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Financial Monitoring July 2016
Meeting: 19/09/2016 - Cabinet (Item 9)
9 Financial Monitoring July 2016 
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Decision:
RESOLVED: That Cabinet
A. Note the financial reporting data relating to revenue budgetary control, showing a forecast net overspend at year end of £5.356million, 1.0% of the gross budget.
B. Ask officers to report back next month after reviewing their budgets and estimated outturn, with the actions necessary to reduce the overspend for 2016/17 and mitigate any on-going overspends in future years.
C. Note the adjustments made to the Capital Programme in Appendix 5b and approves the following:
|
Scheme |
2016/17 |
Adjustment |
Revised
2016/17 |
2017/18 |
June |
July |
Revised
2017/18 |
|
|
£ |
£ |
£ |
£ |
£ |
£ |
£ |
|
SLWP Contract |
0 |
0 |
0 |
0 |
5,702,000 |
1,043,000 |
1,043,000 |
|
Replacement Social Care System |
554,590 |
300,000 |
854,590 |
0 |
0 |
0 |
0 |
|
Improving Financial Systems |
191,000 |
137,000 |
328,000 |
0 |
0 |
0 |
0 |
|
Full EDRMS Invoice Solution SCIS/FIS |
0 |
41,000 |
41,000 |
0 |
0 |
0 |
0 |
D. Endorse the revised SLWP Contract figure for progression to Council in November 2016 for approval
E. Agree the virement of £25k between E&R and CSF in relation to a notional rent agreement for Pollards Hill Youth Centre.
Minutes:
RESOLVED: That Cabinet
A. Note the financial reporting data relating to revenue budgetary control, showing a forecast net overspend at year end of £5.356million, 1.0% of the gross budget.
B. Ask officers to report back next month after reviewing their budgets and estimated outturn, with the actions necessary to reduce the overspend for 2016/17 and mitigate any on-going overspends in future years.
C. Note the adjustments made to the Capital Programme in Appendix 5b and approves the following:
|
Scheme |
2016/17 |
Adjustment |
Revised
2016/17 |
2017/18 |
June |
July |
Revised
2017/18 |
|
|
£ |
£ |
£ |
£ |
£ |
£ |
£ |
|
SLWP Contract |
0 |
0 |
0 |
0 |
5,702,000 |
1,043,000 |
1,043,000 |
|
Replacement Social Care System |
554,590 |
300,000 |
854,590 |
0 |
0 |
0 |
0 |
|
Improving Financial Systems |
191,000 |
137,000 |
328,000 |
0 |
0 |
0 |
0 |
|
Full EDRMS Invoice Solution SCIS/FIS |
0 |
41,000 |
41,000 |
0 |
0 |
0 |
0 |
D. Endorse the revised SLWP Contract figure for progression to Council in November 2016 for approval
E. Agree the virement of £25k between E&R and CSF in relation to a notional rent agreement for Pollards Hill Youth Centre.