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Issue - decisions
June Financial Monitoring Report
26/09/2022 - June Financial Monitoring Report
RESOLVED:
A. That Cabinet note the financial reporting data for month 3, June 2022, relating to revenue budgetary control, showing a forecast net adverse variance at 30 June on service expenditure of£5.444m when corporate and funding items are included and £3.412m of reserves assumed to be used as agreed at last month’s Cabinet
B. That Cabinet note the contents of Section 5 and Appendix 5b of the report and approve the adjustments to the Capital Programme in the Table below
|
|
Budget 2022-23 |
Budget 2023-24 |
Narrative |
|
|
|
£ |
£ |
|
|
|
Raynes Park – Capital Maintenance |
14,500 |
|
Vired from the Unallocated Budget |
|
|
Unallocated Capital Maintenance |
(58,250) |
|
Allocation to Lonesome, Melbury and Raynes Park |
|
|
Lonesome – Capital Maintenance |
28,720 |
|
Vired from the Unallocated Budget |
|
|
Merton Abbey – Capital Maintenance |
(8,610) |
|
Vired to the Unallocated Budget |
|
|
Melbury – Capital Maintenance |
23,640 |
|
Vired from the Unallocated Budget |
|
|
Medical PRU |
(60,000) |
60,000 |
Reprofiled in line with projected spend |
|
|
Total |
(60,000) |
60,000 |
|
|
C. That Cabinet ask CMT to investigate and report back on measures to reduce the adverse variance, recognising that CSF have set some actions out already in Section 4