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Decision details

June Financial Monitoring Report

Decision Maker: Cabinet

Decision status: For Determination

Is Key decision?: No

Is subject to call in?: No


To review the financial position of the authority and adjust financial information as appropriate




A.    That Cabinet note the financial reporting data for month 3, June 2022, relating to revenue budgetary control, showing a forecast net adverse variance at 30 June on service expenditure of£5.444m when corporate and funding items are included and £3.412m of reserves assumed to be used as agreed at last month’s Cabinet

B.    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 2022-23

Budget 2023-24






Raynes Park – Capital Maintenance



Vired from the Unallocated Budget

Unallocated Capital Maintenance



Allocation to Lonesome, Melbury and Raynes Park

Lonesome – Capital Maintenance



Vired from the Unallocated Budget

Merton Abbey – Capital Maintenance



Vired to the Unallocated Budget

Melbury – Capital Maintenance



Vired from the Unallocated Budget

Medical PRU



Reprofiled in line with projected spend








C. That Cabinet ask CMT to investigate and report back on measures to reduce the adverse variance, recognising that CSF have set some actions out already in Section 4

Report author: Ellis Kelly

Publication date: 26/09/2022

Date of decision: 22/09/2022

Decided at meeting: 22/09/2022 - Cabinet

Accompanying Documents: