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Decision details
Financial Monitoring November 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 November 2019
Decision:
RESOLVED:
1. That Cabinet note the financial reporting data for month 8, November 2019, relating to revenue budgetary control, showing a forecast net underspend at year-end of £378k, -0.1% of gross budget.
2. That Cabinet note the contents of Section 4 and the amendments to the Capital Programme contained in Appendix 5b and approve the amendments in the Table below:
|
Scheme |
2019/20 Budget |
2020/21 Budget |
Narrative |
|
Corporate Service |
|
|
|
|
Invest to Save |
(100,000) |
100,000 |
Re-profiled in accordance with projected spend |
|
Planned Replacement Programme – Data Centre |
(150,000) |
150,000 |
Re-profiled in accordance with projected spend |
|
Planned Replacement Programme – Equipment Purchase |
100,000 |
0 |
Vired from Corporate Cap Maint to cover projected costs |
|
Other Buildings – Capital Maintenance |
(100,000) |
0 |
Vired to IT Planned Rep Prog to cover projected costs |
|
Housing Company |
(1,564,460) |
1,564,460 |
Re-profiled in accordance with projected spend |
|
Westminster Coroners Court |
(455,000) |
455,000 |
Re-profiled in accordance with projected spend |
|
Children, Schools and Families |
|
|
|
|
Cricket Green – Capital Maintenance |
102,250 |
0 |
Vired from various Cap Maint Schemes to cover projected costs |
|
Cricket Green Expansion |
(100,000) |
100,000 |
Re-profiled in accordance with projected spend |
|
Environment and Regeneration |
|
|
|
|
Replacement Fleet Vehicles |
(284,000) |
284,000 |
Re-profiled in accordance with projected spend |
|
Highways & Footways – Traffic Schemes |
(100,000) |
100,000 |
Re-profiled in accordance with projected spend |
|
Highways & Footways – Bridges and Structures |
(100,000) |
100,000 |
Re-profiled in accordance with projected spend |
|
Wimbledon Area Regen – Crowded Places/Hostile Vehicle |
(259,030) |
268,000 |
Re-profiled in accordance with projected spend |
|
Borough Regeneration – Haydons Rd Shopfronts |
(204,000) |
204,000 |
Re-profiled in accordance with projected spend |
|
Parks Investment – Canons Parks for the People |
(688,300) |
688,300 |
Re-profiled in accordance with projected spend |
|
Mitcham Area Regen – Canons Parks for the People |
(1,244,290) |
1,244,290 |
Re-profiled in accordance with projected spend |
|
Morden Leisure Centre |
(231,820) |
|
Scheme complete relinquished budget |
|
Sports Facilities – Wimbledon Park Lake |
(1,318,160) |
1,318,160 |
Re-profiled in accordance with projected spend |
|
Parks Investment – Resurface Tennis Courts (Wimb Pk) |
150,440 |
|
Funded by a contribution from a renewal reserve |
|
Total |
(6,546,370) |
6,576,210 |
|
Report author: Roger Kershaw
Publication date: 29/01/2020
Date of decision: 27/01/2020
Decided at meeting: 27/01/2020 - Cabinet
Effective from: 04/02/2020
Accompanying Documents:
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