Issue - meetings

To receive and discuss summary information reflecting performance in the Economy & Assets areas for quarter 4 2023/2024 and to receive an Outturn summary of the General Fund from the Head of Finance, Property & Climate Change.

The Group were presented with, and NOTED, summary information * reflecting performance in the Economy & Assets areas for quarter 4 2023/2024.

The following was highlighted on the Performance Dashboard:

·         The data presented referred to the Economy PDG area for the last quarter of 2023/2024. This was before the creation of the newly titled PDG areas.

·         The Corporate Performance and Improvement Manager listed the RAG ratings which were showing as either red or amber.

·         Car parking income was slightly behind target, however, the new charges would not be applied until quarter 1 of 2024/2025.

·         Pannier Market income was shown as amber and there were a couple of long term commercial voids

·         Capital slippage was shown as red and was mainly to do with the delay of the Cullompton Relief Road.

·         The Dashboards for quarter 1 in 2024/2025 would be updated once the new Corporate Plan had been approved. 

Consideration was given to:

·         What ‘Outturn’ actually meant? It was explained as a way of looking backwards to see how an area had performed.

·         It was within the gift of the Group to ask officers why performance in relation to corporate buildings and commercial premises was under achieving.

·         It was requested that the Group receive a list of commercial premises and where they were.

·         Whilst there had not been any capital expenditure in relation to J28, a significant amount of officer time had been spent doing feasibility studies and trying to secure external funding for its progression, this was why costs were showing.

It was AGREED that a meeting be set up to allow information relating to income and expenditure in the Economy & Assets area to be relayed to the Group by the Accountants so as to improve their knowledge in this area.

Note: * Summary information previously circulated.