Purpose

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

Decision

RESOLVED:
That Cabinet
A Noted the financial reporting
data for period 9 (December) relating to revenue budgetary control,
showing a forecast net adverse variance of £9.436m when
corporate and funding items are included.
B Noted the contents of Section
7 of the report and appendices 5a to 5d and approve the proposed
adjustments to the programme in the table over the page:

 

 

RevisedBudget 2024-25
£

RevisedBudget 2025-26
£

RevisedBudget 2026-27
£

 
Explanationfor the Budgetary Change

Financeand Digital

 

 

 

 

 

Digital Strategy

(1)

 

600,000

600,000

Funded from Capital Receipts

TotalFinance and
Digital

 

0

600,000

600,000

 

Children,Lifelong Learning
& Families

 

 

 

 

 

Hollymount- Schools Capital Maintenance

n/a

(5,000)

 

 

 
 
 
 
 
 
 
 
 
Virements between Capital Grant Maintenance Schemes to
reflect projected spend levels

West Wimbledon- Schools Capital Maintenance

n/a

(5,480)

 

 

Joseph Hood- Schools Capital Maintenance

n/a

(6,600)

 

 

Dundonald- Schools Capital Maintenance

n/a

(1,270)

 

 

Merton Park- Schools Capital Maintenance

n/a

(9,810)

 

 

Pelham- Schools Capital Maintenance

n/a

(11,000)

 

 

Poplar- Schools Capital Maintenance

n/a

(6,800)

 

 

Wimbledon Chase- Schools Capital Maintenance

n/a

(6,000)

 

 

Abbotsbury- Schools Capital Maintenance

n/a

(8,690)

97,650

 

Bond- Schools Capital Maintenance

n/a

(2,000)

 

 

Haslemere- Schools Capital Maintenance

n/a

(12,000)

 

 

Liberty- Schools Capital Maintenance

n/a

(6,000)

 

 

Rutlish- Schools Capital Maintenance

n/a

(10,000)

 

 

Cricket Green- Schools Capital Maintenance

n/a

(7,000)

 

 

Mainstream SEN (ARP) - Primary ARP expansion

(1)

0

(20,000)

 

Reprofiled in line with projected Spend

Mainstream SEN (ARP) - Wimbledon Chase ARP
Expansion

(1)

20,000

 

 

Reprofiled in line with projected Spend

Perseid Lower- Perseid Expansion

(1)

(250,000)

250,000

 

Reprofiled in line with projected Spend

TotalChildren, Lifelong
Learning & Families

 

(327,650)

327,650

0

 

Environment,Civic Pride
& Climate

 

 

 

 

 

Public Protection and Developm
- Health and Safety Accide

(1)

25,000

 

 

Reprofiled in line with projected Spend

CCTV Investment- Willow Ln Bridge Improvements

(1)

 
(26,790)

26,790

 

Implementation of an Accident/Incident Reporting System
funded by Merton

Highways & Footways- Street Lighting Replacement
Pr

(1)

20,400

(20,400)

 

Reprofiled in line with projected Spend

Highways & Footways- Accesibility Programme

(1)

(35,000)

35,000

 

TfL Budget Reprofiled in line with projected
Spend

Highways & Footways- Casualty Reduction &
Schools

(1)

(60,000)

60,000

 

TfL Budget Reprofiled in line with projected
Spend

Highways & Footways- Traffic Schemes

(1)

 

420,000

140,000

SCIL Funded Addition

Cycle Route Improvements- Cycle Route
Improvements

(1)

5,310

 

 

TFL Budget Increased

Sports Facilities - Boro of Sport Infrastruct Fund

(1)

(300,000)

300,000

 

Reprofiled in line with projected Spend

Parks-Cricket Green Ward - Table Tennis Table

(1)

(1,900)

 

 

Scheme Complete NCIL Budget Relinquished

Parks-Ravensbury Ward - Table
Tennis Table

(1)

(4,300)

 

 

Scheme Complete NCIL Budget Relinquished

Parks-Parks Investment

(1)

(9,600)

320,000

 

Vired to cover additional costs in Cannizaro Park Safety
-
£250,000 SCIL Funding and £80k Revenue
Reserves

Parks-Cannizaro Park Safety

(1)

9,600

 

 

Budget Vired from Parks
Investment to Cover Additional Costs

Parks-Bridges and Structures

(1)

10,790

(10,790)

 

Reprofiled in line with projected Spend

Parks-Martin Way Green - Bright/Rev

(1)

(1,810)

 

 

Scheme Complete Budget Relinquished

TotalEnvironment, Civic
Pride & Climate

 

(368,300)

1,130,600

140,000

 

Housing& Sustainable
Development

 

 

 

 

 

Disabled Facilities Grant - Unfunded DFG Grant

(1)

30,000

 

 

Grant does not meet funding criteria but will provide
a
revenue saving - funded by a revenue
contribution

Borough Regeneration-Shop Front Improvement

(1)

95,000

(95,000)

 

Reprofiled in line with projected Spend

Borough Regeneration-Civic Pride Pub Realm
Improve

(1)

100,000

(100,000)

 

Reprofiled in line with projected Spend

TotalHousing &
Sustainable Development

 

225,000

(195,000)

0

 

OverallTotal

 

(470,950)

1,863,250

740,000

 

 
         
n/a As agreed in June 2023 monitoring
report schools’ capital maintenance budgets are funded by one
government grant and although on different cost centres are treated
as one budget for monitoring and budget management.
(1)         
Requires Cabinet and CMT Approval
(2)         
Requires Council Approval