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July Financial Monitoring Report
Meeting: 22/09/2022 - Cabinet (Item 14)
14 July Financial Monitoring Report 
PDF 2 MB
Decision:
RESOLVED:
A. That Cabinet note the financial reporting data for month 4, July 2022, relating to revenue budgetary control, showing a forecast net adverse variance at 31 July on service expenditure of £5.448m when corporate and funding items are included and £3.412m of reserves assumed to be used as agreed at the Cabinet meeting on the 18 July.
B. That CMT note the contents of Section 5 and approve the adjustments to the Capital Programme contained in Appendix 5b
That Cabinet note the contents of Section 5 and Appendix 5b of the report and approve the adjustments to the Capital Programme in the Table below:
|
|
|
Budget |
Budget |
Budget |
Narrative |
||
|
£ |
£ |
£ |
|
||||
|
Corporate Services |
|
|
|
|
|||
|
Customer Contact - Fix My Streets |
(1) |
50,000 |
|
|
Priority project from IT Implementation List |
||
|
Business Systems - Parking System |
(1) |
|
95,110 |
|
Funded by the OCPB Reserve |
||
|
Children, Schools and Families |
|
|
|
|
|
|
|
|
Joseph Hood - Schools Capital Maintenance |
(1) |
(66,120) |
66,120 |
|
Reprofiled in line with projected spend |
||
|
Dundonald - Schools Capital Maintenance |
(1) |
(12,000) |
|
|
Reprofiled in line with projected spend |
||
|
Raynes Park - Schools Capital Maintenance |
(1) |
12,000 |
|
|
Reprofiled in line with projected spend |
||
|
Perseid Lower School - School Expansion |
(1) |
100,000 |
1,500,000 |
2,516,860 |
Splitting Perseid Lower Expansion from Perseid Upper |
||
|
Perseid School - School Expansion |
(1) |
(100,000) |
(1,500,000) |
(2,516,860) |
Splitting Perseid Lower Expansion from Perseid Upper |
||
|
Mainstream SEN (ARP) - West Wimbledon ARP |
(1) |
40,000 |
(40,000) |
|
Reprofiled in line with projected spend |
||
|
Environment and Regeneration |
|||||||
|
On Street Parking - P&D - Pay and Display Machines |
(1) |
(200,000) |
|
|
As Emissions based Charging is not being progressed unspent budget being vired back to Car Park Upgrades |
||
|
Off Street Parking - P&D - Car Park Upgrades |
(1) |
260,000 |
|
|
Virement of projected unspent budget back to Car P ark Upgrades from Pay and Display Machine Upgrade |
||
|
Off Street Parking - P&D - Peel House Car Park* |
(2) |
700,000 |
|
|
Funding Required to undertake structural works |
||
|
Off Street Parking - P&D - Pay and Display Machines |
(1) |
|
|
(60,000) |
Reprofiled in line with projected spend pattern and vired to Car Park Upgrades |
||
|
Highways and Footways - Bishopsford Bridge |
(1) |
35,000 |
|
|
Virement from Cycleway schme to fund projected outturn on the scheme |
||
|
Highways and Footways - Cycle Lane Roadway Bishopsford Bridge |
(1) |
(47,000) |
|
|
Virement to main Bishopsford Bridge Scheme and relinquish projected underspend |
||
|
Mitcham Area Regeneration - Pollards Hill Bus Shelter |
(1) |
(100,000) |
100,000 |
|
Reprofiled in line with projected spend |
||
|
Morden Area Regeneration - Morden Town centre Imp |
(1) |
(200,000) |
200,000 |
|
Reprofiled in line with projected spend |
||
|
Parks - New water play feature wimb pk |
(1) |
(226,000) |
226,000 |
|
Reprofiled in line with projected spend |
||
|
Parks - Multi Use Sports Areas |
(1) |
175,000 |
|
(175,000) |
Reprofiled in line with projected spend |
||
|
Parks - Figges Marsh Ward Allocation - Figges Marsh |
(1) |
10,020 |
|
|
Table Tennis Table funded by NCIL |
||
|
Parks - Graveney Ward Allocation - Edenvale Rec |
(1) |
10,020 |
|
|
Table Tennis Table funded by NCIL |
||
|
Parks - Lavender Fields Ward Alloc - Lavender Park |
(1) |
10,020 |
|
|
Table Tennis Table funded by ... view the full decision text for item 14 |
||
Minutes:
RESOLVED:
A. That Cabinet note the financial reporting data for month 4, July 2022, relating to revenue budgetary control, showing a forecast net adverse variance at 31 July on service expenditure of £5.448m when corporate and funding items are included and £3.412m of reserves assumed to be used as agreed at the Cabinet meeting on the 18 July.
B. That CMT note the contents of Section 5 and approve the adjustments to the Capital Programme contained in Appendix 5b
That Cabinet note the contents of Section 5 and Appendix 5b of the report and approve the adjustments to the Capital Programme in the Table below:
|
|
|
Budget |
Budget |
Budget |
Narrative |
||
|
£ |
£ |
£ |
|
||||
|
Corporate Services |
|
|
|
|
|||
|
Customer Contact - Fix My Streets |
(1) |
50,000 |
|
|
Priority project from IT Implementation List |
||
|
Business Systems - Parking System |
(1) |
|
95,110 |
|
Funded by the OCPB Reserve |
||
|
Children, Schools and Families |
|
|
|
|
|
|
|
|
Joseph Hood - Schools Capital Maintenance |
(1) |
(66,120) |
66,120 |
|
Reprofiled in line with projected spend |
||
|
Dundonald - Schools Capital Maintenance |
(1) |
(12,000) |
|
|
Reprofiled in line with projected spend |
||
|
Raynes Park - Schools Capital Maintenance |
(1) |
12,000 |
|
|
Reprofiled in line with projected spend |
||
|
Perseid Lower School - School Expansion |
(1) |
100,000 |
1,500,000 |
2,516,860 |
Splitting Perseid Lower Expansion from Perseid Upper |
||
|
Perseid School - School Expansion |
(1) |
(100,000) |
(1,500,000) |
(2,516,860) |
Splitting Perseid Lower Expansion from Perseid Upper |
||
|
Mainstream SEN (ARP) - West Wimbledon ARP |
(1) |
40,000 |
(40,000) |
|
Reprofiled in line with projected spend |
||
|
Environment and Regeneration |
|||||||
|
On Street Parking - P&D - Pay and Display Machines |
(1) |
(200,000) |
|
|
As Emissions based Charging is not being progressed unspent budget being vired back to Car Park Upgrades |
||
|
Off Street Parking - P&D - Car Park Upgrades |
(1) |
260,000 |
|
|
Virement of projected unspent budget back to Car P ark Upgrades from Pay and Display Machine Upgrade |
||
|
Off Street Parking - P&D - Peel House Car Park* |
(2) |
700,000 |
|
|
Funding Required to undertake structural works |
||
|
Off Street Parking - P&D - Pay and Display Machines |
(1) |
|
|
(60,000) |
Reprofiled in line with projected spend pattern and vired to Car Park Upgrades |
||
|
Highways and Footways - Bishopsford Bridge |
(1) |
35,000 |
|
|
Virement from Cycleway schme to fund projected outturn on the scheme |
||
|
Highways and Footways - Cycle Lane Roadway Bishopsford Bridge |
(1) |
(47,000) |
|
|
Virement to main Bishopsford Bridge Scheme and relinquish projected underspend |
||
|
Mitcham Area Regeneration - Pollards Hill Bus Shelter |
(1) |
(100,000) |
100,000 |
|
Reprofiled in line with projected spend |
||
|
Morden Area Regeneration - Morden Town centre Imp |
(1) |
(200,000) |
200,000 |
|
Reprofiled in line with projected spend |
||
|
Parks - New water play feature wimb pk |
(1) |
(226,000) |
226,000 |
|
Reprofiled in line with projected spend |
||
|
Parks - Multi Use Sports Areas |
(1) |
175,000 |
|
(175,000) |
Reprofiled in line with projected spend |
||
|
Parks - Figges Marsh Ward Allocation - Figges Marsh |
(1) |
10,020 |
|
|
Table Tennis Table funded by NCIL |
||
|
Parks - Graveney Ward Allocation - Edenvale Rec |
(1) |
10,020 |
|
|
Table Tennis Table funded by NCIL |
||
|
Parks - Lavender Fields Ward Alloc - Lavender Park |
(1) |
10,020 |
|
|
Table Tennis Table funded by ... view the full minutes text for item 14 |
||