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Decision details
Financial Monitoring November (2014/15)
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
Purpose:
Financial Monitoring November (2014/15)
Decision:
RESOLVED
That Cabinet
a). notes the financial reporting data relating to revenue budgetary control, showing a forecast net overspend at year end of £4.75million, 2.92% of the net budget. This is a decrease of £9k from last month.
b). approves the virement of £319K to transfer the Safety Services budget from Corporate Governance to Infrastructure and Transactions division within Corporate Services.
c). notes the amendments to the Capital Programme in Appendix 5b and approves the following adjustments:
|
Belvederes and Ridgway Place |
70,000 |
|
Wheelie Bins - Pilot |
48,000 |
|
Taylor Rd Day Centre - Improvement Works |
25,000 |
|
Highways bridges & structures |
(143,000) |
|
Transformation Budgets |
(512,170) |
|
Disaster Recovery |
512,170 |
|
London Rd Cemetery Extension |
340,000 |
|
2015/16 |
|
|
£ |
|
|
Match Funding for GLA Bid from Future Merton |
122,000 |
|
Capital Bidding Fund |
(122,000) |
|
Expansion Inflation Contingency |
180,000 |
|
Dundonald Expansion |
(180,000) |
Report author: Paul Dale
Publication date: 21/01/2015
Date of decision: 19/01/2015
Decided at meeting: 19/01/2015 - Cabinet
Effective from: 27/01/2015
Accompanying Documents:
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