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Decision details
Financial Monitoring Report 2017-18 - August 2017
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
Purpose:
Provides a summary of the financial position
as at August 2017 including a forecast position a year end and a
forecast position
Decision:
RESOLVED:
1. That the financial reporting data relating to revenue budgetary control, showing a forecast net overspend at year end of £1.9million, 0.4% of the gross budget be noted.
2. That the adjustments to the Capital Programme contained in Appendix 5b to the Cabinet report be noted.
3. That the following adjustments to the Capital Programme be recommended to Council for approval:
|
Scheme |
2017/18 budget |
2018/19 budget |
2019/20 budget |
Narrative |
|
Council and Cabinet approval |
||||
|
Capital bidding fund |
(560,100) |
0 |
|
Virement |
|
Parks – Canons Parks for the People |
180,450 |
1,117,470 |
195,540 |
HLF Funding |
|
Mitcham Area Regeneration – Parks for the People |
638,780 |
2,032,100 |
301,040 |
HLF Funding & Virement |
|
Total |
259,130 |
3,149,570 |
496,580 |
|
4. That the following adjustments to the Capital Programme be approved:
|
Scheme |
2017/18 Budget |
Narrative |
|
Cabinet only approval |
||
|
Morden Park House Courtyard |
125,000 |
£48k Donation and £77k Revenue Contribution |
|
Total |
125,000 |
|
Report author: Zoe Church
Publication date: 18/10/2017
Date of decision: 16/10/2017
Decided at meeting: 16/10/2017 - Cabinet
Effective from: 24/10/2017
Accompanying Documents:
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