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Agenda item
October Financial Monitoring Report
Decision:
RESOLVED:
A. That Cabinet noted the financial reporting data for month 7, October 2022, relating to revenue budgetary control, showing a forecast net adverse variance at 31 October on service expenditure of £0.989m when corporate and funding items are included. B. That Cabinet noted the contents of Section 5 and Appendix 5b of the report and approved the adjustments to the Capital Programme in the Table below:
|
|
Budget 2022-23 |
Budget 2023-24 |
Budget 2024- 25 |
Budget 2025-26 |
Narrative |
|
CorporateServices |
£ |
£ |
£ |
£ |
|
|
Works to Other Buildings- BoilerReplacement |
(367,150) |
|
|
|
Virement& Reprofiled in linewith projectedspend |
|
CivicCentre- Comb.Heatand& Power System Replacement |
|
450,000 |
|
|
BudgetRelinquished asscheme willnotprovide value for money |
|
CivicCentre- AbsorptionChillerReplacement |
|
275,000 |
|
|
BudgetRelinquished asscheme willnotprovide value for money |
|
Westminster CoronersCourt |
(273,260) |
|
|
|
Virementin linewith projected spend and increased by £106k |
|
CommunityandHousing |
|
|
|
|
|
|
LibrariesIT- Library ManagementSystem |
|
(140,000) |
140,000 |
|
Reprofiled in linewith projectedspend |
|
Children,SchoolsandFamilies |
|
|
|
|
|
|
WestWimbledon- SchoolsCapital Maintenance |
(18,610) |
|
|
|
Virement& Reprofiled in linewith projectedspend |
|
Wimbledon Chase- SchoolsCapitalMaintenance |
90,000 |
|
|
|
Virementin linewith projected spend |
|
Links- SchoolsCapitalMaintenance |
(32,850) |
|
|
|
Virement& Reprofiled in linewith projectedspend |
|
Singlegate- SchoolsCapital Maintenance |
(40,000) |
|
|
|
Virementin linewith projected spend |
|
StMarks-Schools Capital Maintenance |
(50,000) |
|
|
|
Virementin linewith projected spend |
|
WilliamMorris- Schools Capital Maintenance |
11,000 |
|
|
|
Virementin linewith projected spend |
|
Unallocated- SchoolsCapitalMaintenance |
|
65,750 |
|
|
Virement& Reprofiled in linewith projectedspend |
|
RaynesPark- SchoolsCapitalMaintenance |
(11,000) |
|
|
|
Virementin linewith projected spend |
|
Ricards Lodge- Schools Capital Maintenance |
(6,410) |
|
|
|
Virement& Reprofiled in linewith projectedspend |
|
Rutlish- Schools Capital Maintenance |
(7,880) |
|
|
|
Virement& Reprofiled in linewith projectedspend |
|
MainstreamSEN (ARP)-RaynesParkSchool Expansion 1 |
(15,000) |
15,000 |
|
|
Virement& Reprofiled in linewith projectedspend |
|
PerseidLower- PerseidSchoolExpansion |
(50,000) |
50,000 |
|
|
Virement& Reprofiled in linewith projectedspend |
|
OnStreet Parking- P&D- -Pay and Display Machines |
(106,780) |
106,780 |
|
|
Reprofiled in linewith projectedspend |
|
OnStreet Parking- P&D- ANPRCamerasAir Quality ... |
(86,000) |
|
|
|
Car mounted Camerasnotcosteffective postcovid |
|
Off Street Parking - P&D -Car ParkUpgrades |
(544,510) |
544,510 |
|
|
Reprofiled in linewith projectedspend |
|
Off Street Parking - PeelHouseCar Park |
(700,000) |
700,000 |
|
|
Reprofiled in linewith projectedspend |
|
CCTVInvestment- DarkFibre |
|
172,500 |
|
|
Reprofiled in linewith projectedspend- New Project 23-24 |
|
CCTVInvestment-CCTV Business Continuity & Resilience |
(172,500) |
|
|
|
Reprofiled in linewith projectedspend |
|
FleetVehicles- Replacementof Fleet Vehicles |
(748,470) |
|
|
|
Reprofiled in linewith projectedspend |
|
Highways& Footways- AFCWimbledon CCTV |
(4,640) |
|
|
|
BudgetRelinquished- scheme finished |
|
Highways& Footways- Vivacity Monitors |
39,180 |
|
|
|
New S 106 Funding |
|
CycleRouteImprovements - Cycle Access/Parking |
34,000 |
|
|
|
AdditionalTfL Funding |
|
CycleRouteImprovements - Cycling ImprovementsResidential Streets |
125,000 |
|
|
|
AdditionalTfL Funding |
|
MitchamAreaRegeneration-RowanPark Community Facility MatchFunding |
(150,000) |
150,000 |
|
|
Reprofiled in linewith projectedspend |
|
MordenAreaRegeneration- Morden TCRegen MatchFunding |
|
(2,000,000) |
|
2,000,000 |
Reprofiled to 2025-26 |
|
Wimbledon Park LakeandWaters-Water Sports Fleet |
10,000 |
|
|
(10,000) |
Reprofiled in linewith projectedspend |
|
Parks- New WimbledonParkWaterPlayFeature |
|
|
183,000 |
|
ReinstatedBudget funded fromSCIL |
|
Total |
(3,075,880) |
389,540 |
323,000 |
1,990,000 |
|
Minutes:
The Cabinet Member for Finance and Corporate Services presented the report noting that the net overspend had decreased. The projected departmental overspend was being closely monitored and progress would continue to be reported at the next Cabinet meeting.
RESOLVED:
A. That Cabinet noted the financial reporting data for month 7, October 2022, relating to revenue budgetary control, showing a forecast net adverse variance at 31 October on service expenditure of £0.989m when corporate and funding items are included. B. That Cabinet noted the contents of Section 5 and Appendix 5b of the report and approved the adjustments to the Capital Programme in the Table below:
|
|
Budget 2022-23 |
Budget 2023-24 |
Budget 2024- 25 |
Budget 2025-26 |
Narrative |
|
CorporateServices |
£ |
£ |
£ |
£ |
|
|
Works to Other Buildings- BoilerReplacement |
(367,150) |
|
|
|
Virement& Reprofiled in linewith projectedspend |
|
CivicCentre- Comb.Heatand& Power System Replacement |
|
450,000 |
|
|
BudgetRelinquished asscheme willnotprovide value for money |
|
CivicCentre- AbsorptionChillerReplacement |
|
275,000 |
|
|
BudgetRelinquished asscheme willnotprovide value for money |
|
Westminster CoronersCourt |
(273,260) |
|
|
|
Virementin linewith projected spend and increased by £106k |
|
CommunityandHousing |
|
|
|
|
|
|
LibrariesIT- Library ManagementSystem |
|
(140,000) |
140,000 |
|
Reprofiled in linewith projectedspend |
|
Children,SchoolsandFamilies |
|
|
|
|
|
|
WestWimbledon- SchoolsCapital Maintenance |
(18,610) |
|
|
|
Virement& Reprofiled in linewith projectedspend |
|
Wimbledon Chase- SchoolsCapitalMaintenance |
90,000 |
|
|
|
Virementin linewith projected spend |
|
Links- SchoolsCapitalMaintenance |
(32,850) |
|
|
|
Virement& Reprofiled in linewith projectedspend |
|
Singlegate- SchoolsCapital Maintenance |
(40,000) |
|
|
|
Virementin linewith projected spend |
|
StMarks-Schools Capital Maintenance |
(50,000) |
|
|
|
Virementin linewith projected spend |
|
WilliamMorris- Schools Capital Maintenance |
11,000 |
|
|
|
Virementin linewith projected spend |
|
Unallocated- SchoolsCapitalMaintenance |
|
65,750 |
|
|
Virement& Reprofiled in linewith projectedspend |
|
RaynesPark- SchoolsCapitalMaintenance |
(11,000) |
|
|
|
Virementin linewith projected spend |
|
Ricards Lodge- Schools Capital Maintenance |
(6,410) |
|
|
|
Virement& Reprofiled in linewith projectedspend |
|
Rutlish- Schools Capital Maintenance |
(7,880) |
|
|
|
Virement& Reprofiled in linewith projectedspend |
|
MainstreamSEN (ARP)-RaynesParkSchool Expansion 1 |
(15,000) |
15,000 |
|
|
Virement& Reprofiled in linewith projectedspend |
|
PerseidLower- PerseidSchoolExpansion |
(50,000) |
50,000 |
|
|
Virement& Reprofiled in linewith projectedspend |
|
OnStreet Parking- P&D- -Pay and Display Machines |
(106,780) |
106,780 |
|
|
Reprofiled in linewith projectedspend |
|
OnStreet Parking- P&D- ANPRCamerasAir Quality ... |
(86,000) |
|
|
|
Car mounted Camerasnotcosteffective postcovid |
|
Off Street Parking - P&D -Car ParkUpgrades |
(544,510) |
544,510 |
|
|
Reprofiled in linewith projectedspend |
|
Off Street Parking - PeelHouseCar Park |
(700,000) |
700,000 |
|
|
Reprofiled in linewith projectedspend |
|
CCTVInvestment- DarkFibre |
|
172,500 |
|
|
Reprofiled in linewith projectedspend- New Project 23-24 |
|
CCTVInvestment-CCTV Business Continuity & Resilience |
(172,500) |
|
|
|
Reprofiled in linewith projectedspend |
|
FleetVehicles- Replacementof Fleet Vehicles |
(748,470) |
|
|
|
Reprofiled in linewith projectedspend |
|
Highways& Footways- AFCWimbledon CCTV |
(4,640) |
|
|
|
BudgetRelinquished- scheme finished |
|
Highways& Footways- Vivacity Monitors |
39,180 |
|
|
|
New S 106 Funding |
|
CycleRouteImprovements - Cycle Access/Parking |
34,000 |
|
|
|
AdditionalTfL Funding |
|
CycleRouteImprovements - Cycling ImprovementsResidential Streets |
125,000 |
|
|
|
AdditionalTfL Funding |
|
MitchamAreaRegeneration-RowanPark Community Facility MatchFunding |
(150,000) |
150,000 |
|
|
Reprofiled in linewith projectedspend |
|
MordenAreaRegeneration- Morden TCRegen MatchFunding |
|
(2,000,000) |
|
2,000,000 |
Reprofiled to 2025-26 |
|
Wimbledon Park LakeandWaters-Water Sports Fleet |
10,000 |
|
|
(10,000) |
Reprofiled in linewith projectedspend |
|
Parks- New WimbledonParkWaterPlayFeature |
|
|
183,000 |
|
ReinstatedBudget funded fromSCIL |
|
Total |
(3,075,880) |
389,540 |
323,000 |
1,990,000 |
|
Supporting documents:
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