Agenda item

Report of the Chamberlain

The Committee received the annual on-street parking accounts 2016/17 which were required to be reported to the Mayor for London.

Members noted the following:

-       The surplus arising from on-street parking activities in 2016/17 was £6.313m;

a total of £3.421m, was applied in 2016/17 to fund approved projects; and

-       The surplus remaining on the On-Street Parking Reserve at 31st March 2017 was £20.121m, which would be wholly allocated towards the funding of various highway improvements and other projects over the medium term.

RESOLVED – That the contents of the report be noted before submission to the Mayor for London.