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Agenda item
Financial Approvals - December
Decision:
RESOLVED:
A. That Cabinet approve £1,126,319 draw down from the Balancing the Budget Reserve to Finance and Digital to fund the Dark Fibre programme of works. The Council was awarded a grant to provide fibre in the borough to CCTV camera and Council buildings. The grant only covered certain areas and additional funding is required to rollout to the other areas. Work has started using the grant but the additional funding is now required to commission the other work.
B. That Cabinet note the contents of Section 5 and appendices 5a to 5c and approve the adjustments to the Capital Programme in the 4 Tables below:
|
Cost Centre Narrative |
Budget |
Budget |
Budget |
Explanation for the Budgetary Change |
|
Finance & Digital |
|
|
|
|
|
Planned Replacement Programme |
(600,000) |
600,000 |
0 |
SAN Reprocurement will now be in early 2024-25 |
|
Social Care IT System - Replacement SC System |
(636,930) |
636,930 |
0 |
Reprofiled in line with projected spend |
|
Business Systems - Parking System |
0 |
(60,110) |
0 |
Funding moved to Revenue |
|
Finance & Digital |
(1,236,930) |
1,176,820 |
0 |
|
|
Cost Centre Narrative |
Budget |
Budget |
Budget |
Explanation for the Budgetary Change |
|
Children, Lifelong Learning & Families |
|
|
|
|
|
Cricket Green Expansion |
(39,040) |
|
|
Reprofiling and Virement to Perseid Lower Expansion |
|
Perseid Lower Expansion |
|
96,700 |
|
|
|
Perseid Upper Expansion |
(9,130) |
|
|
|
|
West Wimbledon ARP |
(34,220) |
|
|
|
|
Hatfeild ARP |
(14,310) |
|
|
|
|
Children's Centres - Family Hubs |
167,000 |
0 |
0 |
Second Tranche of Grant |
|
Total Children, Lifelong Learning & Families |
70,300 |
96,700 |
0 |
|
|
Cost Centre Narrative |
Budget |
Budget |
Budget |
Explanation for the Budgetary Change |
|
Environment, Civic Pride & Climate |
|
|
|
|
|
Raynes Park Area Roads - Raynes Park Station Public Realm |
1,760 |
0 |
0 |
Additional S106 Funding |
|
Off Street Parking - P&D - Peel House Carpark |
(200,000) |
200,000 |
0 |
Reprofiled in line with projected spend |
|
Fleet Vehicles - Fleet De-carbonisation Infrastructure |
0 |
300,000 |
0 |
Funded by Climate Change Reserve |
|
Highways and Footways - Highway Bridges and Structures |
14,170 |
0 |
0 |
Additional Section 106 Grant |
|
Sports Facilities - Leisure Centre Plant & Machine |
(150,000) |
150,000 |
0 |
Soft Play Equipment Madiera Hall spend projected in 24-25 |
|
Parks - Green Spaces Bridges |
23,000 |
(23,000) |
0 |
To cover the costs of Ravensbury Bridge of £115k |
|
Major Library Projects - Library Video |
24,500 |
|
|
New Grant Funding |
|
Climate Change Initiatives - Community Retrofit Loan |
214,000 |
(140,000) |
(100,000) |
Budget to be paid to contractor in 2023-24 |
|
Total Environment, Civic Pride & Climate |
(72,570) |
487,000 |
(100,000) |
|
|
Cost Centre Narrative |
Budget |
Budget |
Budget |
Explanation for the Budgetary Change |
|
Housing & Sustainable Development |
|
|
|
|
|
Mitcham Area Regeneration - New Horizon Centre |
(21,610) |
0 |
0 |
Reduction in Civic Pride NCIL Funding |
|
Wimbledon Area Regeneration - Haydons Road Public Realm |
(327,060) |
327,060 |
0 |
Reprofiled in line with projected spend |
|
Wimbledon Area Regeneration - Wimb. Village Heritage Led Public Realm |
(50,000) |
50,000 |
0 |
Reprofiled in line with projected spend |
|
Morden Area Regeneration - Morden Town Centre |
(100,000) |
100,000 |
0 |
Reprofiled in line with projected spend |
|
Civic Centre - Civic Centre Boilers |
(1,884,080) |
1,884,080 |
0 |
Reprofiled in line with projected spend |
|
Civic Centre - Civic Centre Lighting Upgrade |
90,010 |
205,000 |
0 |
Sub scheme separated and progressed separately |
|
Civic Centre - Workplace Design |
(295,010) |
|
0 |
Sub scheme separated and progressed separately |
|
Total Housing & Sustainable Development |
(2,587,750) |
2,566,140 |
0 |
|
|
|
|
|
|
|
|
Overall Total |
(3,826,950) |
4,326,660 |
(100,000) |
|
C. That Cabinet note the adjustments to the Capital Programme in the Table below:
|
Cost Centre Narrative |
Budget |
Budget |
Budget |
Explanation for the Budgetary Change |
|
Children, Lifelong Learning & Families |
|
|
|
|
|
Hollymount - Capital Maintenance |
(38,740) |
0 |
0 |
Required adjustments to the approved programme for the capital maintenance of schools - these schemes are all funded by government grant and are treated as one budget within the capital programme. |
|
Hillcross - Capital Maintenance |
14,000 |
0 |
0 |
|
|
Bond - Capital Maintenance |
0 |
40,000 |
0 |
|
|
Singlegate - Capital Maintenance |
11,000 |
0 |
0 |
|
|
St Marks - Capital Maintenance |
1,590 |
0 |
0 |
|
|
Unallocated - Capital Maintenance |
(50,000) |
22,150 |
0 |
|
|
Melrose - Capital Maintenance |
(12,970) |
12,970 |
0 |
|
|
Total Children, Lifelong Learning & Families |
(75,120) |
75,120 |
0 |
|
Minutes:
The Cabinet Member for Finance and Corporate Services presented the report.
RESOLVED:
A. That Cabinet approve £1,126,319 draw down from the Balancing the Budget Reserve to Finance and Digital to fund the Dark Fibre programme of works. The Council was awarded a grant to provide fibre in the borough to CCTV camera and Council buildings. The grant only covered certain areas and additional funding is required to rollout to the other areas. Work has started using the grant but the additional funding is now required to commission the other work.
B. That Cabinet note the contents of Section 5 and appendices 5a to 5c and approve the adjustments to the Capital Programme in the 4 Tables below:
|
Cost Centre Narrative |
Budget |
Budget |
Budget |
Explanation for the Budgetary Change |
|
Finance & Digital |
|
|
|
|
|
Planned Replacement Programme |
(600,000) |
600,000 |
0 |
SAN Reprocurement will now be in early 2024-25 |
|
Social Care IT System - Replacement SC System |
(636,930) |
636,930 |
0 |
Reprofiled in line with projected spend |
|
Business Systems - Parking System |
0 |
(60,110) |
0 |
Funding moved to Revenue |
|
Finance & Digital |
(1,236,930) |
1,176,820 |
0 |
|
|
Cost Centre Narrative |
Budget |
Budget |
Budget |
Explanation for the Budgetary Change |
|
Children, Lifelong Learning & Families |
|
|
|
|
|
Cricket Green Expansion |
(39,040) |
|
|
Reprofiling and Virement to Perseid Lower Expansion |
|
Perseid Lower Expansion |
|
96,700 |
|
|
|
Perseid Upper Expansion |
(9,130) |
|
|
|
|
West Wimbledon ARP |
(34,220) |
|
|
|
|
Hatfeild ARP |
(14,310) |
|
|
|
|
Children's Centres - Family Hubs |
167,000 |
0 |
0 |
Second Tranche of Grant |
|
Total Children, Lifelong Learning & Families |
70,300 |
96,700 |
0 |
|
|
Cost Centre Narrative |
Budget |
Budget |
Budget |
Explanation for the Budgetary Change |
|
Environment, Civic Pride & Climate |
|
|
|
|
|
Raynes Park Area Roads - Raynes Park Station Public Realm |
1,760 |
0 |
0 |
Additional S106 Funding |
|
Off Street Parking - P&D - Peel House Carpark |
(200,000) |
200,000 |
0 |
Reprofiled in line with projected spend |
|
Fleet Vehicles - Fleet De-carbonisation Infrastructure |
0 |
300,000 |
0 |
Funded by Climate Change Reserve |
|
Highways and Footways - Highway Bridges and Structures |
14,170 |
0 |
0 |
Additional Section 106 Grant |
|
Sports Facilities - Leisure Centre Plant & Machine |
(150,000) |
150,000 |
0 |
Soft Play Equipment Madiera Hall spend projected in 24-25 |
|
Parks - Green Spaces Bridges |
23,000 |
(23,000) |
0 |
To cover the costs of Ravensbury Bridge of £115k |
|
Major Library Projects - Library Video |
24,500 |
|
|
New Grant Funding |
|
Climate Change Initiatives - Community Retrofit Loan |
214,000 |
(140,000) |
(100,000) |
Budget to be paid to contractor in 2023-24 |
|
Total Environment, Civic Pride & Climate |
(72,570) |
487,000 |
(100,000) |
|
|
Cost Centre Narrative |
Budget |
Budget |
Budget |
Explanation for the Budgetary Change |
|
Housing & Sustainable Development |
|
|
|
|
|
Mitcham Area Regeneration - New Horizon Centre |
(21,610) |
0 |
0 |
Reduction in Civic Pride NCIL Funding |
|
Wimbledon Area Regeneration - Haydons Road Public Realm |
(327,060) |
327,060 |
0 |
Reprofiled in line with projected spend |
|
Wimbledon Area Regeneration - Wimb. Village Heritage Led Public Realm |
(50,000) |
50,000 |
0 |
Reprofiled in line with projected spend |
|
Morden Area Regeneration - Morden Town Centre |
(100,000) |
100,000 |
0 |
Reprofiled in line with projected spend |
|
Civic Centre - Civic Centre Boilers |
(1,884,080) |
1,884,080 |
0 |
Reprofiled in line with projected spend |
|
Civic Centre - Civic Centre Lighting Upgrade |
90,010 |
205,000 |
0 |
Sub scheme separated and progressed separately |
|
Civic Centre - Workplace Design |
(295,010) |
|
0 |
Sub scheme separated and progressed separately |
|
Total Housing & Sustainable Development |
(2,587,750) |
2,566,140 |
0 |
|
|
|
|
|
|
|
|
Overall Total |
(3,826,950) |
4,326,660 |
(100,000) |
|
C. That Cabinet note the adjustments to the Capital Programme in the Table below:
|
Cost Centre Narrative |
Budget |
Budget |
Budget |
Explanation for the Budgetary Change |
|
Children, Lifelong Learning & Families |
|
|
|
|
|
Hollymount - Capital Maintenance |
(38,740) |
0 |
0 |
Required adjustments to the approved programme for the capital maintenance of schools - these schemes are all funded by government grant and are treated as one budget within the capital programme. |
|
Hillcross - Capital Maintenance |
14,000 |
0 |
0 |
|
|
Bond - Capital Maintenance |
0 |
40,000 |
0 |
|
|
Singlegate - Capital Maintenance |
11,000 |
0 |
0 |
|
|
St Marks - Capital Maintenance |
1,590 |
0 |
0 |
|
|
Unallocated - Capital Maintenance |
(50,000) |
22,150 |
0 |
|
|
Melrose - Capital Maintenance |
(12,970) |
12,970 |
0 |
|
|
Total Children, Lifelong Learning & Families |
(75,120) |
75,120 |
0 |
|
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