Purpose

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

Decision

RESOLVED:
 
That Cabinet:
 
A: Note the financial reporting
data for period 10 (January) relating to revenue budgetary control,
showing a forecast net adverse variance of £7.602m when
corporate and funding items are included.
 
B: Note the contents of Section
7 of the report and appendices 5a to 5d and approve the proposed
adjustments to the programme in the table:

 

 

RevisedBudget 2024-25
£

 
Explanationfor the
Budgetary Change

Children,Lifelong Learning
& Families

 

 

 

Abbotsbury- Schools Capital maintenance

n/a

(6,000)

 
 
Virements between Capital Grant Maintenance Schemes to
reflect projected spend levels

Gorringe Park- Schools Capital maintenance

n/a

(5,000)

Unlocated Primary School Proj- Schools Capital
maintenance

n/a

30,000

Melbury College - Smart Centre- Schools Capital
maintenance

n/a

(10,000)

Perseid Lower- Schools Capital maintenance

n/a

(9,000)

TotalChildren, Lifelong
Learning & Families

 

0

 

Environment,Civic Pride & Climate

 

 

 

Cycle Route Improvements - Cycle access/parking

(1)

23,000

Additional TfL Funding

Parks- Cannizaro Flood Management

(1)

(8,700)

Budget Relinquished

TotalEnvironment, Civic
Pride & Climate

 

14,300

 

OverallTotal

 

14,300

 

 
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