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Agenda item
Financial Report 2021/22 - Period 3 June 2021
Decision:
RESOLVED:
A. ThatCabinetnotedthefinancialreportingdataformonth3,June2021,relatingtorevenuebudgetarycontrol,showinga forecastnetadversevarianceatyearendonnetserviceexpenditureof£4.74m,increasingto£7.452mwhencorporateandfundingitemsareincluded.
B. ThatCabinetapprovedthevirementof£242krevenuebudgetbetweentheHousingtoAdultSocialbeingthetransferofbudgetandclients(care& supportrelated)fromHousingbudgettotheplacementbudget.
C. ThatCabinetnotedthecontentsofSection5 andAppendix5bofthereportandapprovetheadjustmentstotheCapitalProgrammein theTablebelow:
|
|
Budget 2021-22 |
Budget 2022-23 |
Budget 2023-24 |
Narrative |
|
|
£ |
£ |
£ |
|
|
CorporateServices |
|
|
|
|
|
Customer ContactProgramme |
(100,000) |
|
|
Viredto aSpecificScheme |
|
Customer Contact- RoboticsProcess Automation(RPA) |
100,000 |
|
|
ViredfromoverallProgramme |
|
Children,SchoolsandFamilies |
|
|
|
|
|
William Morris- CapitalMaintenance |
(25,000) |
|
|
Virements- projected spendcapital maintenance |
|
Hillcross- CapitalMaintenance |
55,000 |
|
|
Virements- projected spendcapital maintenance |
|
Sherwood- CapitalMaintenance |
77,000 |
|
|
Virements- projected spendcapital maintenance |
|
HarrisAcademyWimbledon- NewSchool |
20,000 |
|
|
Virements- projected spendcapital maintenance |
|
PerseidExpansion |
(20,000) |
|
|
Virements- projected spendcapital maintenance |
|
Perseid- CapitalMaintenance |
(25,000) |
|
|
Virements- projected spendcapital maintenance |
|
WestWimbledon- CapitalMaintenance |
50,000 |
|
|
Virements- projected spendcapital maintenance |
|
UnallocatedCapitalMaintenanceBudget |
35,000 |
|
|
£167k SchoolContributions- £132kvirementto specific schemes |
|
EnvironmentandRegeneration |
|
|||
|
HighwaysandFootways- Highways bridges& structures |
(105,000) |
|
|
BuildingEnhancementsand Increased Capacityto Salt |
|
HighwaysandFootways- SaltBarnUpgrade |
105,000 |
|
|
Storeinitially fundedby virement |
|
CCTV Investment- CCTV and InfrastructureUpgrade |
(662,100) |
107,630 |
554,470 |
Profiledin line withprojected spend |
|
MordenRegeneration- MordenTownCentreImp |
(300,000) |
200,000 |
|
Profiledin line withprojected spend- £100kto Revenue |
|
Total |
(795,100) |
307,630 |
554,470 |
|
Minutes:
The Cabinet Member for Finance presented the report and thanked officers for their work on their report and officers across the Council for their work keeping on track with the budget. The continuing impact including lost income of the pandemic was shown within the report and it was noted that a net adverse variance was forecasted, however forecasting was difficult as income streams would depend on the ongoing Covid infection levels as well as resident behaviour and any increased demand on services.
The Director of Corporate Services noted that there were some significant additional pressures to come and it would remain a challenging period.
The Leader thanked the officers for their work and for the report and noted the impact of the pandemic and the challenges in financial forecasting.
RESOLVED:
A. ThatCabinetnotedthefinancialreportingdataformonth3,June2021,relatingtorevenuebudgetarycontrol,showinga forecastnetadversevarianceatyearendonnetserviceexpenditureof£4.74m,increasingto£7.452mwhencorporateandfundingitemsareincluded.
B. ThatCabinetapprovedthevirementof£242krevenuebudgetbetweentheHousingtoAdultSocialbeingthetransferofbudgetandclients(care& supportrelated)fromHousingbudgettotheplacementbudget.
C. ThatCabinetnotedthecontentsofSection5 andAppendix5bofthereportandapprovetheadjustmentstotheCapitalProgrammein theTablebelow:
|
|
Budget 2021-22 |
Budget 2022-23 |
Budget 2023-24 |
Narrative |
|
|
£ |
£ |
£ |
|
|
CorporateServices |
|
|
|
|
|
Customer ContactProgramme |
(100,000) |
|
|
Viredto aSpecificScheme |
|
Customer Contact- RoboticsProcess Automation(RPA) |
100,000 |
|
|
ViredfromoverallProgramme |
|
Children,SchoolsandFamilies |
|
|
|
|
|
William Morris- CapitalMaintenance |
(25,000) |
|
|
Virements- projected spendcapital maintenance |
|
Hillcross- CapitalMaintenance |
55,000 |
|
|
Virements- projected spendcapital maintenance |
|
Sherwood- CapitalMaintenance |
77,000 |
|
|
Virements- projected spendcapital maintenance |
|
HarrisAcademyWimbledon- NewSchool |
20,000 |
|
|
Virements- projected spendcapital maintenance |
|
PerseidExpansion |
(20,000) |
|
|
Virements- projected spendcapital maintenance |
|
Perseid- CapitalMaintenance |
(25,000) |
|
|
Virements- projected spendcapital maintenance |
|
WestWimbledon- CapitalMaintenance |
50,000 |
|
|
Virements- projected spendcapital maintenance |
|
UnallocatedCapitalMaintenanceBudget |
35,000 |
|
|
£167k SchoolContributions- £132kvirementto specific schemes |
|
EnvironmentandRegeneration |
|
|||
|
HighwaysandFootways- Highways bridges& structures |
(105,000) |
|
|
BuildingEnhancementsand Increased Capacityto Salt |
|
HighwaysandFootways- SaltBarnUpgrade |
105,000 |
|
|
Storeinitially fundedby virement |
|
CCTV Investment- CCTV and InfrastructureUpgrade |
(662,100) |
107,630 |
554,470 |
Profiledin line withprojected spend |
|
MordenRegeneration- MordenTownCentreImp |
(300,000) |
200,000 |
|
Profiledin line withprojected spend- £100kto Revenue |
|
Total |
(795,100) |
307,630 |
554,470 |
|
Supporting documents:
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