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October Financial Monitoring Report
Meeting: 05/12/2022 - Cabinet (Item 7)
7 October Financial Monitoring Report 
PDF 1 MB
Decision:
RESOLVED:
A. That Cabinet noted the financial reporting data for month 7, October 2022, relating to revenue budgetary control, showing a forecast net adverse variance at 31 October on service expenditure of £0.989m when corporate and funding items are included. B. That Cabinet noted the contents of Section 5 and Appendix 5b of the report and approved the adjustments to the Capital Programme in the Table below:
|
|
Budget 2022-23 |
Budget 2023-24 |
Budget 2024- 25 |
Budget 2025-26 |
Narrative |
|
CorporateServices |
£ |
£ |
£ |
£ |
|
|
Works to Other Buildings- BoilerReplacement |
(367,150) |
|
|
|
Virement& Reprofiled in linewith projectedspend |
|
CivicCentre- Comb.Heatand& Power System Replacement |
|
450,000 |
|
|
BudgetRelinquished asscheme willnotprovide value for money |
|
CivicCentre- AbsorptionChillerReplacement |
|
275,000 |
|
|
BudgetRelinquished asscheme willnotprovide value for money |
|
Westminster CoronersCourt |
(273,260) |
|
|
|
Virementin linewith projected spend and increased by £106k |
|
CommunityandHousing |
|
|
|
|
|
|
LibrariesIT- Librar ... view the full decision text for item 7 |
Minutes:
The Cabinet Member for Finance and Corporate Services presented the report noting that the net overspend had decreased. The projected departmental overspend was being closely monitored and progress would continue to be reported at the next Cabinet meeting.
RESOLVED:
A. That Cabinet noted the financial reporting data for month 7, October 2022, relating to revenue budgetary control, showing a forecast net adverse variance at 31 October on service expenditure of £0.989m when corporate and funding items are included. B. That Cabinet noted the contents of Section 5 and Appendix 5b of the report and approved the adjustments to the Capital Programme in the Table below:
|
|
Budget 2022-23 |
Budget 2023-24 |
Budget 2024- 25 |
Budget 2025-26 |
Narrative |
|
CorporateServices |
£ |
£ |
£ |
£ |
|
|
Works to Other Buildings- BoilerReplacement |
(367,150) |
|
|
|
Virement& Reprofiled in linewith projectedspend |
|
CivicCentre- Comb.Heatand& Power System Replacement |
|
450,000 |
|
|
BudgetRelinquished asscheme willnotprovide value for money |
|
CivicCentre- AbsorptionChillerReplacement |
|
275,000 |
|
|
BudgetRelinquished asscheme willnotprovide value for money |
|
Westminster CoronersCourt |
(273,260) |
|
|
|
Virementin linewith projected spend and increased ... view the full minutes text for item 7 |