6 Financial Report 2018/19 – August 2018 PDF 654 KB
Decision:
RESOLVED:
A. That Cabinet noted the financial reported data relating to revenue budgetary control, showing a forecast net overspend of £2.78million, 0.5% of gross budget.
B. That Cabinet approved the virement of £160k between Parking Services and Future Merton in relation to work related to CPZs.
C. That Cabinet noted the position in respect of the Capital Programme contained in Appendix 5b and approved the adjustments summarised in the Table below:
Scheme |
2018/19 Budget |
2019/20 Budget |
Narrative |
|
Children, Schools and Families |
||||
Cricket Green expansion |
(955,730) |
955,730 |
Reflects the estimated programme post contract award |
|
Secondary School Autism Unit (Harris Morden) |
(160,000) |
160,000 |
Reprofiled in accordance with anticipated spend |
|
Unallocated SEN (Further SEN provision |
(188,000) |
188,000 |
Reprofiled in accordance with anticipated spend |
|
Harris Academy Morden - Expansion |
(143,560) |
143,560 |
Reprofiled in accordance with anticipated spend |
|
St Mark’s Academy |
(200,000) |
200,000 |
Reprofiled in accordance with anticipated spend |
|
Perseid Expansion |
152,000 |
0 |
Virement to cover additional costs of expansion |
|
Harris Academy Wimbledon - Expansion |
(1,142,940) |
771,440 |
Virement to Cover Essential Works at PFI Schools |
|
Harris Academy Morden - Essential Wks |
104,000 |
0 |
Virement to Cover Essential Works at PFI Schools |
|
Ricards Lodge - Essential Wks |
15,000 |
0 |
Virement to Cover Essential Works at PFI Schools |
|
Raynes Park - Essential Wks |
79,000 |
0 |
Virement to Cover Essential Works at PFI Schools |
|
Rutlish - Essential Wks |
21,500 |
0 |
Virement to Cover Essential Works at PFI Schools |
|
Environment and Regeneration |
||||
Bus Priority Scheme |
150,000 |
0 |
New TfL Funding |
|
School Keep Clear B750-7 |
190,480 |
£50k S106 remainder virement |
||
Fleet Vehicles |
(60,000) |
Virement to School Keep Clear |
||
Alley Gating |
(1,510) |
Virement to School Keep Clear |
||
Street Trees |
(2,310) |
Virement to School Keep Clear |
||
Street Lighting |
(11,210) |
Virement to School Keep Clear |
||
Traffic Schemes |
(5,600) |
Virement to School Keep Clear |
||
Surface Water Drainage |
(2,700) |
Virement to School Keep Clear |
||
Footways |
(18,110) |
Virement to School Keep Clear |
||
Anti Skid |
(3,400) |
Virement to School Keep Clear |
||
Borough Roads |
(44,710) |
Virement to School Keep Clear |
||
Total |
(2,227,800) |
2,418,730 |
||
Minutes:
The Deputy Leader and Cabinet Member for Finance presented the report and thanked all staff involved with the work. The Cabinet Member highlighted the current projected overspend of £2 and ¾ million in the Children Schools and Families division and advised that the report included ways in which this would be addressed.
The Director for Corporate Services advised that the savings progress and projections were being monitored.
The Cabinet Member for Regeneration Housing and Transport welcomed the work being done around safety outside of Schools and enforcement.
RESOLVED:
A. That Cabinet noted the financial reported data relating to revenue budgetary control, showing a forecast net overspend of £2.78million, 0.5% of gross budget.
B. That Cabinet approved the virement of £160k between Parking Services and Future Merton in relation to work related to CPZs.
C. That Cabinet noted the position in respect of the Capital Programme contained in Appendix 5b and approved the adjustments summarised in the Table below:
Scheme |
2018/19 Budget |
2019/20 Budget |
Narrative |
|
Children, Schools and Families |
||||
Cricket Green expansion |
(955,730) |
955,730 |
Reflects the estimated programme post contract award |
|
Secondary School Autism Unit (Harris Morden) |
(160,000) |
160,000 |
Reprofiled in accordance with anticipated spend |
|
Unallocated SEN (Further SEN provision |
(188,000) |
188,000 |
Reprofiled in accordance with anticipated spend |
|
Harris Academy Morden - Expansion |
(143,560) |
143,560 |
Reprofiled in accordance with anticipated spend |
|
St Mark’s Academy |
(200,000) |
200,000 |
Reprofiled in accordance with anticipated spend |
|
Perseid Expansion |
152,000 |
0 |
Virement to cover additional costs of expansion |
|
Harris Academy Wimbledon - Expansion |
(1,142,940) |
771,440 |
Virement to Cover Essential Works at PFI Schools |
|
Harris Academy Morden - Essential Wks |
104,000 |
0 |
Virement to Cover Essential Works at PFI Schools |
|
Ricards Lodge - Essential Wks |
15,000 |
0 |
Virement to Cover Essential Works at PFI Schools |
|
Raynes Park - Essential Wks |
79,000 |
0 |
Virement to Cover Essential Works at PFI Schools |
|
Rutlish - Essential Wks |
21,500 |
0 |
Virement to Cover Essential Works at PFI Schools |
|
Environment and Regeneration |
||||
Bus Priority Scheme |
150,000 |
0 |
New TfL Funding |
|
School Keep Clear B750-7 |
190,480 |
£50k S106 remainder virement |
||
Fleet Vehicles |
(60,000) |
Virement to School Keep Clear |
||
Alley Gating |
(1,510) |
Virement to School Keep Clear |
||
Street Trees |
(2,310) |
Virement to School Keep Clear |
||
Street Lighting |
(11,210) |
Virement to School Keep Clear |
||
Traffic Schemes |
(5,600) |
Virement to School Keep Clear |
||
Surface Water Drainage |
(2,700) |
Virement to School Keep Clear |
||
Footways |
(18,110) |
Virement to School Keep Clear |
||
Anti Skid |
(3,400) |
Virement to School Keep Clear |
||
Borough Roads |
(44,710) |
Virement to School Keep Clear |
||
Total |
(2,227,800) |
2,418,730 |
||