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Issue - meetings

Financial Monitoring July 2016

Meeting: 19/09/2016 - Cabinet (Item 9)

9 Financial Monitoring July 2016 pdf icon PDF 1018 KB

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
Budget

Adjustment

Revised

2016/17
Budget

2017/18
Budget

June
Monitoring
Adjustment

July
Monitoring
Adjustment

Revised

2017/18
Budget

 

£

£

£

£

£

£

£

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
Budget

Adjustment

Revised

2016/17
Budget

2017/18
Budget

June
Monitoring
Adjustment

July
Monitoring
Adjustment

Revised

2017/18
Budget

 

£

£

£

£

£

£

£

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.