Decision details

The West of England Combined Authority Committee RESOLVED:

1. To approve a Transport Levy to the constituent councils of £19.5m for 2021/22, with a recharge of £2m applied to North Somerset Council, as detailed in Figure 6.

2. To approve the allocation of £200k from the 2020-21 surplus Treasury Management income to the delivery of the ICT programme of works.

3. To approve the surplus above 2021-22 base budget on Treasury Management income to be transferred to a treasury management reserve to cover the risk of capital losses, volatility of future income returns and lower interest rates payable in future years.

4. To approve the detailed WECA budget for 2021-22 as detailed in Appendix 1.

5. To note the WECA revenue outturn position for 2020-21 as detailed in Appendix 2.