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Decision details
Financial Monitoring report 2020/21 - October 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 7.
Decision:
RESOLVED:
A. Thatthefinancialreportingdatafor month 7, October2020,relatingto revenuebudgetarycontrol,showinga forecastnet adverse varianceat year-endof £8.2m 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 |
£ |
£ |
£ |
|
|
Customer Contact |
(217,800) |
217,800 |
|
Reprofiled in line with projected spend |
|
Planning and Public Protection |
(340,710) |
340,710 |
|
Reprofiled in line with projected spend |
|
Invest to Save General |
(198,140) |
198,140 |
|
Reprofiled in line with projected spend |
|
Housing Company |
(6,000,000) |
|
6,000,000 |
Reprofiled in line with projected spend |
|
Children, Schools and Families |
|
|
|
|
|
Links Capital Maintenance |
(137,000) |
137,000 |
|
Reprofiled in line with projected spend |
|
Unallocated Capital Maintenance |
(694,250) |
605,360 |
|
Three virements and Reprofiled in line with projected spend |
|
Perseid Capital Maintenance |
(106,840) |
106,840 |
|
Reprofiled in line with projected spend |
|
Melrose SEMH |
77,440 |
997,560 |
|
Primary/Secondary SEMH Merged and reprofiled on this Scheme |
|
Melrose Primary SEMH (Merging Schemes) |
(200,000) |
(875,000) |
|
Primary/Secondary SEMH Merged with Scheme above |
|
Environment and Regeneration |
|
|
|
|
|
Haydons Road Shop Front Improvements |
(481,580) |
481,580 |
|
Reprofiled in line with projected spend |
|
Wimbledon Park Lake Safety |
(150,000) |
150,000 |
|
Reprofiled in line with projected spend |
|
Leisure Centres Plant and Machinery |
(240,000) |
160,000 |
|
Reprofiled in line with projected spend & £80k Relinquished |
|
Total |
(8,688,880) |
2,519,990 |
6,000,000 |
|
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 £129,000 from the Outstanding Council Programme Board (OCPB) Reserve as part of the Recovery and Modernisation Programme - for an interim CSF Change Programme Manager (£79,000) and MVSC transformational resource (£50,000) be approved. This is in addition to £40,000 already drawn down from the same reserve to fund an external IT review.
Report author: Roger Kershaw
Publication date: 09/12/2020
Date of decision: 07/12/2020
Decided at meeting: 07/12/2020 - Cabinet
Effective from: 15/12/2020
Accompanying Documents:
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