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Decision details
September 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 6, September 2022, relating to revenue budgetary control, showing a forecast net adverse variance at 30 September on service expenditure of £1.579m when corporate and funding items are included.
B. 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 |
Narrative |
|
Corporate Services |
£ |
£ |
|
|
Civic Centre Cycle Parking |
(60,000) |
60,000 |
Reprofiled in line with projected spend |
|
Children, Schools and Families |
|
|
|
|
Unlocated Primary School Proj |
(264,550) |
298,430 |
Virement & Reprofiled in line with projected spend |
|
Hollymount – Schools Capital Maintenance |
100,800 |
|
Virement in line with projected spend |
|
Hatfeild – Schools Capital Maintenance |
69,800 |
|
Virement in line with projected spend |
|
Hillcross – Schools Capital Maintenance |
(50,110) |
|
Virement in line with projected spend |
|
Joseph Hood – Schools Capital Maintenance |
38,000 |
|
Virement in line with projected spend |
|
Dundonald – Schools Capital Maintenance |
(9,080) |
|
Virement in line with projected spend |
|
Pelham – Schools Capital Maintenance |
(16,000) |
|
Virement in line with projected spend |
|
Wimbledon Chase – Schools Capital Maintenance |
(65,390) |
|
Virement in line with projected spend |
|
Wimbledon Park – Schools Capital Maintenance |
15,900 |
|
Virement in line with projected spend |
|
Haslemere – Schools Capital Maintenance |
52,300 |
|
Virement in line with projected spend |
|
St Marks – Schools Capital Maintenance |
16,300 |
|
Virement in line with projected spend |
|
William Morris – Schools Capital Maintenance |
13,600 |
|
Virement in line with projected spend |
|
Raynes Park – Schools Capital Maintenance |
(50,000) |
|
Virement in line with projected spend |
|
Whatley – Capital Maintenance |
50,000 |
|
Virement in line with projected spend |
|
CSF Safeguarding – Care Leavers Living Accommodation |
(66,000) |
66,000 |
Reprofiled in line with projected spend |
|
Youth Provision – Pollards Hill Digital Divide |
(210,000) |
210,000 |
Reprofiled in line with projected spend |
|
Environment and Regeneration |
|
|
|
|
Highways and Footways – Residential Secure Cycle Store |
(25,670) |
25,670 |
Reprofiled in line with projected spend |
|
Highways and Footways – Accessibility Programme |
130,000 |
|
Additional TfL Funding |
|
Highways and Footways – Casualty Reduction & Schools |
199,000 |
|
Additional TfL Funding |
|
Cycle Route Improvements – Cycle Parking |
75,000 |
5,000 |
Reprofiled in line with projected spend & Addit.TfL Funding |
|
Cycle Rout Improvements – Cycle Improve Residential Streets |
205,000 |
|
Additional TfL Funding |
|
Mitcham Area Regeneration – Sandy Lane Public Realm |
(200,000) |
200,000 |
Reprofiled in line with projected spend |
|
Wimbledon Area Regeneration – Crowded Places/Hostile Veh |
(180.000) |
180.000 |
Reprofiled in line with projected spend
|
|
|
Budget 2022-23 |
Budget 2023-24 |
Narrative |
|
Wimbledon Area Regeneration – Wimbl Hill Heritage Led Pblc Realm |
(50,000) |
50,000 |
Reprofiled in line with projected spend |
|
Borough Regeneration – Merton Lost Rivers |
(200,000) |
200,000 |
Reprofiled in line with projected spend |
|
Parks Investment – Myrna Close Public Realm |
48.800 |
|
Reprofiled in line with projected spend |
|
Borough Regeneration – 42 Graham Road |
(50,000) |
50,000 |
Reprofiled in line with projected spend |
|
Borough Regeneration – Carbon Offset Funding |
(50,000) |
50,000 |
Reprofiled in line with projected spend |
|
Parks Investment – Paddling Pools |
(70,000) |
70,000 |
Reprofiled in line with projected spend |
|
Total |
(602,300) |
1,465,100 |
|
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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