Purpose

That Cabinet approve any financial adjustments
and/or transfers as required

Decision

RESOLVED:
 

A.  
That Cabinet approve
£1,126,319 draw down from the Balancing the Budget
Reserve to Finance and Digital to fund the Dark Fibre programme of
works. The Council was awarded a grant to provide fibre in the
borough to CCTV camera and Council buildings. The grant only
covered certain areas and additional funding is required to rollout
to the other areas. Work has started using the grant but the
additional funding is now required to commission the other
work.

B. That Cabinet note
the contents of Section 5 and appendices 5a to 5c and approve
the adjustments to the Capital Programme in the 4 Tables below:

Cost Centre Narrative

Budget
2023-24
£

Budget
2024-25
£

Budget
2025-26
£

Explanation for the Budgetary
Change

Finance & Digital

 

 

 

 

Planned
Replacement Programme

(600,000)

600,000

0

SAN Reprocurement will now be in
early 2024-25

Social
Care IT System - Replacement SC System

(636,930)

636,930

0

Reprofiled in line with projected
spend

Business Systems - Parking System

0

(60,110)

0

Funding moved to Revenue

Finance & Digital

(1,236,930)

1,176,820

0

 

 

Cost Centre Narrative

Budget
2023-24
£

Budget
2024-25
£

Budget
2025-26
£

Explanation for the Budgetary
Change

Children, Lifelong Learning &
Families

 

 

 

 

Cricket Green Expansion

(39,040)

 

 

Reprofiling and Virement to Perseid
Lower Expansion

Perseid Lower Expansion

 

96,700

 

Perseid Upper Expansion

(9,130)

 

 

West Wimbledon ARP

(34,220)

 

 

Hatfeild ARP

(14,310)

 

 

Children's Centres - Family
Hubs

167,000

0

0

Second Tranche of Grant

Total Children, Lifelong Learning
& Families

70,300

96,700

0

 

 

Cost Centre Narrative

Budget
2023-24
£

Budget
2024-25
£

Budget
2025-26
£

Explanation for the Budgetary
Change

Environment, Civic Pride &
Climate

 

 

 

 

Raynes Park Area Roads - Raynes Park
Station Public Realm

1,760

0

0

Additional S106 Funding

Off Street Parking - P&D - Peel
House Carpark

(200,000)

200,000

0

Reprofiled in line with projected
spend

Fleet Vehicles - Fleet
De-carbonisation Infrastructure

0

300,000

0

Funded by Climate Change
Reserve

Highways and Footways - Highway
Bridges and Structures

14,170

0

0

Additional Section 106
Grant

Sports Facilities - Leisure Centre
Plant & Machine

(150,000)

150,000

0

Soft Play Equipment Madiera Hall
spend projected in 24-25

Parks - Green Spaces
Bridges

23,000

(23,000)

0

To cover the costs of Ravensbury
Bridge of £115k

Major Library Projects - Library
Video

24,500

 

 

New Grant Funding

Climate Change Initiatives -
Community Retrofit Loan

214,000

(140,000)

(100,000)

Budget to be paid to contractor in
2023-24

Total Environment, Civic Pride
& Climate

(72,570)

487,000

(100,000)

 

 

 

Cost Centre Narrative

Budget
2023-24
£

Budget
2024-25
£

Budget
2025-26
£

Explanation for the Budgetary
Change

Housing & Sustainable
Development

 

 

 

 

Mitcham Area Regeneration - New
Horizon Centre

(21,610)

0 

0 

Reduction in Civic Pride NCIL
Funding

Wimbledon Area Regeneration -
Haydons Road Public Realm

(327,060)

327,060

0 

Reprofiled in line with projected
spend

Wimbledon Area Regeneration - Wimb.
Village Heritage Led Public Realm

(50,000)

50,000

0 

Reprofiled in line with projected
spend

Morden Area Regeneration - Morden
Town Centre

(100,000)

100,000

0 

Reprofiled in line with projected
spend

Civic Centre - Civic Centre
Boilers

(1,884,080)

1,884,080

0 

Reprofiled in line with projected
spend

Civic Centre - Civic Centre Lighting
Upgrade

90,010

205,000

0 

Sub scheme separated and progressed
separately

Civic Centre - Workplace
Design

(295,010)

 

0 

Sub scheme separated and progressed
separately

Total Housing & Sustainable
Development

(2,587,750)

2,566,140

0

 

 

 

 

 

 

Overall Total

(3,826,950)

4,326,660

(100,000)

 

 

C.  
That Cabinet note the adjustments to the Capital Programme in the
Table below:

 

Cost Centre Narrative

Budget
2023-24
£

Budget
2024-25
£

Budget
2025-26
£

Explanation for the Budgetary
Change

Children, Lifelong Learning &
Families

 

 

 

 

Hollymount - Capital
Maintenance

(38,740)

0 

0 

Required adjustments to the approved
programme for the capital maintenance of schools - these schemes
are all funded by government grant and are treated as one budget
within the capital programme.

Hillcross - Capital
Maintenance

14,000

0 

0 

Bond - Capital
Maintenance

0 

40,000

0 

Singlegate - Capital
Maintenance

11,000

0 

0 

St Marks - Capital
Maintenance

1,590

0 

0 

Unallocated - Capital
Maintenance

(50,000)

22,150

0 

Melrose - Capital
Maintenance

(12,970)

12,970

0 

Total Children, Lifelong Learning
& Families

(75,120)

75,120

0