Agenda item

Planning and Transportation Committee

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: