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Decision details
Financial Monitoring report 2020/21 - July 2020
Decision Maker: Cabinet
Decision status: For Determination
Is Key decision?: No
Is subject to call in?: Yes
Purpose:
To note the Council's financial position for
2020/21 month 4
Decision:
RESOLVED
1. That the financial reporting data for month 4, July 2020, relating to revenue budgetary control, showing a forecast net adverse variance at year end of £22.867m be noted.
2. That the outcome of a review of the Capital Programme and the contents of Section 4 and Appendix 5B be noted and the amendments to the Programme contained in the table below, with the detail of the Neighbourhood CIL projects detailed elsewhere in a report on the Cabinet agenda be approved.
|
|
Budget 2020-21 |
Budget 2021-22 |
Budget 2022-23 |
Budget 2023-24 |
Narrative |
|
|
£ |
£ |
£ |
£ |
|
|
Corporate Services |
|
|
|
|
|
|
Compulsory Purchase Order – Clarion* |
4,079,460 |
3,143,570 |
0 |
0 |
Fully funded by Clarion |
|
Children, Schools and Families |
|
|
|
|
|
|
Unallocated – Capital Maintenance |
446,750 |
0 |
0 |
0 |
Additional Central Government Grant net of Review Reduction |
|
Environment and Regeneration |
|
|
|
|
|
|
Hartfield Walk Public Realm |
125,000 |
|
|
|
New NCIL Scheme “Love Wimbledon” |
|
Polka Theatre |
150,000 |
|
|
|
NCIL Contribution to Construction Project |
|
Haydons Rd Shop Front Improvement |
257,580 |
|
|
|
NCIL Grant |
|
Canons Parks for the People – Regeneration |
533,020 |
(533,020) |
|
|
Re-profiled to match projected spend |
|
Pollards Hill Lighting |
100,000 |
|
|
|
NCIL Grant |
|
Total |
5,691,810 |
2,610,550 |
0 |
0 |
|
*Please note that this will require Council approval
3. That finance officers 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: 09/09/2020
Date of decision: 07/09/2020
Decided at meeting: 07/09/2020 - Cabinet
Effective from: 15/09/2020
Accompanying Documents:
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