Purpose

That Cabinet note the financial outturn
position on the revenue and capital programme for 2024/25 and
review the proposed amendments to the capital programme detailed in
Section 7 and appendices 2c, 2c1 of the report.

Decision

RESOLVED
:
 
A That Cabinet note the
financial outturn position on revenue for 2024/25 showing a net
overspend of £2.521m when corporate and funding items are
included.
 
B That Cabinet consider the outturn position on the Capital
Programme and approve the adjustments to the 2024-25 budget in
Appendix 2b
 
C That Cabinet review the
proposed amendments to the capital programme detailed in Section7,
and appendices 2c and 2c1 of the report, including: v) the proposed
SCIL Bid for the Artificial Pitch at Raynes Park High School
Appendix 2e. vi) the proposed SCIL Bid for Schools Sustainable
Drainage Appendix 2f. vii) the proposed replacement of fleet
vehicles – business case outstanding Appendix 2g. viii) Note
that the following schemes require Council Approval:
 
2025-26
 

 
CostCentre

ProjectGeneral

ApprovedBudget 2025-26

 
Adjustments

RevisedBudget 2025-26

Fundedby

Grant

Contribs.

SCIL/NCIL/
S106

Merton

Acquisitions Budget

Temporary Accommodation

0

20,000,000

20,000,000

(7,115,350)

0

0

(12,884,650)

Borough of Sport

Play Zones

0

1,624,960

1,624,960

0

(1,218,720)

(335,750)

(70,490)

 
2026-27
 

 

 

Cost Centre

Project General

 

 

 

Funded By

 

 

 

 

 

Approve
dBudget 2026-27

Adjustments

Revised
Budget2026-27

Grant

Contribs.

SCIL/NCIL/S106

Merton

 

Borough of Sport

Joeseph Hood New Pavillion

0

1,100,660

1,100,660

0

0

(1,100,651)

(9)

 

Borough of Sport

Raynes Park HS Com Artif
Pitch

0

1,200,000

1,200,000

0

(940,000)

(260,000)

0

 

Fleet Vehicles

Replacement of Fleet Vehicles (1)

0

3,300,000

3,300,000

0

 

 

(3,300,000)