Members received a report summarising the latest budget monitoring position for the revenue and capital budgets for Solent Transport outturns for the 2016/17 financial year and setting out a provisional revenue budget for 2017/18 (Item 8 in the Minute Book).
Members attention was drawn to Section 2 of the report, and approval for the remaining £76,000 surplus from Sub Regional Transport Model (SRTM) Commissions to be carried forward and ring-fenced as a contribution towards the next SRTM upgrade was supported by the Joint Committee, and was also seen as a base for future uplifts. Attention was also drawn to the £5,000 staffing underspend and Members supported that this should be carried forward to the 2017/18 revenue budget, which would allow for greater flexibility with future recruitment. It was noted that an update on the 2017/18 revenue budget would be provided at the next Joint Committee meeting.
Section 8 of the report and also Table 3 highlighted the provisional partner revenue contributions for 2017/18 and the officer highlighted that approval was sought for these to remain the same and in line with recent years.
RESOLVED:
That the Joint Committee:
(a) Notes the forecast outturn for the 2016/17 revenue and capital budgets.
(b) Approves the proposed carry forward of the anticipated unspent balance, including the proposal to ring-fence this in part to fund the next SRTM upgrade.
(c) Approves the provisional partner revenue contributions for 2017/18.
(d) Approves the provisional revenue budget for 2017/18.