Decision details

(1)  The latest 2012/13 budget projection for the Environment Portfolio be endorsed.

(2)  Progress with implementing the Environment projects within the Member Priority Initiatives programme be noted.

(3)  The Executive be requested to approve the transfer of £97k to an earmarked reserve to meet future possible redundancy costs as detailed at paragraph 5.7 of Report ES13039.

Based on expenditure and activity levels to 31st January 2013, the 2012/13 controllable budget for the Environment Portfolio is projected to under spend by £6k.

Report ES13039 provides details of the 2012/13 projected outturn with a forecast of projected spend for each relevant Environmental Services Division compared to the latest approved budget. Background to variations is also outlined.

Additionally, the report outlines expenditure against Member Priority Initiatives for the Portfolio and progress of the selected projects.

The report also highlights that the final payment of a European grant has been received for the Commerce project. This, together with the release of provisions made for the project totals £97k. Subject to Executive approval, it is proposed to transfer this amount to an earmarked reserve for any possible redundancy costs in the future related to TfL funded staff, should the costs not be able to be contained within LIP resources.