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Decision details

Financial Report 2018/19 – August 2018

Decision Maker: Cabinet

Decision status: For Determination

Is Key decision?: No

Is subject to call in?: Yes

Purpose:

This is the financial monitoring report for period 5, 31st August 2018 presented in line with the financial reporting timetable

Decision:

RESOLVED:

A.   That Cabinet noted the financial reported data relating to revenue budgetary control, showing a forecast net overspend of £2.78million, 0.5% of gross budget.

B.   That Cabinet approved the virement of £160k between Parking Services and Future Merton in relation to work related to CPZs.

C.   That Cabinet noted the position in respect of the Capital Programme contained in Appendix 5b and approved the adjustments summarised in the Table below:

 

 

 Scheme

2018/19 Budget

2019/20 Budget

Narrative

Children, Schools and Families

Cricket Green expansion

(955,730)

955,730

Reflects the estimated programme post contract award

Secondary School Autism Unit (Harris Morden)

(160,000)

160,000

Reprofiled in accordance with anticipated spend

Unallocated SEN (Further SEN provision

(188,000)

188,000

Reprofiled in accordance with anticipated spend

Harris Academy Morden - Expansion

(143,560)

143,560

Reprofiled in accordance with anticipated spend

St Mark’s Academy

(200,000)

200,000

Reprofiled in accordance with anticipated spend

Perseid Expansion

152,000

0

Virement to cover additional costs of expansion

Harris Academy Wimbledon - Expansion

(1,142,940)

771,440

Virement to Cover Essential Works at PFI Schools

Harris Academy Morden - Essential Wks

104,000

0

Virement to Cover Essential Works at PFI Schools

Ricards Lodge - Essential Wks

15,000

0

Virement to Cover Essential Works at PFI Schools

Raynes Park - Essential Wks

79,000

0

Virement to Cover Essential Works at PFI Schools

Rutlish - Essential Wks

21,500

0

Virement to Cover Essential Works at PFI Schools

Environment and Regeneration

Bus Priority Scheme

150,000

0

New TfL Funding

School Keep Clear B750-7

190,480

£50k S106 remainder virement

Fleet Vehicles

(60,000)

Virement to School Keep Clear

Alley Gating

(1,510)

Virement to School Keep Clear

Street Trees

(2,310)

Virement to School Keep Clear

Street Lighting

(11,210)

Virement to School Keep Clear

Traffic Schemes

(5,600)

Virement to School Keep Clear

Surface Water Drainage

(2,700)

Virement to School Keep Clear

Footways

(18,110)

Virement to School Keep Clear

Anti Skid

(3,400)

Virement to School Keep Clear

Borough Roads

(44,710)

Virement to School Keep Clear

Total

(2,227,800)

2,418,730

 

Report author: Andrew Wood

Publication date: 17/10/2018

Date of decision: 15/10/2018

Decided at meeting: 15/10/2018 - Cabinet

Effective from: 23/10/2018

Accompanying Documents: