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Financial Monitoring Report 2017-18 - October 2017
Meeting: 11/12/2017 - Cabinet (Item 11)
11 Financial Monitoring Report 2017-18 - October 2017 
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Decision:
RESOLVED
1. That the financial reporting data relating to revenue budgetary control, showing a forecast net overspend at year end of £1.4million, 0.3% of the gross budget be noted.
2. That the adjustments to the Capital Programme contained in Appendix 5b be noted.
3. That Cabinet approve the following adjustments to the Capital Programme
|
Scheme |
2017/18 Budget |
2018/19 Budget |
Funding/re-profiling |
|
Community & Housing |
£ |
£ |
|
|
Libraries IT |
(100,000) |
100,000 |
Re-profiled in accordance with tender process |
|
Environment & Regeneration |
|
|
|
|
Morden TFL |
(200,000) |
0 |
It is envisaged that this allocation will form part of later years funding still to be approved by TfL |
|
Total |
(300,000) |
100,000 |
|
Please note: Colliers Wood Financial Lease was presented to Council for approval on 22/11/17 so will only require to be noted by Cabinet.
Minutes:
The Cabinet Member for Finance presented the report, thanking all those involved in collating the monitoring information which was important in effective financial and service planning.
RESOLVED
1. That the financial reporting data relating to revenue budgetary control, showing a forecast net overspend at year end of £1.4million, 0.3% of the gross budget be noted.
2. That the adjustments to the Capital Programme contained in Appendix 5b be noted.
3. That Cabinet approve the following adjustments to the Capital Programme
|
Scheme |
2017/18 Budget |
2018/19 Budget |
Funding/re-profiling |
|
Community & Housing |
£ |
£ |
|
|
Libraries IT |
(100,000) |
100,000 |
Re-profiled in accordance with tender process |
|
Environment & Regeneration |
|
|
|
|
Morden TFL |
(200,000) |
0 |
It is envisaged that this allocation will form part of later years funding still to be approved by TfL |
|
Total |
(300,000) |
100,000 |
|
Please note: Colliers Wood Financial Lease was presented to Council for approval on 22/11/17 so will only require to be noted by Cabinet.