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Decision details
Financial Monitoring Report - Period 6 September 2021
Decision Maker: Cabinet
Decision status: For Determination
Is Key decision?: No
Is subject to call in?: Yes
Purpose:
To review the financial position of the
authority and adjust financial information as appropriate
Decision:
RESOLVED:
A. That Cabinet noted the financial reporting data for month 6, September 2021, relating to revenue budgetary control, showing a forecast net adverse variance at year end on net service expenditure of £6.197m, increasing to £7.687m when corporate and funding items are included.
B. That Cabinet approved a draw down of £250k from the Your Merton reserve to E&R revenue budgets to fund a series of street and parks improvement projects within the department.
C. That Cabinet noted the contents of Section 5 and Appendix 5b of the report and approve the adjustments to the Capital Programme in the Table below:
|
|
Budget 2021-22 |
Budget 2022-23 |
Budget 2023-24 |
Budget 2024-25 |
Narrative |
|
|
£ |
£ |
|
£ |
|
|
Corporate Services |
|
|
|
|
|
|
Invest to Save – General |
(473,690) |
273,690 |
|
|
Re-profiled in line with projected spend |
|
Invest to Save - Photovoltanics |
(50,000) |
50,000 |
|
|
Re-profiled in line with projected spend |
|
Community and Housing |
|
||||
|
Disabled Facilities Grant |
262,410 |
|
220,000 |
440,410 |
Grant for 2021-22 Applied to Prog. |
|
Children, Schools and Families |
|
||||
|
West Wimbledon Capital Maintenance Budget |
75,000 |
|
|
|
Virements-projected spend capital maintenance |
|
Hatfeild Capital Maintenance Budget |
60,000 |
|
|
|
Virements-projected spend capital maintenance |
|
Hillcross Capital Maintenance Budget |
105,000 |
|
|
|
Virements-projected spend capital maintenance |
|
Joseph Hood Capital Maintenance Budget |
37,000 |
|
|
|
Virements-projected spend capital maintenance |
|
Dundonald Capital Maintenance Budget |
(1,990) |
|
|
|
Virements-projected spend capital maintenance |
|
Merton Park Capital Maintenance Budget |
50,000 |
|
|
|
Virements-projected spend capital maintenance |
|
Pelham Capital Maintenance Budget |
35,000 |
|
|
|
Virements-projected spend capital maintenance |
|
Wimbledon Chase Capital Maintenance Budget |
40,000 |
|
|
|
Virements-projected spend capital maintenance |
|
Abbotsbury Capital Maintenance Budget |
18,000 |
|
|
|
Virements-projected spend capital maintenance |
|
Malmesbury Capital Maintenance Budget |
13,000 |
|
|
|
Virements-projected spend capital maintenance |
|
Bond Capital Maintenance Budget |
35,000 |
|
|
|
Virements-projected spend capital maintenance |
|
Cranmer Capital Maintenance Budget |
50,000 |
|
|
|
Virements-projected spend capital maintenance |
|
Haslemere Capital Maintenance Budget |
90,000 |
|
|
|
Virements-projected spend capital maintenance |
|
St Mark’s Capital Maintenance Budget |
65,000 |
|
|
|
Virements-projected spend capital maintenance |
|
Lonesome Capital Maintenance Budget |
35,000 |
|
|
|
Virements-projected spend capital maintenance |
|
Sherwood Capital Maintenance Budget |
30,000 |
|
|
|
Virements-projected spend capital maintenance |
|
Unallocated Capital Maintenance Budget |
(786,010) |
|
|
|
£xk virement to specific schemes |
|
Perseid Capital Maintenance Budget |
50,000 |
|
|
|
Virements-projected spend capital maintenance |
|
Unlocated SEN – Medical PRU Expansion |
(300,000) |
300,000 |
|
|
Re-profiled in accordance with projected Spend |
|
Environment and Regeneration |
|
|
|
|
|
|
SLWP – General |
(8,080) |
8,080 |
|
|
Re-profiled in accordance with projected Spend |
|
SLWP – Waste Bins |
(13,350) |
13,350 |
|
|
NCIL Capital Bidding 2021-22 |
|
Mitcham Area Regen – Pollards Hill Bus Shelter |
|
150,000 |
|
|
NCIL Capital Bidding 2021-22 |
|
Highways & Footways – S Wimb Bus Area Wayfinding |
|
135,630 |
|
|
NCIL Capital Bidding 2021-22 |
|
Highways & Footways – Street Lighting Wimb |
(261,680) |
261,680 |
|
|
Re-profiled in accordance with projected Spend |
|
Cycle Route Imps – Cycle Lane Plough Lane |
(120,000) |
120,000 |
|
|
Re-profiled in accordance with projected Spend |
|
Wimb Area Regen – Wimb Public Realm Implement |
(401,190) |
401,190 |
|
|
Re-profiled in accordance with projected Spend |
|
Wimb Area Regen – Haydons Rd Public Realm Imps |
(300,000) |
300,000 |
|
|
Re-profiled in accordance with projected Spend |
|
Total |
(1,665,580) |
2,013,620 |
220,000 |
440,410 |
|
D. That Cabinet approved the Revenue NCIL Bids below as contained in Appendix 5d – these are summarised below:
|
Revenue Schemes |
Budget 2021-22 £ |
Budget 2022-23 £ |
|
The Small Quarter: Community growing and culture space |
|
38,914 |
|
The Mitcham Colour Way |
|
3,500 |
|
Attic’s Creative Community Engagement Programme |
|
42,549 |
|
Sherwood Park Café and Mini Golf |
|
60,000 |
|
Uptown Youth Services |
|
30,000 |
|
Martin Way – Greener, Brighter & Revitalised |
|
27,335 |
|
Merton Garden Streets 2022 |
|
31,288 |
|
Museum of Wimbledon Refurbishment Project (Grant) |
|
50,000 |
|
Energy Matters: Building the next generation of energy champions |
|
88,823 |
|
There’s More to Morden |
|
35,000 |
|
20mph banners |
|
35,000 |
|
Community Champions 2022: Building social capital in Merton’s journey towards net zero |
57,600 |
6,400 |
|
The Wheel – A Circular Economy for Merton |
|
75,000 |
|
Parade Programme Management top-up |
|
27,500 |
|
Total Revenue Schemes |
57,600 |
551,309 |
E. That Cabinet approved the use of £802,000 of the Climate Change reserve for carbon reduction and the delivery of Merton’s Climate Action Plan across 2021/22 (£20k) and 2022/23 (£782k). Further allocations for future years will be required and will be built in to the business plan.
Report author: Zoe Church
Publication date: 10/11/2021
Date of decision: 08/11/2021
Decided at meeting: 08/11/2021 - Cabinet
Effective from: 16/11/2021
Accompanying Documents:
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