Purpose

To review the financial position of the
authority and adjust financial information as appropriate

Decision

RESOLVED:
 
A. That Cabinet note the financial reporting
data for period 8 (November) relating to revenue budgetary control,
showing a forecast net adverse variance of £11.458m when
corporate and funding items are included.
 
B. That Cabinet note the contents of Section 7 of the report and
appendices 5a to 5d and approve the proposed adjustments to the
programme in Appendix 5b That Cabinet note the contents of Section
7 of the report and appendices 5a to 5d and approve the proposed
adjustments in the Table below:
 

 

 

AdjustmentBudget2024-25

£

AdjustmentBudget2025-26
£

AdjustmentBudget2026-27

£

AdjustmentBudget2027-28

£

AdjustmentBudget2028-29
£

 
ExplanationfortheBudgetaryChange

Financeand Digital

 

 

 

 

 

 

 

CustomerContact -Robotics
ProcessAutomation

(1)

(32,240)

 

 

 

 

Relinquished

CustomerContact-CustomerComplaintsPortals

(1)

(1,800)

 

 

 

 

Reprofiledinlinewithprojected
spend

CustomerContact -Customer
Complaints

(1)

(47,450)

47,450

 

 

 

Reprofiledinlinewithprojected
spend

CustomerContact -Replace
TKDialogue

(1)

(40,000)

40,000

 

 

 

Reprofiledinlinewithprojected
spend

CustomerContact-M365Tools-PowerAutomate

(1)

(17,810)

17,810

 

 

 

Reprofiledinlinewithprojected
spend

BusinessSystems-Planning&PublicProtectionSys

(1)

(200,000)

200,000

 

 

 

Reprofiledinlinewithprojected
spend

BusinessSystems-AncilliarySystems

(1)

(35,880)

35,880

 

 

 

Reprofiledinlinewithprojected
spend

SocialCare ITSystem -Mosaic
APIs

(1)

(75,000)

75,000

 

 

 

Reprofiledinlinewithprojected
spend

ITPlannedReplacementProgramme

(1)

(105,000)

105,000

 

 

 

Reprofiledinlinewithprojected
spend

CorporateItems-AcquisitionsBudget

(1)

 

 

 

(1,359,100)

1,359,100

Reprofiledinlinewithprojected
spend

CorporateItems-CapitalBiddingFund

(1)

 

 

 

(679,550)

679,550

Reprofiledinlinewithprojected
spend

CorporateItems -Corporate
CapitalContingency

(1)

 

 

 

(1,142,290)

1,142,290

Reprofiledinlinewithprojected
spend

TotalFinance andDigital

 

(555,180)

521,140

0

(3,180,940)

3,180,940

 

Children,LifelongLearning&Families

 

 

 

 

 

 

 

Hillcross-SchoolCapitalMaintenance

n/a

10,000

 

 

 

 

 
 
Virements
between CapitalGrant Maintenance Schemes
to reflect projectedspend levels

Garfield-SchoolCapitalMaintenance

n/a

1,500

 

 

 

 

Links-SchoolCapitalMaintenance

n/a

(3,790)

 

 

 

 

Singlegate-SchoolCapitalMaintenance

n/a

(52,000)

52,000

 

 

 

UnallocatedPrimarySchool-SchoolCapitalMaintenance

n/a

(33,820)

44,110

 

 

 

Rutlish-SchoolCapitalMaintenance

n/a

(116,000)

116,000

 

 

 

MelburyCollege - Smart Centre- School CapitalMaintenance

n/a

(18,000)

 

 

 

 

RicardsLodge6thFormExpans

(1)

(364,300)

364,300

 

 

 

Reprofiledinlinewithprojected
spend

PerseidLowerSchool
Expansion

(1)

(300,000)

300,000

 

 

 

Reprofiledinlinewithprojected
spend

MainstreamSEN(ARP)

(1)

 

(1,027,430)

 

 

 

Reprofiledinlinewithprojected
spend

MainstreamSEN(ARP)-SecondaryschARP expansion2

(1)

(45,000)

45,000

 

 

 

Reprofiledinlinewithprojected
spend

MainstreamSEN (ARP)- RaynesPk
SchARP expansion1

(1)

(50,000)

50,000

 

 

 

Reprofiledinlinewithprojected
spend

MainstreamSEN(ARP)-SecondschoolARPexpansion3

(1)

(20,000)

20,000

 

 

 

Reprofiledinlinewithprojected
spend

MainstreamSEN(ARP)-PrimaryARPexpansion

(1)

(20,000)

20,000

 

 

 

Reprofiledinlinewithprojected
spend

ChaucerCentre-SatelliteSchool

(1)

20,000

1,007,430

 

 

 

Reprofiledinlinewithprojected
spend

ChildcareExpansion

(1)

(171,150)

171,150

 

 

 

Reprofiledinlinewithprojected
spend

TotalChildren,LifelongLearning&Families

 

(1,162,560)

1,162,560

0

0

0

 

Environment,CivicPride&Climate

 

 

 

 

 

 

 

OffStreet Parking- P&D-
PeelHouse Carpark

(1)

(130,000)

(320,000)

450,000

 

 

Reprofiledinlinewithprojected
spend

CCTVInvestment-CCTVcameras&infrastupgrade

(1)

160,000

(160,000)

 

 

 

Reprofiledinlinewithprojected
spend

RecyclingandReuseSites-WasteBins

(1)

 

(1,160,620)

1,160,620

 

 

Reprofiledinlinewithprojected
spend

Highways&Footways- MaintainAntiSkidandColoured

(1)

 

(60,000)

(60,000)

(60,000)

(60,000)

Budget
Relinquished

Highways&
Footways- Highwaysbridges & structures

(1)

(336,670)

(300,000)

 

 

 

Budget
Relinquished

Highways&
Footways - Culverts Upgrade

(1)

(113,900)

113,900

 

 

 

Reprofiledinlinewithprojected
spend

Highways&Footways- Walking&CyclingStrategy Del

(1)

 

(900,000)

200,000

700,000

 

Reprofiledinlinewithprojected
spend

Highways& Footways-
RaynesPark StepFree Access

(1)

 

 

 

(250,000)

250,000

Reprofiledinlinewithprojected
spend

SportsFacilities- LeisureCentrePlant&Machine

(1)

(80,000)

(70,000)

150,000

 

 

Reprofiledinlinewithprojected
spend

SportsFacilities-WimbledonParkLakeBuilding

(1)

 

(250,000)

(750,000)

(1,000,000)

2,000,000

Reprofiledinlinewithprojected
spend

SportsFacilities-BoroofSportInfrastructFund

(1)

 

(1,000,000)

1,000,000

 

 

Reprofiledinlinewithprojected
spend

Parks-MorleyParkEnhancements

(1)

(18,220)

13,220

 

 

 

£5,000to Revenueand
£13,220Reprofiled to2025-26

Parks- SportsDrainage

(1)

(100,000)

100,000

 

 

 

Reprofiledinlinewithprojected
spend

Parks-WandleTreeSafe&ManProg

(1)

 

(15,000)

 

 

 

Budget
Relinquished

Parks- BasketballCourt
&Outdoor Gym

(1)

(44,850)

44,850

 

 

 

Reprofiledinlinewithprojected
spend

Parks- FiggesMarsh ParkImprovements

(1)

26,830

 

 

 

 

NetwrkRailContribution

Parks-MordRecAccess,Leis&Health

(1)

(39,110)

 

 

 

 

Budget
Relinquished

ClimateChangeInitiatives-BusinessRetrofit

(1)

 

30,000

5,000

(87,500)

 

Reprofiledin line with projectedspend & some movedtorevenue

TotalEnvironment,CivicPride&Climate

 

(675,920)

(3,933,650)

2,155,620

(697,500)

2,190,000

 

InnovationandChange

 

 

 

 

 

 

 

CivicCentre-Boilers

(1)

 

(200,000)

200,000

 

 

Reprofiledinlinewithprojected
spend

CivicCentre -Workplace
Design

(1)

(180,000)

180,000

 

 

 

Reprofiledinlinewithprojected
spend

InvesttoSave

(1)

 

(200,000)

100,000

100,000

 

Reprofiledinlinewithprojected
spend

TotalInnovationandChange

 

(180,000)

(220,000)

300,000

100,000

0

 

Housing&
SustainableDevelopment

 

 

 

 

 

 

 

Projects-AffordableHousing-Affordable Housing Fund

(1)

 

(12,751,950)

422,160

10,142,850

2,186,940

Reprofiledinlinewithprojected
spend

Projects-AffordableHousing-AfganResettlementFund

(1)

 

(672,000)

 

 

 

Budget
Relinquished

MajorProjects-SocialCareH- LearningDsbilityAffHousing

(1)

 

(7,861,480)

(5,585,690)

7,445,800

6,001,370

Reprofiledinlinewithprojected
spend

Projects-EmptyHomes-EmptyHomesStrategy

(1)

(250,000)

 

 

 

 

Budget
Relinquished

MitchamAreaRegeneration-RowanPkCommFacMatchFun

(1)

 

 

(150,000)

 

150,000

Reprofiledinlinewithprojected
spend

MitchamAreaRegeneration-PollardsHillBusShelter

(1)

 

(350,000)

350,000

 

 

Reprofiledinlinewithprojected
spend

MitchamAreaRegeneration
-ChapterHouseYouth
Theatre

(1)

(33,000)

33,000

 

 

 

Reprofiledinlinewithprojected
spend

MitchamAreaRegeneration
-23rdMitchamScouthall

(1)

(13,740)

 

 

 

 

Budget
Relinquished

Wimbledon AreaRegeneration-CrowdedPlaces-HostileVehic

(1)

(95,710)

95,710

 

 

 

Reprofiledinlinewithprojected
spend

WimbledonAreaRegeneration-WimbVillHerit LedPblc Real

(1)

(40,000)

(260,000)

300,000

 

 

Reprofiledinlinewithprojected
spend

WimbledonAreaRegeneration-WimbPublicRealmImplement

(1)

(201,020)

201,020

 

 

 

Reprofiledinlinewithprojected
spend

WimbledonAreaRegeneration-HaydonsRdPublicRealmImp

(1)

(250,000)

 

 

 

 

£127,833Relinquished£122,167toCivicPride

Morden
AreaRegeneration -Morden TCRegen MatchFunding

(1)

 

 

(2,000,000)

(2,000,000)

4,000,000

Reprofiledinlinewithprojected
spend

BoroughRegeneration-ShopFrontImprovements

(1)

 

(200,000)

200,000

 

 

Reprofiledinlinewithprojected
spend

BoroughRegeneration-CivicPridePubRealmImprove

(1)

(130,000)

(897,830)

1,150,000

 

 

£122,167From HaydonsRd PublicRealm

TotalHousing &Sustainable
Development

 

(1,013,470)

(22,663,530)

(5,313,530)

15,588,650

12,338,310

 

Overall Total

 

(3,587,130)

(25,133,480)

(2,857,910)

11,810,210

17,709,250

 

 

n/a       
Asagreed inJune 2023monitoring reportschools’
capitalmaintenance budgetsare fundedby onegovernment grantand
althoughon

different cost centresare treatedas
onebudget formonitoring andbudget management.

(1)        
RequiresCabinetandCMTApproval
(2)        
RequiresCouncilApproval