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Decision details
Financial Monitoring Report - Period 2 May 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 2, May 2021, relating to revenue budgetary control, showing a forecast net adverse variance at yearend on net service expenditure of £3.39m, reducing to £1.1m when corporate and funding items are included.
B. That Cabinet approved a virement to transfer £46,820 budget from Corporate Services to C&H to reflect a change in structure for one post previously within the Client Financial Affairs team That Cabinet note the contents of Section 5 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 |
|
|
|
|
|
|
Customer Contact |
(150,000) |
150,000 |
0 |
0 |
Reprofiled in line with projected spend |
|
Payroll System |
153,200 |
|
|
|
Drawdown from a Corporate Reserve |
|
Acquisitions Budget |
200,000 |
0 |
0 |
(200,000) |
Property Purchase |
|
Community and Housing |
|||||
|
West Barnes Library Re-Fit |
(200,000) |
|
|
200,000 |
Re-profiled Budget |
|
Children, Schools and Families |
|||||
|
Harris Morden - Morden Multi Sport Community Pitch |
135,000 |
|
|
|
Virement to fund revised scheme |
|
Environment and Regeneration |
|||||
|
Morden Rec Hockey Pitch |
(135,000) |
|
|
|
Virement to fund revised scheme |
|
Pay and Display Machines- Emissions Based Charging |
333,000 |
|
|
|
Virement to fund Emission Based Charging Scheme |
|
Car Park Upgrades |
(333,000) |
|
|
|
Virement to fund Emission Based Charging Scheme |
|
Morden Park Cycle Path |
227,220 |
|
|
|
Additional TfL Funding |
|
Accesibility Programme |
51,520 |
|
|
|
Additional TfL Funding |
|
Traffic Schemes |
3,000 |
|
|
|
Additional TfL Funding |
|
Cycle Improve Residential Stre |
(9,210) |
|
|
|
S106 £20,550 |
|
Unallocated TFL |
(272,530) |
|
|
|
Virement from Unallocated TfL Budge |
|
Total |
3,200 |
150,000 |
0 |
0 |
|
Report author: Zoe Church
Publication date: 14/07/2021
Date of decision: 12/07/2021
Decided at meeting: 12/07/2021 - Cabinet
Effective from: 20/07/2021
Accompanying Documents:
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