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Decision details
Financial Monitoring report 2020/21 - September 2020
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
Purpose:
To note the Council's financial position for
2020/21 month 6.
Decision:
RESOLVED:
A. Thatthefinancialreportingdatafor month 6, September2020,relatingto revenuebudgetarycontrol,showinga forecastnet adverse varianceat year-endof £10.7m be noted.
B. That the contents of section 4 of the report be noted and the adjustments to the Capital Programme in Appendix 5b be approved.
That the contents of Section 4 and Appendix 5b of the report be noted and the amendments to the Programme contained in the Table below be approved:
|
|
Budget |
Budget |
Budget |
Narrative |
|
Corporate Services |
£ |
£ |
£ |
|
|
Invest to Save |
(140,000) |
|
|
Budget relinquished as struggling to spend |
|
Community and Housing |
||||
|
Disabled Facilities Grant |
(187,000) |
|
187,000 |
Re-profiled Budget |
|
Children, Schools and Families |
||||
|
Melrose Primary SEMH annexe 16 |
35,950 |
89,050 |
|
Virement from Harris Wimb & Fur. SEN Prov |
|
Melrose S'dary SEMH 14 Places |
|
125,000 |
|
Virement from Harris Wimb |
|
Harris Academy Wimbledon |
|
(150,000) |
|
Virement to Prim & Sec SEMH |
|
Further SEN Provision |
(35,950) |
(64,050) |
|
Virement to Secondary SEMH |
|
Environment and Regeneration |
||||
|
Culverts |
(258,120) |
258,120 |
|
Budget re-profile to match projected spend |
|
Merton Lost Rivers |
(100,000) |
|
100,000 |
Budget re-profile to match projected spend |
|
Beddington Lane Cycle Scheme |
104,000 |
|
|
Additional TfL Grant added to Section 106 Funding |
|
ANPR Cameras Supporting Enforcement of School Streets |
486,000 |
|
|
SCIL Funded Scheme |
|
Street Lighting Wimbledon |
150,000 |
670,000 |
|
SCIL Funded Scheme |
|
Haydons Road Public Realm Improvements |
50,000 |
350,000 |
|
SCIL Funded Scheme |
|
Rowan Park Community Facility Match Funding |
150,000 |
|
|
SCIL Funded Scheme |
|
Bishopsford Bridge |
802,800 |
512,000 |
|
SCIL Funded Scheme |
|
Cycle Lane&Roadway Bishopsford Bridge |
20,000 |
130,000 |
|
SCIL Funded Scheme |
|
Morden Town Centre Improvements |
100,000 |
200,000 |
|
NCIL Funded Scheme |
|
Crown Creative Knowlwdge Rxchange |
150,000 |
|
|
SCIL Funded Scheme |
|
Total |
1,327,680 |
2,120,120 |
287,000 |
|
C. That finance officers will continue to work with budget managers to identify further re-profiling and savings throughout the approved capital programme 2020-24.
Report author: Roger Kershaw
Publication date: 11/11/2020
Date of decision: 09/11/2020
Decided at meeting: 09/11/2020 - Cabinet
Effective from: 17/11/2020
Accompanying Documents:
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