RESOLVED

That Cabinet

1.          notes the financial reporting data relating to revenue budgetary control, showing a forecast net overspend at year end of £1.285million, 0.83% of the net budget.

2.          approves the following capital adjustments:

2015/16                 2016/17

St Mary’s Expansion VAT Adjustment            £137,210

Cricket Green Expansion (Grant)                                              £459,740

Colliers Wood Library Re-Fit                          £200,000

Colliers Wood Library Relocation                                           (£550,000)

Rediscover Mitcham (S106)                                   £507,280

Quietways Cycle Routes (TfL)                       £344,000

Canons Parks for People                               £124,000                     £113,000

Street Lighting                                             £400,000

Industrial Estates                                        (£200,000)

Town Centre Investments                           (£200,000)

Total                                                          £1,312,490           £22,740

3.          notes:

i)      the re-profiling from 2015/16 to 2016/17 of £2,366k in Children, Schools and Families and £1,046k in Corporate Services.

ii)      that a report will be progressed to Council for the addition of Rediscover Mitcham to the capital programme and for the approval of the Education Section 106 funding already utilised to fund the capital programme.

4.          approves the alternative revenue saving of £66,000 for Environment and Regeneration detailed in Appendix 6 to replace EN16 (previously agreed in 2013/14).

5.          approves the release of up to £100k from the Council Board Issues reserve in relation to the Wimbledon Park Masterplan development.