Agenda item

To consider the annual On-Street Parking Accounts for 2019/20 and approve its submission to the Mayor of London.

PLANNING AND TRANSPORTATION COMMITTEE

(Deputy Alastair Moss)

Annual On-Street Parking Accounts 2019/20 and Related Funding of Highway Improvements and Schemes

The Court received a report advising of action taken in respect of any deficit or surplus in its On-Street Parking Account for 2019/20. This information was required to be reported to the Mayor of London.

 The report informed Members that:

• the surplus arising from on-street parking activities in 2019/20 was £10.876m;

• a total of £5.005m was applied in 2019/20 to fund approved projects; and

• the surplus remaining on the On-Street Parking Reserve at 31st March 2020

  was £42.713m, which will be wholly allocated towards the funding of various

  highway improvements and other projects over the medium term.

Resolved – That the report be noted and its submission to the Mayor of London be approved.