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Decision details
Financial Monitoring July 2019
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
This report presents the financial position
for the authority as at July 2019
Decision:
RESOLVED
A. That financial reporting data relating to revenue budgetary control, showing a forecast net overspend at year end of £0.2 million, 0.04% of gross budget be noted.
B. That the contents of Section 4 of the report be noted and the amendments below be approved:
|
Scheme |
Budget 2019/20 |
Budget 2020/21 |
Narrative |
|
Corporate Services |
|
|
|
|
Revenues and Benefits |
(400,000) |
400,000 |
Re-profile from 2019/20 to 2020/21 |
|
Planning and Public Protection |
(199,950) |
199,950 |
Re-profile from 2019/20 to 2020/21 |
|
Housing Company |
(20,000,000) |
20,000,000 |
Re-profiling of Housing Company projected spend |
|
Customer Contact |
(1,200,000) |
1,200,000 |
Re-profiling in accordance with projected spend |
|
Children, Schools and Families |
|
|
|
|
Perseid Capital Maintenance |
(177,000) |
|
Virement to cover projected higher cost of scheme |
|
Further unallocated SEN budget |
(188,020) |
188,020 |
Re-profiled in accordance with spend |
|
Environment and Regeneration |
|
|
|
|
Haydons Road Shop Front Improvement |
224,000 |
|
Neighbourhood CIL funded scheme |
|
Mitcham Town Centre |
(430,620) |
425,000 |
£425k re-profiled to 19-20, £5.6k LIP Funding Relinquished |
|
Sports facilities – Wimbledon Park Lake de-silting |
(1,393,160) |
|
Money being vired to cover priority scheme on the lake |
|
Sports facilities – Wimbledon Park Lake reservoir safety* |
1,393,160 |
|
Money required to cover statutory obligations |
|
Total |
(22,371,590) |
22,412,970 |
|
*The Wimbledon Park Lake Reservoir Safety scheme will require Council Approval
C. That £170,860 from the Outstanding Council Programme Board (OCPB) Reserve be approved for further integration work between the Council’s CRM system and the Council’s street cleansing and waste collection provider’s system (ECHO).
Report author: Roger Kershaw
Publication date: 23/09/2019
Date of decision: 19/09/2019
Decided at meeting: 19/09/2019 - Cabinet
Effective from: 27/09/2019
Accompanying Documents:
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