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Decision details
Financial Monitoring Report 2017-18 - October 2017
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
Purpose:
Provides a summary of the financial position
as at October 2017 including a forecast position a year end and a
forecast position
Decision:
RESOLVED
1. That the financial reporting data relating to revenue budgetary control, showing a forecast net overspend at year end of £1.4million, 0.3% of the gross budget be noted.
2. That the adjustments to the Capital Programme contained in Appendix 5b be noted.
3. That Cabinet approve the following adjustments to the Capital Programme
|
Scheme |
2017/18 Budget |
2018/19 Budget |
Funding/re-profiling |
|
Community & Housing |
£ |
£ |
|
|
Libraries IT |
(100,000) |
100,000 |
Re-profiled in accordance with tender process |
|
Environment & Regeneration |
|
|
|
|
Morden TFL |
(200,000) |
0 |
It is envisaged that this allocation will form part of later years funding still to be approved by TfL |
|
Total |
(300,000) |
100,000 |
|
Please note: Colliers Wood Financial Lease was presented to Council for approval on 22/11/17 so will only require to be noted by Cabinet.
Report author: Zoe Church
Publication date: 13/12/2017
Date of decision: 11/12/2017
Decided at meeting: 11/12/2017 - Cabinet
Effective from: 19/12/2017
Accompanying Documents:
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