Issue - meetings

Councillor Roberts, Portfolio Holder for Corporate Financial Planning and Policy, introduced the recommendation of the Executive to approve the Medium-Term Financial Strategy as updated.  Included within the Strategy was a pilot to reduce the off-street parking charges on Saturdays as a measure to encourage visitors to the town centre.  Several questions were raised over the proposals, including on the readiness of the car parks for a new charging scheme and what the intention was at the end of the pilot, which was scheduled to occur just before Christmas 2022. 

The points raised during the debate were responded to, including clarification over the parking pilot and the positive outcomes that the pilot could achieve, before the Members were directed to the recommendation before the Council.

RESOLVED

That the Medium-Term Financial Strategy as updated be approved.

Reporting Person – Leigh Clarke

Councillor Roberts, Portfolio Holder for Corporate Financial Planning and Policy, introduced a report which provided an update to the Medium Term Financial Strategy (MTFS) for 2022-23 to 2025-26.  The report also outlined the approach to aligning Council budgets with the priority outcomes defined within the Woking for All strategy, as well as the supplementary and amended priorities from the new administration agreed at the last meeting of the Executive.  The Portfolio Holder explained that the financial forecasts within the report set out the level of challenge faced by the Council due to increased inflationary pressures and risk to the level of the Council’s forecast income.  As part of the Council’s Financial Resilience Strategy, the Executive noted that it was important that plans were in place to respond to the financial risks outlined in the MTFS and work would progress on savings options with an update provided at the October Executive.  The proposed savings options of circa £11m was highlighted.

In order to meet the needs of residents whilst supporting the Town Centre, the Executive discussed the proposed parking pilot for Victoria Place, which included Red, Green, Yellow and Blue car parks.  It was proposed that a new tariff be piloted on Saturdays during September to encourage car park users to extend their stay in the Town Centre beyond two hours.  Councillor Davis, Shadow Portfolio Holder for Corporate Financial Planning and Policy, raised a number of questions on the proposed pilot including measurement of success, exit strategy and impact on CO2 emissions in the Town.  The Leader responded to the points raised and highlighted that the information from the pilot would support the development of a car parking strategy later in the year.  It was highlighted that it would be necessary to bear in mind other factors which could increase parking occupancy during the pilot, such as the opening of Italia Conti in Victoria Place.

The Executive acknowledged the challenging financial situation and the updated financial forecasting set out in the report.  It was noted that the MTFS would continue to be reviewed and updated over the summer to bring forward areas of search for efficiencies and savings, with further MTFS updates brought to the Executive throughout the year.

RESOLVED

That  (i)    the evidence base on demographics (Appendix 1 to the report) be noted;

          (ii)   the target for areas of search to identify further efficiency and savings proposals (Section 6) be noted;

          (iii)  agree for the Strategic Director – Place, in consultation with the relevant Portfolio Holder, to submit the UK Shared Prosperity Fund Investment programme (referenced in Section 2 of the report) to the DLUHC by 1^st August 2022;

          (iv)  agree to the continuance of Opportunity purchases within the Investment Programme with delegation to the Chief Executive in consultation with the Leader and relevant Portfolio Holder;

          (v)   agree the car park pilot in the Victoria Place Car Park for the Saturdays within the pilot period;

          (vi)  the priority outcomes, in the Corporate Plan which form the basis of the  ...  view the full minutes text for item 6