RESOLVED:
A. That Cabinet noted the financial reporting data for month 6, September 2021, relating to revenue budgetary control, showing a forecast net adverse variance at year end on net service expenditure of £6.197m, increasing to £7.687m when corporate and funding items are included.
B. That Cabinet approved a draw down of £250k from the Your Merton reserve to E&R revenue budgets to fund a series of street and parks improvement projects within the department.
C. That Cabinet noted the contents of Section 5 and Appendix 5b of the report and approve the adjustments to the Capital Programme in the Table below:
|
Budget 2021-22 |
Budget 2022-23 |
Budget 2023-24 |
Budget 2024-25 |
Narrative |
|
£ |
£ |
|
£ |
|
Corporate Services |
|
|
|
|
|
Invest to Save – General |
(473,690) |
273,690 |
|
|
Re-profiled in line with projected spend |
Invest to Save - Photovoltanics |
(50,000) |
50,000 |
|
|
Re-profiled in line with projected spend |
Community and Housing |
|
||||
Disabled Facilities Grant |
262,410 |
|
220,000 |
440,410 |
Grant for 2021-22 Applied to Prog. |
Children, Schools and Families |
|
||||
West Wimbledon Capital Maintenance Budget |
75,000 |
|
|
|
Virements-projected spend capital maintenance |
Hatfeild Capital Maintenance Budget |
60,000 |
|
|
|
Virements-projected spend capital maintenance |
Hillcross Capital Maintenance Budget |
105,000 |
|
|
|
Virements-projected spend capital maintenance |
Joseph Hood Capital Maintenance Budget |
37,000 |
|
|
|
Virements-projected spend capital maintenance |
Dundonald Capital Maintenance Budget |
(1,990) |
|
|
|
Virements-projected spend capital maintenance |
Merton Park Capital Maintenance Budget |
50,000 |
|
|
|
Virements-projected spend capital maintenance |
Pelham Capital Maintenance Budget |
35,000 |
|
|
|
Virements-projected spend capital maintenance |
Wimbledon Chase Capital Maintenance Budget |
40,000 |
|
|
|
Virements-projected spend capital maintenance |
Abbotsbury Capital Maintenance Budget |
18,000 |
|
|
|
Virements-projected spend capital maintenance |
Malmesbury Capital Maintenance Budget |
13,000 |
|
|
|
Virements-projected spend capital maintenance |
Bond Capital Maintenance Budget |
35,000 |
|
|
|
Virements-projected spend capital maintenance |
Cranmer Capital Maintenance Budget |
50,000 |
|
|
|
Virements-projected spend capital maintenance |
Haslemere Capital Maintenance Budget |
90,000 |
|
|
|
Virements-projected spend capital maintenance |
St Mark’s Capital Maintenance Budget |
65,000 |
|
|
|
Virements-projected spend capital maintenance |
Lonesome Capital Maintenance Budget |
35,000 |
|
|
|
Virements-projected spend capital maintenance |
Sherwood Capital Maintenance Budget |
30,000 |
|
|
|
Virements-projected spend capital maintenance |
Unallocated Capital Maintenance Budget |
(786,010) |
|
|
|
£xk virement to specific schemes |
Perseid Capital Maintenance Budget |
50,000 |
|
|
|
Virements-projected spend capital maintenance |
Unlocated SEN – Medical PRU Expansion |
(300,000) |
300,000 |
|
|
Re-profiled in accordance with projected Spend |
Environment and Regeneration |
|
|
|
|
|
SLWP – General |
(8,080) |
8,080 |
|
|
Re-profiled in accordance with projected Spend |
SLWP – Waste Bins |
(13,350) |
13,350 |
|
|
NCIL Capital Bidding 2021-22 |
Mitcham Area Regen – Pollards Hill Bus Shelter |
|
150,000 |
|
|
NCIL Capital Bidding 2021-22 |
Highways & Footways – S Wimb Bus Area Wayfinding |
|
135,630 |
|
|
NCIL Capital Bidding 2021-22 |
Highways & Footways – Street Lighting Wimb |
(261,680) |
261,680 |
|
|
Re-profiled in accordance with projected Spend |
Cycle Route Imps – Cycle Lane Plough Lane |
(120,000) |
120,000 |
|
|
Re-profiled in accordance with projected Spend |
Wimb Area Regen – Wimb Public Realm Implement |
(401,190) |
401,190 |
|
|
Re-profiled in accordance with projected Spend |
Wimb Area Regen – Haydons Rd Public Realm Imps |
(300,000) |
300,000 |
|
|
Re-profiled in accordance with projected Spend |
Total |
(1,665,580) |
2,013,620 |
220,000 |
440,410 |
|
D. That Cabinet approved the Revenue NCIL Bids below as contained in Appendix 5d – these are summarised below:
Revenue Schemes |
Budget 2021-22 £ |
Budget 2022-23 £ |
The Small Quarter: Community growing and culture space |
|
38,914 |
The Mitcham Colour Way |
|
3,500 |
Attic’s Creative Community Engagement Programme |
|
42,549 |
Sherwood Park Café and Mini Golf |
|
60,000 |
Uptown Youth Services |
|
30,000 |
Martin Way – Greener, Brighter & Revitalised |
|
27,335 |
Merton Garden Streets 2022 |
|
31,288 |
Museum of Wimbledon Refurbishment Project (Grant) |
|
50,000 |
Energy Matters: Building the next generation of energy champions |
|
88,823 |
There’s More to Morden |
|
35,000 |
20mph banners |
|
35,000 |
Community Champions 2022: Building social capital in Merton’s journey towards net zero |
57,600 |
6,400 |
The Wheel – A Circular Economy for Merton |
|
75,000 |
Parade Programme Management top-up |
|
27,500 |
Total Revenue Schemes |
57,600 |
551,309 |
E. That Cabinet approved the use of £802,000 of the Climate Change reserve for carbon reduction and the delivery of Merton’s Climate Action Plan across 2021/22 (£20k) and 2022/23 (£782k). Further allocations for future years will be required and will be built in to the business plan.