Issue - meetings

Report of the Chamberlain, being received by the Finance Committee on 9^th December 2014, the Court of Common Council on 15 January 2014 and the Streets and Walkways Sub Committee on 19^th January 2015.

The Committee received a report of the Chamberlain which advised that the City of London in common with other London authorities was required to report the Mayor for London on action taken in respect of any deficit or surplus in its on-street parking account for a particular financial year.

The purpose of this report was to inform members that:

·           The surplus arising from on-street parking activities in 2013/14 was £5.290m;

·           A total of £4.137m, was applied in 2013/14 to fund approved projects; and

·           The surplus remaining on the on-street parking reserve at 31st March 2014 was £15.653m, 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.

Report of the Chamberlain, being received by the Finance Committee on 9^th December 2014, the Court of Common Council on 15 January 2014 and the Streets and Walkways Sub Committee on 19^th January 2015.

This item was deferred to a Special Meeting of the Planning and Transportation Committee on 15 December 2014.