Navigation
Decision details
Financial Monitoring Report 2017-18 - November 2017
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
Purpose:
Provides a summary of the financial position
as at November 2017 including a forecast position a year end and a
forecast position
Decision:
RESOLVED:
1. That the financial reporting data relating to revenue budgetary control, showing a forecast net overspend at year end of £1.1million, 0.3% of the gross budget be noted.
2. That the adjustments to the Capital Programme contained in Appendix 5b to the Cabinet report be noted and the following adjustments to the Capital Programme be approved:
|
Scheme |
2017/18 Budget |
2018/19 Budget |
2019/20 Budget |
2020/21 Budget |
Funding/Re-profiling |
|
Corporate Services |
£ |
£ |
|
|
|
|
Westminster Council Coroners Court |
0 |
460,000 |
0 |
0 |
New Scheme Merton Funded |
|
Housing Company |
(8,238,530) |
1,486,190 |
4,942,360 |
1,809,980 |
Re-profiling |
|
Bidding Fund |
(1,216,400) |
1,216,400 |
0 |
0 |
Re-profiling |
|
Acquisitions Budget |
(791,770) |
791,770 |
0 |
0 |
Re-profiling |
|
Children, Schools and Families |
|
|
|
|
|
|
Harris Academy Morden |
(50,000) |
(1,349,940) |
1,399,940 |
0 |
Re-profiling |
|
Harris Academy Merton |
(220,000) |
220,000 |
|
|
Re-profiling |
|
St Mark's Academy |
0 |
(1,423,600) |
(1,128,700) |
2,552,300 |
Re-profiling |
|
New School |
(566,260) |
266,260 |
300,000 |
0 |
Re-profiling |
|
Environment & Regeneration |
|
|
|
|
|
|
Wimbledon Park Lake De-Silting |
(106,500) |
(1,143,500) |
1,250,000 |
0 |
Re-profiling |
|
Morden Leisure Centre |
(705,360) |
632,960 |
72,400 |
0 |
Re-profiling |
|
Fleet Vehicles |
(142,000) |
142,000 |
0 |
0 |
Re-profiling |
|
Merton Priory Chapter House Visitors' Centre |
370,370 |
0 |
0 |
0 |
HLF/S106 Funded Scheme |
|
Total |
(11,666,450) |
1,298,540 |
6,836,000 |
4,362,280 |
|
3. That £170,540 Section 106 funding for Merton Priory Chapter House Visitor Centre for 2017/18 be approved.
Report author: Zoe Church
Publication date: 17/01/2018
Date of decision: 15/01/2018
Decided at meeting: 15/01/2018 - Cabinet
Effective from: 23/01/2018
Accompanying Documents:
PDF 639 KB