Navigation
Decision details
Financial Report 2018/19 – October 2018
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
Purpose:
This is the financial monitoring report for
period 7, 31st October 2018 presented in line with the financial
reporting timetable.
Decision:
RESOLVED
1. That the financial reporting data relating to revenue budgetary control, showing a forecast net overspend at year end of £1.042 million, 0.19% of gross budget be noted.
2. That the adjustments to the Capital Programme contained in Appendix 5b be approved.
That Cabinet note the adjustments to the Capital Programme contained in Appendix 5b and approve the items in the Table below:
|
Scheme |
|
2018/19 Budget |
2019/20 Budget |
Narrative |
|
Corporate Service |
||||
|
Customer Contact – Echo Integration |
(1) |
100,300 |
0 |
Funded by a Revenue Contribution from reserves to Capital |
|
Regulatory Services Project |
(1) |
96,250 |
0 |
Funded by £8,333 Revenue Contributions from reserves and £87,917 contribution from Other LAs |
|
Parking System |
(1) |
126,000 |
0 |
Funded by a Revenue Contribution from reserves to Capital |
|
Civic Centre – Boilers |
(1) |
(200,000) |
200,000 |
Re-profiled to reflect expected spending patterns |
|
Civic Centre Imp & Adpts to Cttee Rms |
(1) |
88,000 |
0 |
Essential improvements and adaptions to committee rooms |
|
Implementation of 5.5 |
(1) |
79,800 |
0 |
£17,200 funded from virement from Invoice Scanning |
|
Westminster Coroners Court |
(1) |
(460,000) |
460,000 |
Merton’s share of these costs expected in 2019-20 |
|
Total |
|
(169,650) |
660,000 |
|
3. That the Environment and Regeneration alternative savings detailed within Appendix 8 be approved.
4. That the Community and Housing alternative savings detailed within Appendix 9 be approved.
5. That the Community and Housing transport virement in Appendix 10 be approved.
Report author: Andrew Wood
Publication date: 12/12/2018
Date of decision: 10/12/2018
Decided at meeting: 10/12/2018 - Cabinet
Effective from: 18/12/2018
Accompanying Documents:
PDF 672 KB