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Decision details
Financial Report 2018/19 – September 2018
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
Purpose:
This is the financial monitoring report for
period 6, 30 September 2018 presented in line with the financial
reporting timetable.
Decision:
RESOLVED
1. That the financial reporting data relating to revenue budgetary control, showing a forecast net overspend at year end of £1.92 million, 0.36% of gross budget be noted;
2. That the virement of £100k between Environment & Regeneration & Corporate Services in relation to the funding of RingGo card processing charges be approved.
3. That the virement of £302k between Community Care Placement Contingency and Housing Related Support (both in Adult Social Care placements) be approved and it be noted that the savings were allocated to an incorrect cost centre at the start of the financial year.
4. That the position in respect of the Capital Programme contained in Appendix 5b be noted and the items in the Table below be approved:
|
Scheme |
|
2018/19 Budget |
2019/20 Budget |
Narrative |
|
Corporate Services |
||||
|
Planning and Public Protection |
(1) |
(199,730) |
199,730 |
Reflects Projected Spending Pattern |
|
Housing Company |
(1) |
(200,000) |
200,000 |
Reflects current projected spending pattern |
|
Children, School and Families |
||||
|
Cricket Green expansion |
(1) |
(150,000) |
150,000 |
Reflects the estimated programme post contract award |
|
Healthy Schools |
(1) |
188,630 |
0 |
Funded by CSF grant |
|
Environment and Regeneration |
||||
|
Highway Bridges and Structures |
(1) |
200,000 |
(200,000) |
Re-profiled in accordance with projected spend |
|
Polka Theatre |
(1) |
0 |
150,000 |
To achieve ongoing revenue savings |
|
Bus Priority Scheme |
(1) |
(150,000) |
0 |
Correction to TfL Schemes |
|
Mitcham Town Centre |
(1) |
(435,680) |
425,000 |
CIL scheme re-profiled |
|
School Part Time Road Closure |
(1) |
74,000 |
0 |
TfL funded scheme |
|
Total |
|
(672,780) |
924,730 |
|
Report author: Andrew Wood
Publication date: 14/11/2018
Date of decision: 12/11/2018
Decided at meeting: 12/11/2018 - Cabinet
Effective from: 20/11/2018
Accompanying Documents:
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