outturn position for the 2018/19 financial year, which showed a net surplus in the year of £976k. The report recommended the transfer of the surplus to various reserves.

·         Appendix 3 outlined the draft capital outturn position for the 2018/19 financial year.  The report explained the reasons for the slippage, which would be carried forward into 2019/20.

·         The report also explained the current procurement exercise for the provision of future ICT services and recommended delegation of the final contract award.

The report recommendations were then moved by the Chair and seconded by Cllr Savage.

The Chair then moved to the voting on the recommendations.

The committee RESOLVED:

1.    To note the Mayoral Fund and West of England Combined Authority revenue and capital budget draft outturn positions as set out in Appendices 1, 2 and 3.

2.    To approve the transfers to reserves as detailed in paragraphs 2.2.7 and 2.2.11

3.    To delegate responsibility for entering into a new ICT service provision contract for the West of England Combined Authority, subject to identification of the required budget, to the West of England Combined Authority Chief Executive in consultation with the West of England Combined Authority Section 151 Officer.