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Decision details
October Financial Monitoring Report
Decision Maker: Cabinet
Decision status: For Determination
Is Key decision?: No
Is subject to call in?: Yes
Purpose:
To review the financial position of the
authority and adjust financial information as appropriate
Decision:
RESOLVED:
A. That Cabinet noted the financial reporting data for month 7, October 2022, relating to revenue budgetary control, showing a forecast net adverse variance at 31 October on service expenditure of £0.989m when corporate and funding items are included. B. That Cabinet noted the contents of Section 5 and Appendix 5b of the report and approved the adjustments to the Capital Programme in the Table below:
|
|
Budget 2022-23 |
Budget 2023-24 |
Budget 2024- 25 |
Budget 2025-26 |
Narrative |
|
CorporateServices |
£ |
£ |
£ |
£ |
|
|
Works to Other Buildings- BoilerReplacement |
(367,150) |
|
|
|
Virement& Reprofiled in linewith projectedspend |
|
CivicCentre- Comb.Heatand& Power System Replacement |
|
450,000 |
|
|
BudgetRelinquished asscheme willnotprovide value for money |
|
CivicCentre- AbsorptionChillerReplacement |
|
275,000 |
|
|
BudgetRelinquished asscheme willnotprovide value for money |
|
Westminster CoronersCourt |
(273,260) |
|
|
|
Virementin linewith projected spend and increased by £106k |
|
CommunityandHousing |
|
|
|
|
|
|
LibrariesIT- Library ManagementSystem |
|
(140,000) |
140,000 |
|
Reprofiled in linewith projectedspend |
|
Children,SchoolsandFamilies |
|
|
|
|
|
|
WestWimbledon- SchoolsCapital Maintenance |
(18,610) |
|
|
|
Virement& Reprofiled in linewith projectedspend |
|
Wimbledon Chase- SchoolsCapitalMaintenance |
90,000 |
|
|
|
Virementin linewith projected spend |
|
Links- SchoolsCapitalMaintenance |
(32,850) |
|
|
|
Virement& Reprofiled in linewith projectedspend |
|
Singlegate- SchoolsCapital Maintenance |
(40,000) |
|
|
|
Virementin linewith projected spend |
|
StMarks-Schools Capital Maintenance |
(50,000) |
|
|
|
Virementin linewith projected spend |
|
WilliamMorris- Schools Capital Maintenance |
11,000 |
|
|
|
Virementin linewith projected spend |
|
Unallocated- SchoolsCapitalMaintenance |
|
65,750 |
|
|
Virement& Reprofiled in linewith projectedspend |
|
RaynesPark- SchoolsCapitalMaintenance |
(11,000) |
|
|
|
Virementin linewith projected spend |
|
Ricards Lodge- Schools Capital Maintenance |
(6,410) |
|
|
|
Virement& Reprofiled in linewith projectedspend |
|
Rutlish- Schools Capital Maintenance |
(7,880) |
|
|
|
Virement& Reprofiled in linewith projectedspend |
|
MainstreamSEN (ARP)-RaynesParkSchool Expansion 1 |
(15,000) |
15,000 |
|
|
Virement& Reprofiled in linewith projectedspend |
|
PerseidLower- PerseidSchoolExpansion |
(50,000) |
50,000 |
|
|
Virement& Reprofiled in linewith projectedspend |
|
OnStreet Parking- P&D- -Pay and Display Machines |
(106,780) |
106,780 |
|
|
Reprofiled in linewith projectedspend |
|
OnStreet Parking- P&D- ANPRCamerasAir Quality ... |
(86,000) |
|
|
|
Car mounted Camerasnotcosteffective postcovid |
|
Off Street Parking - P&D -Car ParkUpgrades |
(544,510) |
544,510 |
|
|
Reprofiled in linewith projectedspend |
|
Off Street Parking - PeelHouseCar Park |
(700,000) |
700,000 |
|
|
Reprofiled in linewith projectedspend |
|
CCTVInvestment- DarkFibre |
|
172,500 |
|
|
Reprofiled in linewith projectedspend- New Project 23-24 |
|
CCTVInvestment-CCTV Business Continuity & Resilience |
(172,500) |
|
|
|
Reprofiled in linewith projectedspend |
|
FleetVehicles- Replacementof Fleet Vehicles |
(748,470) |
|
|
|
Reprofiled in linewith projectedspend |
|
Highways& Footways- AFCWimbledon CCTV |
(4,640) |
|
|
|
BudgetRelinquished- scheme finished |
|
Highways& Footways- Vivacity Monitors |
39,180 |
|
|
|
New S 106 Funding |
|
CycleRouteImprovements - Cycle Access/Parking |
34,000 |
|
|
|
AdditionalTfL Funding |
|
CycleRouteImprovements - Cycling ImprovementsResidential Streets |
125,000 |
|
|
|
AdditionalTfL Funding |
|
MitchamAreaRegeneration-RowanPark Community Facility MatchFunding |
(150,000) |
150,000 |
|
|
Reprofiled in linewith projectedspend |
|
MordenAreaRegeneration- Morden TCRegen MatchFunding |
|
(2,000,000) |
|
2,000,000 |
Reprofiled to 2025-26 |
|
Wimbledon Park LakeandWaters-Water Sports Fleet |
10,000 |
|
|
(10,000) |
Reprofiled in linewith projectedspend |
|
Parks- New WimbledonParkWaterPlayFeature |
|
|
183,000 |
|
ReinstatedBudget funded fromSCIL |
|
Total |
(3,075,880) |
389,540 |
323,000 |
1,990,000 |
|
Report author: Ellis Kelly
Publication date: 07/12/2022
Date of decision: 05/12/2022
Decided at meeting: 05/12/2022 - Cabinet
Effective from: 13/12/2022
Accompanying Documents:
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