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Decision details
August Financial Monitoring Report
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 5, August 2022, relating to revenue budgetary control, showing a forecast net adverse variance at 31 August on service expenditure of £2.317m when corporate and funding items are included.
B. That CMT note the contents of Section 5 and approve the adjustments to the Capital Programme contained in Appendix 5b
That Cabinet noted the contents of Section 5 and Appendix 5b of the report and approved the adjustments to the Capital Programme in the Table below
|
|
Budget 2022-23 |
Budget 2023-24 |
Budget 2024-25 |
Narrative |
|
Corporate Services |
£ |
£ |
£ |
|
|
Invest to save schemes – De-Carbonisation scheme |
137,000 |
|
|
Additional spend covered by Grant |
|
Business Systems – Environmental Asset Management |
(240,000) |
240,000 |
|
Reprofiled in line with projected spend |
|
Business Systems – Revenue and Benefits |
(700,000) |
300,000 |
400,000 |
Reprofiled in line with projected spend |
|
Business Systems – Spectrum Spatial Analyst Replacement (GIS) |
(100,000) |
100,000 |
|
Reprofiled in line with projected spend |
|
Community and Housing |
|
|||
|
Major Projects – Social Care H – Learning Disability Housing |
(50,000) |
(1,528,000) |
1,578,000 |
Reprofiled in line with projected spend |
|
Children, Schools and Families |
|
|||
|
Unlocated Primary School Proj |
(32,500) |
|
|
Reprofiled in line with projected spend |
|
Raynes Park – Schools Capital Maintenance |
32,500 |
|
|
Reprofiled in line with projected spend |
|
Medical PRU – PRU Expansion |
30,000 |
(30,000) |
|
Reprofiled in line with projected spend |
|
Environment and Regeneration |
|
|||
|
Pay and Display Machines |
20,000 |
|
|
Virement from Car Park Upgrades |
|
Car Park Upgrades |
(20,000) |
|
|
Virement to Pay and Display Machines |
|
Parks – New Water Play Feature Wimbledon Park |
43,000 |
(226,000) |
|
Unspent SCIL Balance on Project Relinquished |
|
Parks – Abbey Ward |
8,240 |
|
|
Funded by NCIL |
|
Parks – Figges Marsh |
4,980 |
|
|
Funded by NCIL |
|
Parks – Multi Use Sports Areas |
6,400 |
|
|
Funded by NCIL |
|
Parks – Wimbledon Park NCIL Ward |
13,080 |
|
|
Funded by NCIL |
|
Total |
(847,300) |
(1,144,000) |
1,978,000 |
|
Report author: Roger Kershaw
Publication date: 09/11/2022
Date of decision: 07/11/2022
Decided at meeting: 07/11/2022 - Cabinet
Effective from: 15/11/2022
Accompanying Documents:
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