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Decision details
Financial Monitoring report 2020/21 - June 2020
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
Purpose:
To note the Council's financial position for
2020/21 month 3
Decision:
RESOLVED
1. That the financial reporting data for month 3, June 2020, relating to revenue budgetary control, showing a forecast net adverse variance at year-end of £23.7m be noted.
2. That the contents of Section 4 be noted and the amendments to the Capital Programme contained in Appendix 5B of the report be approved.
That the outcome of a review of the Capital Programme and the contents of Section 4 and Appendix 5B be noted and the amendments to the Programme contained in the table below be approved:
|
|
Budget 2020-21 |
Budget 2021-22 |
Budget 2022-23 |
Budget 2023-24 |
Narrative |
|
- |
£ |
£ |
£ |
£ |
|
|
Corporate Services |
|
|
|
|
|
|
Customer Contact Programme |
(350,000) |
(400,000) |
0 |
0 |
Relinquished budget |
|
Capital Building Works |
(175,420) |
0 |
0 |
0 |
Relinquished budget |
|
Replacement Boilers |
(267,200) |
267,200 |
0 |
0 |
Re-profiled from 2020-21 to 2021-22 |
|
Civic Centre lighting upgrade |
|
(300,000) |
300,000 |
0 |
Re-profiled from 2021-22 to 2022-23 |
|
Planning and Public Protection |
0 |
0 |
0 |
(550,000) |
Relinquished budget |
|
School Admissions System |
(125,000) |
0 |
125,000 |
0 |
Re-profiled from 2020-21 to 2022-23 |
|
Youth Justice System |
(100,000) |
100,000 |
0 |
0 |
Re-profiled from 2020-21 to 2021-22 |
|
Multi Function Device |
(330,000) |
0 |
0 |
0 |
Relinquished budget |
|
IT Equipment |
0 |
(100,000) |
(100,000) |
0 |
Relinquished budget |
|
Capital Bidding Fund |
0 |
0 |
0 |
(186,400) |
Relinquished budget |
|
Community and Housing |
|
|
|
|
|
|
Learning Disability Housing |
(138,000) |
138,000 |
|
|
Re-profiled from 2020-21 to 2021-22 |
|
Environment and Regeneration |
|
|
|
|
|
|
Car Park Upgrades |
(264,000) |
264,000 |
0 |
0 |
Re-profiled from 2020-21 to 2021-22 |
|
Replacement of Fleet Vehicles |
(116,800) |
116,800 |
0 |
0 |
Re-profiled from 2020-21 to 2021-22 |
|
Highway Bridges and Structures |
(150,000) |
150,000 |
0 |
0 |
Re-profiled from 2020-21 to 2021-22 |
|
Morden Town Centre Regeneration |
(50,000) |
(460,000) |
108,000 |
402,000 |
Re-profiled from 2020-21 onwards |
|
Canons Parks for the People |
178,770 |
(178,770) |
|
|
Re-profiled from 2021-22 to 2020-21 |
|
Paddling Pool – Option 2 |
(113,000) |
113,000 |
0 |
0 |
Re-profiled from 2020-21 to 2021-22 |
|
Total |
(2,000,650) |
(289,770) |
433,000 |
(334,400) |
|
3. That finance officers continue to work with budget managers to identify further re-profiling and savings throughout the approved programme 2020-24.
Report author: Roger Kershaw
Publication date: 09/09/2020
Date of decision: 07/09/2020
Decided at meeting: 07/09/2020 - Cabinet
Effective from: 15/09/2020
Accompanying Documents:
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