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Decision details
Financial Report 2018/19 – August 2018
Decision Maker: Cabinet
Decision status: For Determination
Is Key decision?: No
Is subject to call in?: Yes
Purpose:
This is the financial monitoring report for
period 5, 31st August 2018 presented in line with the financial
reporting timetable
Decision:
RESOLVED:
A. That Cabinet noted the financial reported data relating to revenue budgetary control, showing a forecast net overspend of £2.78million, 0.5% of gross budget.
B. That Cabinet approved the virement of £160k between Parking Services and Future Merton in relation to work related to CPZs.
C. That Cabinet noted the position in respect of the Capital Programme contained in Appendix 5b and approved the adjustments summarised in the Table below:
|
Scheme |
2018/19 Budget |
2019/20 Budget |
Narrative |
|
|
Children, Schools and Families |
||||
|
Cricket Green expansion |
(955,730) |
955,730 |
Reflects the estimated programme post contract award |
|
|
Secondary School Autism Unit (Harris Morden) |
(160,000) |
160,000 |
Reprofiled in accordance with anticipated spend |
|
|
Unallocated SEN (Further SEN provision |
(188,000) |
188,000 |
Reprofiled in accordance with anticipated spend |
|
|
Harris Academy Morden - Expansion |
(143,560) |
143,560 |
Reprofiled in accordance with anticipated spend |
|
|
St Mark’s Academy |
(200,000) |
200,000 |
Reprofiled in accordance with anticipated spend |
|
|
Perseid Expansion |
152,000 |
0 |
Virement to cover additional costs of expansion |
|
|
Harris Academy Wimbledon - Expansion |
(1,142,940) |
771,440 |
Virement to Cover Essential Works at PFI Schools |
|
|
Harris Academy Morden - Essential Wks |
104,000 |
0 |
Virement to Cover Essential Works at PFI Schools |
|
|
Ricards Lodge - Essential Wks |
15,000 |
0 |
Virement to Cover Essential Works at PFI Schools |
|
|
Raynes Park - Essential Wks |
79,000 |
0 |
Virement to Cover Essential Works at PFI Schools |
|
|
Rutlish - Essential Wks |
21,500 |
0 |
Virement to Cover Essential Works at PFI Schools |
|
|
Environment and Regeneration |
||||
|
Bus Priority Scheme |
150,000 |
0 |
New TfL Funding |
|
|
School Keep Clear B750-7 |
190,480 |
£50k S106 remainder virement |
||
|
Fleet Vehicles |
(60,000) |
Virement to School Keep Clear |
||
|
Alley Gating |
(1,510) |
Virement to School Keep Clear |
||
|
Street Trees |
(2,310) |
Virement to School Keep Clear |
||
|
Street Lighting |
(11,210) |
Virement to School Keep Clear |
||
|
Traffic Schemes |
(5,600) |
Virement to School Keep Clear |
||
|
Surface Water Drainage |
(2,700) |
Virement to School Keep Clear |
||
|
Footways |
(18,110) |
Virement to School Keep Clear |
||
|
Anti Skid |
(3,400) |
Virement to School Keep Clear |
||
|
Borough Roads |
(44,710) |
Virement to School Keep Clear |
||
|
Total |
(2,227,800) |
2,418,730 |
||
Report author: Andrew Wood
Publication date: 17/10/2018
Date of decision: 15/10/2018
Decided at meeting: 15/10/2018 - Cabinet
Effective from: 23/10/2018
Accompanying Documents:
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