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Financial Monitoring report 2020/21 - June 2020
Meeting: 07/09/2020 - Cabinet (Item 12)
12 Financial Monitoring report 2020/21 - June 2020 
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Decision:
RESOLVED
1. That the financial reporting data for month 3, June 2020, relating to revenue budgetary control, showing a forecast net adverse variance at year-end of £23.7m be noted.
2. That the contents of Section 4 be noted and the amendments to the Capital Programme contained in Appendix 5B of the report be approved.
That the outcome of a review of the Capital Programme and the contents of Section 4 and Appendix 5B be noted and the amendments to the Programme contained in the table below be approved:
|
|
Budget 2020-21 |
Budget 2021-22 |
Budget 2022-23 |
Budget 2023-24 |
Narrative |
|
- |
£ |
£ |
£ |
£ |
|
|
Corporate Services |
|
|
|
|
|
|
Customer Contact Programme |
(350,000) |
(400,000) |
0 |
0 |
Relinquished budget |
|
Capital Building Works |
(175,420) |
0 |
0 |
0 |
Relinquished budget |
|
Replacement Boilers |
(267,200) |
267,200 |
0 |
0 |
Re-profiled from 2020-21 to 2021-22 |
|
Civic Centre lighting upgrade |
|
(300,000) |
300,000 |
0 |
Re-profiled from 2021-22 to 2022-23 |
|
Planning and Public Protection |
0 |
0 |
0 |
(550,000) |
Relinquished budget |
|
School Admissions System |
(125,000) |
0 |
125,000 |
0 |
Re-profiled from 2020-21 to 2022-23 |
|
Youth Justice System |
(100,000) |
100,000 |
0 |
0 |
Re-profiled from 2020-21 to 2021-22 |
|
Multi Function Device |
(330,000) |
0 |
0 |
0 |
Relinquished budget |
|
IT Equipment |
0 |
(100,000) |
(100,000) |
0 |
Relinquished budget |
|
Capital Bidding Fund |
0 |
0 |
0 |
(186,400) |
Relinquished budget |
|
Community and Housing |
|
|
|
|
|
|
Learning Disability Housing |
(138,000) |
138,000 |
|
|
Re-profiled from 2020-21 to 2021-22 |
|
Environment and Regeneration |
|
|
|
|
|
|
Car Park Upgrades |
(264,000) |
264,000 |
0 |
0 |
Re-profiled from 2020-21 to 2021-22 |
|
Replacement of Fleet Vehicles |
(116,800) |
116,800 |
0 |
0 |
Re-profiled from 2020-21 to 2021-22 |
|
Highway Bridges and Structures |
(150,000) |
150,000 |
0 |
0 |
Re-profiled from 2020-21 to 2021-22 |
|
Morden Town Centre Regeneration |
(50,000) |
(460,000) |
108,000 |
402,000 |
Re-profiled from 2020-21 onwards |
|
Canons Parks for the People |
178,770 |
(178,770) |
|
|
Re-profiled from 2021-22 to 2020-21 |
|
Paddling Pool – Option 2 |
(113,000) |
113,000 |
0 |
0 |
Re-profiled from 2020-21 to 2021-22 |
|
Total |
(2,000,650) |
(289,770) |
433,000 |
(334,400) |
|
3. That finance officers continue to work with budget managers to identify further re-profiling and savings throughout the approved programme 2020-24.
Minutes:
The item was presented together with the previous item and the minute is set out at item 11.
RESOLVED
1. That the financial reporting data for month 3, June 2020, relating to revenue budgetary control, showing a forecast net adverse variance at year-end of £23.7m be noted.
2. That the contents of Section 4 be noted and the amendments to the Capital Programme contained in Appendix 5B of the report be approved.
That the outcome of a review of the Capital Programme and the contents of Section 4 and Appendix 5B be noted and the amendments to the Programme contained in the table below be approved:
|
|
Budget 2020-21 |
Budget 2021-22 |
Budget 2022-23 |
Budget 2023-24 |
Narrative |
|
- |
£ |
£ |
£ |
£ |
|
|
Corporate Services |
|
|
|
|
|
|
Customer Contact Programme |
(350,000) |
(400,000) |
0 |
0 |
Relinquished budget |
|
Capital Building Works |
(175,420) |
0 |
0 |
0 |
Relinquished budget |
|
Replacement Boilers |
(267,200) |
267,200 |
0 |
0 |
Re-profiled from 2020-21 to 2021-22 |
|
Civic Centre lighting upgrade |
|
(300,000) |
300,000 |
0 |
Re-profiled from 2021-22 to 2022-23 |
|
Planning and Public Protection |
0 |
0 |
0 |
(550,000) |
Relinquished budget |
|
School Admissions System |
(125,000) |
0 |
125,000 |
0 |
Re-profiled from 2020-21 to 2022-23 |
|
Youth Justice System |
(100,000) |
100,000 |
0 |
0 |
Re-profiled from 2020-21 to 2021-22 |
|
Multi Function Device |
(330,000) |
0 |
0 |
0 |
Relinquished budget |
|
IT Equipment |
0 |
(100,000) |
(100,000) |
0 |
Relinquished budget |
|
Capital Bidding Fund |
0 |
0 |
0 |
(186,400) |
Relinquished budget |
|
Community and Housing |
|
|
|
|
|
|
Learning Disability Housing |
(138,000) |
138,000 |
|
|
Re-profiled from 2020-21 to 2021-22 |
|
Environment and Regeneration |
|
|
|
|
|
|
Car Park Upgrades |
(264,000) |
264,000 |
0 |
0 |
Re-profiled from 2020-21 to 2021-22 |
|
Replacement of Fleet Vehicles |
(116,800) |
116,800 |
0 |
0 |
Re-profiled from 2020-21 to 2021-22 |
|
Highway Bridges and Structures |
(150,000) |
150,000 |
0 |
0 |
Re-profiled from 2020-21 to 2021-22 |
|
Morden Town Centre Regeneration |
(50,000) |
(460,000) |
108,000 |
402,000 |
Re-profiled from 2020-21 onwards |
|
Canons Parks for the People |
178,770 |
(178,770) |
|
|
Re-profiled from 2021-22 to 2020-21 |
|
Paddling Pool – Option 2 |
(113,000) |
113,000 |
0 |
0 |
Re-profiled from 2020-21 to 2021-22 |
|
Total |
(2,000,650) |
(289,770) |
433,000 |
(334,400) |
|
3. That finance officers continue to work with budget managers to identify further re-profiling and savings throughout the approved programme 2020-24.