LEP Operational Budget 2017-18
Decision status: Recommendations approved
Is Key decision?: No
Kathryn Molloy, Head of Service LEP Coordination, Lancashire County Council presented a report (circulated) which contained proposals for the LEP Operational Budget for 2017 / 18.
Kathryn explained that the Operational Budget had been produced under the guidance of the LEP's Performance Committee which met on the 22 November 2017 and more recently on the 16th January 2017. In setting the Operational Budget for 2017-18, the Committee has reviewed the LEP's previous and current income streams, budget position and staffing and resource capacity.
Resolved: The LEP Board:
(i) Considered and approved the Operational Budget for 2017-18, as set out in the report, including the proposal to fund additional staffing resource in 2017-18 and 2018-19 on an initial two-year fixed term basis to enhance LEP core capacity;
(ii) Authorised the Performance Committee to work with the County Council, as Accountable Body for the LEP, to finalise employing arrangements for proposed additional posts; and
(iii) Approve the Performance Committee to oversee the production of Management Accounts for 2016-16, which will include a final outturn figure, and present this information to the Board early in the next financial year.
Report author: Kathryn Molloy
Date of decision: 31/01/2017
Decided at meeting: 31/01/2017 - Lancashire Enterprise Partnership Limited