Decision Maker: Director of Highways and Transport
Decision status: Recommendations Approved
Is Key decision?: No
It has been highlighted from a financial standpoint that there is a shortfall within the available budget for an external contractor's imbursement. The historic payments and transfers against the current PPMS ID are under review to accurately reflect available budget and the developers future payments, whilst this investigation is ongoing a decision is required for temporarily borrowing funds against the scheme until the developer pays over the next calculated stage instalment.
This borrowing of funds will allow the payment for the pending
invoice covering site investigation measures to date, the sum
amounts to £2,844.69 and is inclusive of internal staff
charges.
Due to the financial structure of the agreement in place with the
developer there is no potential for loss of revenue to Lancashire
County Council.
John Davies, Head of Highways Management Service, took the decision to temporarily borrow funds to make up the shortfall within the available budget for an external contractor's imbursement.
Divisions Affected: Fylde East;
Contact: John Davies Email: john.davies2@lancashire.gov.uk.
Date of decision: 18/04/2024
Accompanying Documents: