7 Financial Monitoring November (2014/15) PDF 421 KB
Additional documents:
Decision:
RESOLVED
That Cabinet
a). notes the financial reporting data relating to revenue budgetary control, showing a forecast net overspend at year end of £4.75million, 2.92% of the net budget. This is a decrease of £9k from last month.
b). approves the virement of £319K to transfer the Safety Services budget from Corporate Governance to Infrastructure and Transactions division within Corporate Services.
c). notes the amendments to the Capital Programme in Appendix 5b and approves the following adjustments:
Belvederes and Ridgway Place |
70,000 |
Wheelie Bins - Pilot |
48,000 |
Taylor Rd Day Centre - Improvement Works |
25,000 |
Highways bridges & structures |
(143,000) |
Transformation Budgets |
(512,170) |
Disaster Recovery |
512,170 |
London Rd Cemetery Extension |
340,000 |
2015/16 |
|
£ |
|
Match Funding for GLA Bid from Future Merton |
122,000 |
Capital Bidding Fund |
(122,000) |
Expansion Inflation Contingency |
180,000 |
Dundonald Expansion |
(180,000) |
Minutes:
The Cabinet Member for Finance presented the report which provided the regular monthly financial monitoring update for November 2014.
RESOLVED
That Cabinet
a). notes the financial reporting data relating to revenue budgetary control, showing a forecast net overspend at year end of £4.75million, 2.92% of the net budget. This is a decrease of £9k from last month.
b). approves the virement of £319K to transfer the Safety Services budget from Corporate Governance to Infrastructure and Transactions division within Corporate Services.
c). notes the amendments to the Capital Programme in Appendix 5b and approves the following adjustments:
Belvederes and Ridgway Place |
70,000 |
Wheelie Bins - Pilot |
48,000 |
Taylor Rd Day Centre - Improvement Works |
25,000 |
Highways bridges & structures |
(143,000) |
Transformation Budgets |
(512,170) |
Disaster Recovery |
512,170 |
London Rd Cemetery Extension |
340,000 |
2015/16 |
|
£ |
|
Match Funding for GLA Bid from Future Merton |
122,000 |
Capital Bidding Fund |
(122,000) |
Expansion Inflation Contingency |
180,000 |
Dundonald Expansion |
(180,000) |