The Head of Financial Services and Head of Business Improvement have submitted a report to note the projected financial outturn and  the current position on risk and performance as at the 31st December 2018.

Recommendation: That the City Executive Board resolves to:

Note the projected financial outturn and  the current position on risk and performance as at the 31st December 2018.

The Head of Financial Services and Head of Business Improvement had submitted a report to note the projected financial outturn and the current position on risk and performance as at the 31st December 2018.

The Board Member for Finance and Asset Management (Councillor Ed Turner) introduced the report. He was pleased to report a favourable variance in relation to the General Fund. There was a considerable underspend in the Capital Programme but the establishment of a Project Management Office was intended to put more rigour into the management of capital projects. Future reports would have more information about the delivery of the Capital Programme. Two indicators were not meeting their targets: the number of new homes granted permission in the City; and the net increase in number of businesses operating in the City . This was regrettable but it was recognised that these were measures over which the Council has no direct control.

The Board Member for Planning and Transport said the  housing shortage was a serious matter for the Council. The emerging Local Plan identified 60 sites for housing and officers were working with land owners and interested parties to bring these sites forward, this was a high priority for the planning team.

The City Executive Board resolved to:

Note the projected financial outturn and the current position on risk and performance as at the 31st December 2018.