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Issue - meetings
Financial Report 2018/19 – November 2018
Meeting: 14/01/2019 - Cabinet (Item 9)
9 Financial Report 2018/19 – November 2018 
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Decision:
RESOLVED:
A. That Cabinet noted the financial reporting data relating to revenue budgetary control, showing a forecast net overspend at year end of £0.215 million, 0.04% of gross budget.
B. That Cabinet noted the adjustments to the Capital Programme contained in Appendix 5b and approved the items in the Table below:
|
Scheme |
2018/19 Budget |
2019/20 Budget |
Narrative |
|
Corporate Service |
|
|
|
|
Housing Company |
(439,000) |
439,000 |
Re-profiled in accordance with projected spend |
|
Parking System |
(106,000) |
106,000 |
Re-profiled in accordance with projected spend |
|
Community and Housing |
|
|
|
|
Disabled Facilities Grant |
102,320 |
0 |
2018-19 Budget based on projected spend at year end |
|
Children, Schools and Families |
|
|
|
|
Healthy Schools |
(188,630) |
188,630 |
Re-profiled in accordance with projected spend |
|
Harris Academy Wimbledon |
(209,500) |
209,500 |
Re-profiled in accordance with projected spend |
|
Capital Loans to Schools |
(108,900) |
108,900 |
Re-profiled in accordance with projected spend |
|
Environment and Regeneration |
|
|
|
|
Wimbledon Lake De-Silting |
(73,500) |
117,290 |
Re-profiled in accordance with projected spend |
|
Morden Leisure Centre |
(338,830) |
338,830 |
Re-profiled in accordance with projected spend |
|
Waste Bins |
(789,270) |
789,270 |
Re-profiled in accordance with projected spend |
|
Highways bridges & structures |
(310,000) |
310,000 |
Funding no longer required, residual spend in revenue |
|
Total |
(2,461,310) |
2,607,420 |
|
Minutes:
The Deputy Leader and Cabinet Member for Finance presented the report, thanking Finance staff for their highly valued work and advising that the latest update was relatively positive with the budget projected spend close to being achieved, with a slight overspend of 0.04%.
The Director for Corporate Services noted that there had been progress in addressing the overspend in the Community and Housing Budget however this was being closely monitored.
RESOLVED:
A. That Cabinet noted the financial reporting data relating to revenue budgetary control, showing a forecast net overspend at year end of £0.215 million, 0.04% of gross budget.
B. That Cabinet noted the adjustments to the Capital Programme contained in Appendix 5b and approved the items in the Table below:
|
Scheme |
2018/19 Budget |
2019/20 Budget |
Narrative |
|
Corporate Service |
|
|
|
|
Housing Company |
(439,000) |
439,000 |
Re-profiled in accordance with projected spend |
|
Parking System |
(106,000) |
106,000 |
Re-profiled in accordance with projected spend |
|
Community and Housing |
|
|
|
|
Disabled Facilities Grant |
102,320 |
0 |
2018-19 Budget based on projected spend at year end |
|
Children, Schools and Families |
|
|
|
|
Healthy Schools |
(188,630) |
188,630 |
Re-profiled in accordance with projected spend |
|
Harris Academy Wimbledon |
(209,500) |
209,500 |
Re-profiled in accordance with projected spend |
|
Capital Loans to Schools |
(108,900) |
108,900 |
Re-profiled in accordance with projected spend |
|
Environment and Regeneration |
|
|
|
|
Wimbledon Lake De-Silting |
(73,500) |
117,290 |
Re-profiled in accordance with projected spend |
|
Morden Leisure Centre |
(338,830) |
338,830 |
Re-profiled in accordance with projected spend |
|
Waste Bins |
(789,270) |
789,270 |
Re-profiled in accordance with projected spend |
|
Highways bridges & structures |
(310,000) |
310,000 |
Funding no longer required, residual spend in revenue |
|
Total |
(2,461,310) |
2,607,420 |
|