Board Date: 20 March 2018 Item: Draft TfL Budget 2018/19 This paper will be considered in public 1 Summary 1.1 This paper seeks the approval of the draft TfL Budget 2018/19. 1.2 The members of the Finance Committee informally reviewed the financial summaries and analysis on 5 March 2018. 2 Recommendations 2.1 The Board is asked to: (a) approve the draft TfL Budget 2018/19; and (b) delegate to the Acting Chief Finance Officer the authority to make any editorial or other minor changes prior to its publication. 3 Background 3.1 The draft Budget 2018/19 sets out in detail the strategies outlined in the December 2017 Business Plan to deliver the Mayor’s plans for improving transport and reducing our operating costs in the financial year beginning 1 April 2018. 3.2 The document highlights the programmes and milestones that will see the most significant developments or progress over the next year. 3.3 The financial schedules, scorecard measures and key performance indicators are based on the forecast outturn position for 2017/18 as at period 11. List of appendices to this report: Appendix 1: Draft TfL Budget 2018/19 List of background papers: None Contact Officer: Simon Kilonback, Managing Director Finance (Chief Finance Officer) Number: 020 3054 8941 Email:
[email protected] Document title over one or two lines TransportWith the possibility offor a sub-heading London running Budgetover one or two 2018/19 lines Draft Draft Draft About Transport for London (TfL) Contents Part of the Greater London Authority We are moving ahead with many of family led by Mayor of London Sadiq London’s most significant infrastructure Khan, we are the integrated transport projects, using transport to unlock authority responsible for delivering the growth.