Issue - meetings

To receive a report providing an update on the financial position for Solent Transport.

Members received a report which provided an update on the financial position for Solent Transport (Item 7 in the Minute Book).  The report was outlined and Members noted the 2016/17 year end position for Solent Transport, and the proposed carry forward underspend to 2017/18.

Members were content with the proposed £7,000 increase in the balance brought forward from 2016/17, and noted this was to be allocated to create a small studies budget for 2017/18.  The forecasted expected underspend of £51,000 for 2017/18 as a result of the current vacancy was highlighted, and reference was made to the current recruitment process to appoint to the Principal Transport Planner vacancy.  It was heard that the underspend would be offset in part by Atkins commissions for Transport Delivery plan refresh and Solent Go multi-operator smartcard review.

The Joint Committee was supportive of the report and approved the recommendations.

The following decisions have been made:

That the Joint Committee:

(a)     Notes the 2016/17 year end budget position.

(b)     Approves the carry forward of balances from 2016/17 to 2017/18.

(c)     Approves the partner revenue contributions for 2017/18.

(d)     Approves the revised 2017/18 revenue budget.

(e)     Notes the initial revenue forecast for 2017/18.