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Issue - meetings
Financial Monitoring Report Period 7
Meeting: 16/12/2024 - Cabinet (Item 12)
12 Financial Monitoring Report Period 7 
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Decision:
RESOLVED:
A. That Cabinet notethe financial reportingdata for period 7(October) relatingto revenue budgetarycontrol, showinga forecastnet adversevariance of
£13.387mwhen corporateand fundingitems areincluded.
B. ThatCabinet notethe contentsof Section7 ofthe reportand appendices5a to 5d and approve the proposed adjustments to the programme in Appendix 5b ThatCabinet notethe contentsof Section7 ofthe reportand appendices5a to 5d and approve the proposed adjustments in the Table here: Monitoring Report 2024-25 - period 7 Cabinet with appendices v2.pdf
C. ThatCabinet notethe conditions/termsin relationto theGreater London Authority(GLA) grantsfor thefirst 93houses andapprove enteringinto agrant
agreement with the GLA to receive the grants from the GLA's Homes for Londoners: Affordable Homes Programme 2021-2026 Greater London Authority (GLA) and approve the Section 151 officer signing the grant agreements on behalf of Merton.
Minutes:
The Cabinet Member for Finance and Corporate Services presented the report noting there had been a slight reduction in the adverse variance from £14.8m to £13.3m. Officers were working to minimise expenditure wherever reasonably possible however costs of delivering services were rising. The report also set out adjustments to the capital programme.
RESOLVED:
A. That Cabinet notethe financial reportingdata for period 7(October) relatingto revenue budgetarycontrol, showinga forecastnet adversevariance of
£13.387mwhen corporateand fundingitems areincluded.
B. ThatCabinet notethe contentsof Section7 ofthe reportand appendices5a to 5d and approve the proposed adjustments to the programme in Appendix 5b ThatCabinet notethe contentsof Section7 ofthe reportand appendices5a to 5d and approve the proposed adjustments in the Table here: Monitoring Report 2024-25 - period 7 Cabinet with appendices v2.pdf
C. ThatCabinet notethe conditions/termsin relationto theGreater London Authority(GLA) grantsfor thefirst 93houses andapprove enteringinto agrant
agreement with the GLA to receive the grants from the GLA's Homes for Londoners: Affordable Homes Programme 2021-2026 Greater London Authority (GLA) and approve the Section 151 officer signing the grant agreements on behalf of Merton.