To consider the annual On-Street Parking Accounts for 2019/20 and related funding of Highway Improvements and Schemes.
Minutes:
PLANNING AND TRANSPORTATION COMMITTEE
(Deputy Alastair Moss)
Annual On-Street Parking Accounts 2018/19 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 2018/19. 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 201/19 was £13.681m;
· a total of £6.833m, was applied in 2018/19 to fund approved projects; and
· the surplus remaining on the On-Street Parking Reserve at 31st March 2019 was £36.828m, 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.
Supporting documents: