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Financial Monitoring report 2020/21 - July 2020
Meeting: 07/09/2020 - Cabinet (Item 13)
13 Financial Monitoring report 2020/21 - July 2020 
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Decision:
RESOLVED
1. That the financial reporting data for month 4, July 2020, relating to revenue budgetary control, showing a forecast net adverse variance at year end of £22.867m be noted.
2. 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, with the detail of the Neighbourhood CIL projects detailed elsewhere in a report on the Cabinet agenda be approved.
|
|
Budget 2020-21 |
Budget 2021-22 |
Budget 2022-23 |
Budget 2023-24 |
Narrative |
|
|
£ |
£ |
£ |
£ |
|
|
Corporate Services |
|
|
|
|
|
|
Compulsory Purchase Order – Clarion* |
4,079,460 |
3,143,570 |
0 |
0 |
Fully funded by Clarion |
|
Children, Schools and Families |
|
|
|
|
|
|
Unallocated – Capital Maintenance |
446,750 |
0 |
0 |
0 |
Additional Central Government Grant net of Review Reduction |
|
Environment and Regeneration |
|
|
|
|
|
|
Hartfield Walk Public Realm |
125,000 |
|
|
|
New NCIL Scheme “Love Wimbledon” |
|
Polka Theatre |
150,000 |
|
|
|
NCIL Contribution to Construction Project |
|
Haydons Rd Shop Front Improvement |
257,580 |
|
|
|
NCIL Grant |
|
Canons Parks for the People – Regeneration |
533,020 |
(533,020) |
|
|
Re-profiled to match projected spend |
|
Pollards Hill Lighting |
100,000 |
|
|
|
NCIL Grant |
|
Total |
5,691,810 |
2,610,550 |
0 |
0 |
|
*Please note that this will require Council approval
3. That finance officers continue to work with budget managers to identify further re-profiling and savings throughout the approved capital programme 2020-24.
Minutes:
The item was presented together with the previous two items and the minute is set out at item 11.
RESOLVED
1. That the financial reporting data for month 4, July 2020, relating to revenue budgetary control, showing a forecast net adverse variance at year end of £22.867m be noted.
2. 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, with the detail of the Neighbourhood CIL projects detailed elsewhere in a report on the Cabinet agenda be approved.
|
|
Budget 2020-21 |
Budget 2021-22 |
Budget 2022-23 |
Budget 2023-24 |
Narrative |
|
|
£ |
£ |
£ |
£ |
|
|
Corporate Services |
|
|
|
|
|
|
Compulsory Purchase Order – Clarion* |
4,079,460 |
3,143,570 |
0 |
0 |
Fully funded by Clarion |
|
Children, Schools and Families |
|
|
|
|
|
|
Unallocated – Capital Maintenance |
446,750 |
0 |
0 |
0 |
Additional Central Government Grant net of Review Reduction |
|
Environment and Regeneration |
|
|
|
|
|
|
Hartfield Walk Public Realm |
125,000 |
|
|
|
New NCIL Scheme “Love Wimbledon” |
|
Polka Theatre |
150,000 |
|
|
|
NCIL Contribution to Construction Project |
|
Haydons Rd Shop Front Improvement |
257,580 |
|
|
|
NCIL Grant |
|
Canons Parks for the People – Regeneration |
533,020 |
(533,020) |
|
|
Re-profiled to match projected spend |
|
Pollards Hill Lighting |
100,000 |
|
|
|
NCIL Grant |
|
Total |
5,691,810 |
2,610,550 |
0 |
0 |
|
*Please note that this will require Council approval
3. That finance officers continue to work with budget managers to identify further re-profiling and savings throughout the approved capital programme 2020-24.