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Issue - meetings
Financial Monitoring report 2020/21 - December 2020
Meeting: 08/02/2021 - Cabinet (Item 4)
4 Financial Monitoring report 2020/21 - December 2020 
PDF 546 KB
Additional documents:
- Appendix 6 - Period 9 Progress on savings 20-21, item 4
PDF 148 KB
- Appendix 7 - P9 Progress on savings 2019-20 Red only, item 4
PDF 69 KB
- Appendix 8 - P9 Debt Report Dec 2020 - with Reason for Urgency, item 4
PDF 100 KB
Decision:
RESOLVED:
1. Thatthefinancialreportingdatafor month 9, December 2020,relatingto revenuebudgetarycontrol,showinga forecastnet adverse varianceat year-endof £4.3m be noted.
2. That the contents of Section 4 and Appendix 5b of the report be noted and the amendments to the Programme contained in the Table below be approved:
|
|
|
Budget |
Budget |
Budget |
Budget |
Narrative |
|
£ |
£ |
|
£ |
|
||
|
Corporate Services |
|
|
|
|
|
|
|
Housing Company* |
(2) |
(6,716,750) |
(10,557,690) |
(6,000,000) |
|
Removal of Budget |
|
Financial System |
(1) |
|
|
(700,000) |
700,000 |
Re-profiled in line with projected spend |
|
Community and Housing |
|
|
|
|
|
|
|
Disabled Facilities Grant |
(1) |
(75,000) |
|
|
75,000 |
Re-profiled in line with projected spend |
|
Learning Disability Affordable Housing |
(1) |
(75,000) |
75,000 |
|
|
Re-profiled in line with projected spend |
|
Children, Schools and Families |
|
|
|
|
|
|
|
Abbotsbury - Capital Maintenance |
(1) |
28,000 |
|
|
|
Virement from unallocated budget |
|
Cricket Green - Capital Maintenance |
(1) |
25,000 |
|
|
|
Virement from unallocated budget |
|
Melbury SMART Centre - Capital Maintenance |
(1) |
32,000 |
|
|
|
Virement from unallocated budget |
|
Malmesbury - Capital Maintenance |
(1) |
16,000 |
33,000 |
|
|
Virement from unallocated budget |
|
Unallocated Capital Maintenance |
(1) |
(101,000) |
(33,000) |
|
|
Virement to new schemes |
|
Environment and Regeneration |
|
|
|
|
|
|
|
ANPR Cameras Supporting Enforcement of School Streets |
(1) |
(486,000) |
486,000 |
|
|
Re-profiled in line with projected spend |
|
Active Travel Fund |
(1) |
240,000 |
150,000 |
|
|
New TfL Funding |
|
Mitcham Area Regeneration - Canons Parks for the People |
(1) |
(697,120) |
697,120 |
|
|
Re-profiled in line with projected spend |
|
Parks - Canons Parks for the People |
(1) |
(311,350) |
311,350 |
|
|
Re-profiled in line with projected spend |
|
Resurface Tennis Courts Wimbledon Park |
(1) |
(75,440) |
75,440 |
|
|
Re-profiled in line with projected spend |
|
Total |
|
(8,196,660) |
(8,762,780) |
(6,700,000) |
775,000 |
|
Minutes:
The Cabinet Member for Finance presented the report which set out the financial position of the Council for December 2020. He thanked the officers for their work on the report and budget monitoring. He highlighted the increased adverse variance from the previous month, in part due to the impact of the current lockdown on Environmental and Regeneration budgets. He drew the Cabinet’s attention to page 17 of the report which set out the Covid-19 cost summary which clearly showed that the Council was over £9m worse off as a result of the work done to support communities in the pandemic which had not been properly funded by the Government.
The Director of Corporate Services advised that there was further income to come and would be calculated for the April return; there were some adjustments to the capital programme proposed and a decrease in Community Infrastructure Levy monies being received and therefore a review of how those monies were collected would be undertaken to address.
The Chair thanked the Cabinet Member and the Director for their contributions.
RESOLVED:
1. Thatthefinancialreportingdatafor month 9, December 2020,relatingto revenuebudgetarycontrol,showinga forecastnet adverse varianceat year-endof £4.3m be noted.
2. That the contents of Section 4 and Appendix 5b of the report be noted and the amendments to the Programme contained in the Table below be approved:
|
|
|
Budget |
Budget |
Budget |
Budget |
Narrative |
|
£ |
£ |
|
£ |
|
||
|
Corporate Services |
|
|
|
|
|
|
|
Housing Company* |
(2) |
(6,716,750) |
(10,557,690) |
(6,000,000) |
|
Removal of Budget |
|
Financial System |
(1) |
|
|
(700,000) |
700,000 |
Re-profiled in line with projected spend |
|
Community and Housing |
|
|
|
|
|
|
|
Disabled Facilities Grant |
(1) |
(75,000) |
|
|
75,000 |
Re-profiled in line with projected spend |
|
Learning Disability Affordable Housing |
(1) |
(75,000) |
75,000 |
|
|
Re-profiled in line with projected spend |
|
Children, Schools and Families |
|
|
|
|
|
|
|
Abbotsbury - Capital Maintenance |
(1) |
28,000 |
|
|
|
Virement from unallocated budget |
|
Cricket Green - Capital Maintenance |
(1) |
25,000 |
|
|
|
Virement from unallocated budget |
|
Melbury SMART Centre - Capital Maintenance |
(1) |
32,000 |
|
|
|
Virement from unallocated budget |
|
Malmesbury - Capital Maintenance |
(1) |
16,000 |
33,000 |
|
|
Virement from unallocated budget |
|
Unallocated Capital Maintenance |
(1) |
(101,000) |
(33,000) |
|
|
Virement to new schemes |
|
Environment and Regeneration |
|
|
|
|
|
|
|
ANPR Cameras Supporting Enforcement of School Streets |
(1) |
(486,000) |
486,000 |
|
|
Re-profiled in line with projected spend |
|
Active Travel Fund |
(1) |
240,000 |
150,000 |
|
|
New TfL Funding |
|
Mitcham Area Regeneration - Canons Parks for the People |
(1) |
(697,120) |
697,120 |
|
|
Re-profiled in line with projected spend |
|
Parks - Canons Parks for the People |
(1) |
(311,350) |
311,350 |
|
|
Re-profiled in line with projected spend |
|
Resurface Tennis Courts Wimbledon Park |
(1) |
(75,440) |
75,440 |
|
|
Re-profiled in line with projected spend |
|
Total |
|
(8,196,660) |
(8,762,780) |
(6,700,000) |
775,000 |
|