Navigation
Decision details
Financial Monitoring 2015/16 - May 2016
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
Purpose:
This report reviews the financial position for
the Authority for the first two months of the financial year
Decision:
RESOLVED:
That Cabinet
1). notes the financial reporting data relating to revenue budgetary control, showing a forecast net overspend at year end of £4.4million, 1.2% of the gross budget.
2). reviews the capital information within the report and the adjustments to the Capital Programme detailed in Appendix 5b and approves the following:
|
Scheme |
2016/17 Budget |
Adjustment |
Revised 2016/17 Budget |
|
|
|
£ |
£ |
£ |
|
|
191-193 Western Road |
115,000 |
(115,000) |
0 |
|
|
Schools Capital Maintenance & Accessibility |
805,900 |
165,000 |
970,900 |
|
|
Devolved Formula Capital |
0 |
367,820 |
367,820 |
|
|
TFL Quietways Cyclepath |
0 |
308,820 |
308,820 |
|
|
B707a-c/708/709a-c Wimbledon Way Wayfinding Disks |
0 |
52,000 |
52,000 |
|
|
Total |
920,900 |
778,640 |
1,699,540 |
|
3). approves the virement for £204k for Legal Services from Education to Social Care where this is the more appropriate service area to manage it from.
Report author: Paul Dale
Publication date: 06/07/2016
Date of decision: 04/07/2016
Decided at meeting: 04/07/2016 - Cabinet
Effective from: 12/07/2016
Accompanying Documents:
PDF 576 KB