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Decision details
Financial Monitoring report 2020/21 - August 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 5.
Decision:
RESOLVED:
A. That Cabinet noted the financial reporting data for month 5, August 2020, relating to revenue budgetary control, showing a forecast net adverse variance at year-end of £15.954m.
B. That Cabinet noted the outcome of a review of the Capital Programme and the contents of Section 4 and Appendix 5B and approve the amendments to the Programme contained in the Table below:
|
|
Budget 2020-21 |
Budget 2021-22 |
Narrative |
|
Corporate Services |
|
|
|
|
Customer Contact |
(500,000) |
500,000 |
Re-profiled Budget |
|
Children, Schools and Families |
|
|
|
|
Pollards Hill Digital Divide |
10,000 |
170,000 |
SCIL Funding 20-21 Bidding Round |
|
Environment and Regeneration |
|
|
|
|
Morden Rec Hockey Pitch |
0 |
135,000 |
SCIL Funding 20-21 Bidding Round |
|
Cycle Lane Works Plough Lane |
220,000 |
0 |
SCIL Funding 20-21 Bidding Round |
|
Morden TC Regen Match Funding |
(150,000) |
150,000 |
Re-profiling in line with projected spend |
|
Total |
(400,000) |
955,000 |
|
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.
D. That Cabinet approved a virement of £1,763k between heads of services within Community & Housing to align salaries budgets.
Report author: Roger Kershaw
Publication date: 14/10/2020
Date of decision: 12/10/2020
Decided at meeting: 12/10/2020 - Cabinet
Effective from: 20/10/2020
Accompanying Documents:
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