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Issue - decisions
Financial Monitoring Report 2017-18 - August 2017
18/10/2017 - Financial Monitoring Report 2017-18 - August 2017
RESOLVED:
1. That the financial reporting data relating to revenue budgetary control, showing a forecast net overspend at year end of £1.9million, 0.4% of the gross budget be noted.
2. That the adjustments to the Capital Programme contained in Appendix 5b to the Cabinet report be noted.
3. That the following adjustments to the Capital Programme be recommended to Council for approval:
|
Scheme |
2017/18 budget |
2018/19 budget |
2019/20 budget |
Narrative |
|
Council and Cabinet approval |
||||
|
Capital bidding fund |
(560,100) |
0 |
|
Virement |
|
Parks – Canons Parks for the People |
180,450 |
1,117,470 |
195,540 |
HLF Funding |
|
Mitcham Area Regeneration – Parks for the People |
638,780 |
2,032,100 |
301,040 |
HLF Funding & Virement |
|
Total |
259,130 |
3,149,570 |
496,580 |
|
4. That the following adjustments to the Capital Programme be approved:
|
Scheme |
2017/18 Budget |
Narrative |
|
Cabinet only approval |
||
|
Morden Park House Courtyard |
125,000 |
£48k Donation and £77k Revenue Contribution |
|
Total |
125,000 |
|