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Agenda item
Financial Monitoring Report - Period 8 November 2021
Decision:
RESOLVED:
A. ThatCabinetnotethefinancialreportingdataformonth8,November2021,relatingtorevenuebudgetarycontrol,showinga forecastnetadversevarianceatyearendonnetserviceexpenditureof£5.008m,increasingto£7.358mwhencorporateandfundingitemsareincluded,a decreaseof£1.177mcomparedtolastmonth
B. ThatCMTnotethecontentsofSection5 andapprovetheadjustmentstotheCapitalProgrammecontainedin Appendix5band5d,subjecttothereceiptofprojectplansforthoseschemeswherefullslippagehasbeenrequested
ThatCabinetnotethecontentsofSection5,Appendix5band5dofthereportandapprovetheadjustmentstotheCapitalProgrammein theTablebelow:
|
|
Budget 2021-22 |
Budget 2022-23 |
Budget 2023-24 |
Budget 2024-25 |
Narrative |
|
Corporate Services |
£ |
£ |
|
£ |
|
|
Westminster Coroners Court |
|
402,000 |
|
|
Increase in estimate orig. estimate 5 years old |
|
Community and Housing |
|||||
|
Disabled Facilities Grant - General |
200,000 |
|
|
(200,000) |
Virement to fund projected outturn |
|
Major projects – Social Care H – Learning Disability Aff Housing |
(50,000) |
|
|
|
2021-22 Budget moved to Rev. for Feas studies |
|
Children, Schools and Families |
|||||
|
Haslemere – Capital Maintenance |
(160,000) |
160,000 |
|
|
Re-profiled in accordance with projected spend |
|
Harris Morden – Harris Morden Community Sports Pitch |
(70,000) |
70,000 |
|
|
Re-profiled in accordance with projected spend |
|
Raynes Park – Capital Maintenance |
(21,000) |
21,000 |
|
|
Re-profiled in accordance with projected spend |
|
Ricards Lodge – Capital Maintenance |
(21,610) |
21,610 |
|
|
Re-profiled in accordance with projected spend |
|
Rutlish – Capital Maintenance |
(20,000) |
20,000 |
|
|
Re-profiled in accordance with projected spend |
|
Melrose Whatley Avenue Expansion |
(150,000) |
150,000 |
|
|
Re-profiled in accordance with projected spend |
|
Melrose School Expansion |
252,020 |
|
|
|
Virement to cover expected outturn |
|
Unallocated SEN Expansion Budget |
(20,000) |
(232,020) |
|
|
Virement to cover expected outturn |
|
Youth Provision – Pollards Hill Digital Divide |
(160,000) |
160,000 |
|
|
Re-profiled in accordance with projected spend |
|
|
Budget 2021-22 |
Budget 2022-23 |
Budget 2023-24 |
Budget 2024-25 |
Narrative |
|
|
EnvironmentandRegeneration |
|
|||||
|
OffStreetParking- P&D- CarPark Upgrades |
(60,000) |
60,000 |
|
|
Re-profiledinaccordancewith projected spend projectedspend |
|
|
Highways& Footways- Highway Bridges& Structures |
(684,000) |
684,000 |
|
|
Re-profiledinaccordancewith projected spend projectedspend |
|
|
Highways& Footways- TfL PrincipalRoads |
(6,600) |
0 |
|
|
TfLadjustmentto funding |
|
|
Highways& Footways- Culverts |
(488,430) |
488,430 |
|
|
Re-profiledinaccordancewith projectedspend |
|
|
CycleRouteImprovements- Morden CyclePath |
(107,220) |
107,220 |
|
|
Re-profiledinaccordancewith projected spend projectedspend |
|
|
CycleRouteImprovements- Cycle LaneWorksPloughLane |
(100,000) |
100,000 |
|
|
Re-profiledinaccordancewith projected spend projectedspend |
|
|
MitchamAreaRegeneration- ElmwoodCentreHub |
(65,000) |
65,000 |
|
|
Re-profiledinaccordancewith projected spend projectedspend |
|
|
WimbledonArea Regeneration- WimbledonPublicRealm |
(100,000) |
0 |
|
|
VirementofSCILMoneyto WimbHill Scheme |
|
|
WimbledonArea Regeneration- WimbledonHill Rd |
154,850 |
0 |
|
|
UtilisingSCIL& NCILFunding |
|
|
WimbledonArea Regeneration- HaydonsRd PublicRealm |
(80,000) |
80,000 |
|
|
Re-profiledinaccordancewith projected spend projectedspend |
|
|
MordenAreaRegeneration- Crown CreativeKnowledgeExchange |
(75,000) |
75,000 |
|
|
Re-profiledinaccordancewith projected spend projectedspend |
|
|
ParksInvestment- Wimb.Park TennisCourts |
(150,440) |
150,440 |
|
|
Re-profiledinaccordancewith projected spend projectedspend |
|
|
ParksInvestment- Wimb.ParkWater Play |
(226,000) |
226,000 |
|
|
Re-profiledinaccordancewith projected spend projectedspend |
|
|
TfLUnallocatedBudget |
(495,250) |
|
|
|
Removalof unawarded EstimatedTfL Allocation |
|
|
Total |
(2,703,680) |
2,808,680 |
0 |
(200,000) |
|
|
C.ThatCabinetapprovedtheuseof£750kfromtheYourMertonreservetofundthefollowingprojectsoverthefinancialyears2021/22and2022/23:
|
Department |
YourMertonProject |
£ |
|
CorporateServices |
Communicatingourimprovementsto residents& businesses |
125,000 |
|
CorporateServices |
Culturalimprovementsto Mertonstaffandtheir wellbeing |
140,000 |
|
E&R |
Don'tMesswithMerton |
415,000 |
|
E&R |
SafetyofWomenandGirls |
15,000 |
|
CSF |
YouthFund |
10,000 |
|
CSF |
ApprenticeshipCoordinator– VulnerableGroups |
45,000 |
|
|
Total |
750,000 |
Minutes:
The Deputy Leader and Cabinet Member for Finance, Performance, Recovery and the Local Economy presented the report, noting that the outturn variance had increased to £7.358 million, expecting that figures would be updated in the coming months.
The Director of Corporate Services advised that the cost of Covid had marginally reduced due to an improvement in Business rates collection however this was still less than pre-pandemic figures which would affect the MTFS going forward. An update would be included within the February report.
RESOLVED:
A. ThatCabinetnotethefinancialreportingdataformonth8,November2021,relatingtorevenuebudgetarycontrol,showinga forecastnetadversevarianceatyearendonnetserviceexpenditureof£5.008m,increasingto£7.358mwhencorporateandfundingitemsareincluded,a decreaseof£1.177mcomparedtolastmonth
B. ThatCMTnotethecontentsofSection5 andapprovetheadjustmentstotheCapitalProgrammecontainedin Appendix5band5d,subjecttothereceiptofprojectplansforthoseschemeswherefullslippagehasbeenrequested
ThatCabinetnotethecontentsofSection5,Appendix5band5dofthereportandapprovetheadjustmentstotheCapitalProgrammein theTablebelow:
|
|
Budget 2021-22 |
Budget 2022-23 |
Budget 2023-24 |
Budget 2024-25 |
Narrative |
|
Corporate Services |
£ |
£ |
|
£ |
|
|
Westminster Coroners Court |
|
402,000 |
|
|
Increase in estimate orig. estimate 5 years old |
|
Community and Housing |
|||||
|
Disabled Facilities Grant - General |
200,000 |
|
|
(200,000) |
Virement to fund projected outturn |
|
Major projects – Social Care H – Learning Disability Aff Housing |
(50,000) |
|
|
|
2021-22 Budget moved to Rev. for Feas studies |
|
Children, Schools and Families |
|||||
|
Haslemere – Capital Maintenance |
(160,000) |
160,000 |
|
|
Re-profiled in accordance with projected spend |
|
Harris Morden – Harris Morden Community Sports Pitch |
(70,000) |
70,000 |
|
|
Re-profiled in accordance with projected spend |
|
Raynes Park – Capital Maintenance |
(21,000) |
21,000 |
|
|
Re-profiled in accordance with projected spend |
|
Ricards Lodge – Capital Maintenance |
(21,610) |
21,610 |
|
|
Re-profiled in accordance with projected spend |
|
Rutlish – Capital Maintenance |
(20,000) |
20,000 |
|
|
Re-profiled in accordance with projected spend |
|
Melrose Whatley Avenue Expansion |
(150,000) |
150,000 |
|
|
Re-profiled in accordance with projected spend |
|
Melrose School Expansion |
252,020 |
|
|
|
Virement to cover expected outturn |
|
Unallocated SEN Expansion Budget |
(20,000) |
(232,020) |
|
|
Virement to cover expected outturn |
|
Youth Provision – Pollards Hill Digital Divide |
(160,000) |
160,000 |
|
|
Re-profiled in accordance with projected spend |
|
|
Budget 2021-22 |
Budget 2022-23 |
Budget 2023-24 |
Budget 2024-25 |
Narrative |
|
|
EnvironmentandRegeneration |
|
|||||
|
OffStreetParking- P&D- CarPark Upgrades |
(60,000) |
60,000 |
|
|
Re-profiledinaccordancewith projected spend projectedspend |
|
|
Highways& Footways- Highway Bridges& Structures |
(684,000) |
684,000 |
|
|
Re-profiledinaccordancewith projected spend projectedspend |
|
|
Highways& Footways- TfL PrincipalRoads |
(6,600) |
0 |
|
|
TfLadjustmentto funding |
|
|
Highways& Footways- Culverts |
(488,430) |
488,430 |
|
|
Re-profiledinaccordancewith projectedspend |
|
|
CycleRouteImprovements- Morden CyclePath |
(107,220) |
107,220 |
|
|
Re-profiledinaccordancewith projected spend projectedspend |
|
|
CycleRouteImprovements- Cycle LaneWorksPloughLane |
(100,000) |
100,000 |
|
|
Re-profiledinaccordancewith projected spend projectedspend |
|
|
MitchamAreaRegeneration- ElmwoodCentreHub |
(65,000) |
65,000 |
|
|
Re-profiledinaccordancewith projected spend projectedspend |
|
|
WimbledonArea Regeneration- WimbledonPublicRealm |
(100,000) |
0 |
|
|
VirementofSCILMoneyto WimbHill Scheme |
|
|
WimbledonArea Regeneration- WimbledonHill Rd |
154,850 |
0 |
|
|
UtilisingSCIL& NCILFunding |
|
|
WimbledonArea Regeneration- HaydonsRd PublicRealm |
(80,000) |
80,000 |
|
|
Re-profiledinaccordancewith projected spend projectedspend |
|
|
MordenAreaRegeneration- Crown CreativeKnowledgeExchange |
(75,000) |
75,000 |
|
|
Re-profiledinaccordancewith projected spend projectedspend |
|
|
ParksInvestment- Wimb.Park TennisCourts |
(150,440) |
150,440 |
|
|
Re-profiledinaccordancewith projected spend projectedspend |
|
|
ParksInvestment- Wimb.ParkWater Play |
(226,000) |
226,000 |
|
|
Re-profiledinaccordancewith projected spend projectedspend |
|
|
TfLUnallocatedBudget |
(495,250) |
|
|
|
Removalofunawarded EstimatedTfL Allocation |
|
|
Total |
(2,703,680) |
2,808,680 |
0 |
(200,000) |
|
|
C.ThatCabinetapprovedtheuseof£750kfromtheYourMertonreservetofundthefollowingprojectsoverthefinancialyears2021/22and2022/23:
|
Department |
YourMertonProject |
£ |
|
CorporateServices |
Communicatingourimprovementsto residents& businesses |
125,000 |
|
CorporateServices |
Culturalimprovementsto Mertonstaffandtheir wellbeing |
140,000 |
|
E&R |
Don'tMesswithMerton |
415,000 |
|
E&R |
SafetyofWomenandGirls |
15,000 |
|
CSF |
YouthFund |
10,000 |
|
CSF |
ApprenticeshipCoordinator– VulnerableGroups |
45,000 |
|
|
Total |
750,000 |
Supporting documents:
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