Navigation
Decision details
Financial Monitoring October 2019
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
This report presents the financial position
for the authority as at October 2019
Decision:
RESOLVED
1. That the financial reporting data for month 7, October 2019, relating to revenue budgetary control, showing a forecast net underspend at year-end of £1,068k, -0.2% of gross budget be noted.
2. That £165,620 from the Outstanding Council Programme Board (OCPB) Reserve relating to the Children, Schools and Families Merton Improvement Board (MIB) project bid for the scanning and digital archiving of files be approved.
3. That the contents of Section 4 be noted and the amendments to the Capital programme contained in Appendix 5b and in the Table below be approved.
4. That there will be a separate report on the wider impact of the DSG on the MTFS to the January 2020 Cabinet meeting.
|
Scheme |
2019/20 Budget |
2020/21 Budget |
2021/22 Budget |
2022/23 Budget |
Narrative |
|
Business Systems – Capita Housing |
(100,000) |
(100,000) |
|
|
Reprofiled in accordance with projected spend |
|
Customer Contact |
(150,000) |
150,000 |
|
|
Reprofiled in accordance with projected spend |
|
Library Enhancement Works – West Barnes Library Re-fit |
(200,000) |
200,000 |
|
|
Reprofiled in accordance with projected spend |
|
Disabled Facilities Grants |
100,000 |
647,100 |
|
|
Additional budget funded by grant |
|
Unallocated Primary School Project |
(157,000) |
|
|
|
Proposed Virement to fund projected costs |
|
Morden Area Regeneration – Transportation Enhancements |
(500,000) |
|
|
500,000 |
Reprofiled in accordance with projected spend |
|
Total |
(1,007,000) |
1,097,100 |
0 |
500,000 |
|
Report author: Roger Kershaw
Publication date: 18/12/2019
Date of decision: 16/12/2019
Decided at meeting: 16/12/2019 - Cabinet
Effective from: 24/12/2019
Accompanying Documents:
PDF 696 KB