Purpose

Financial monitoring
for quarter 1 period 2024/25

Decision

RESOLVED:
 
A. That Cabinet noted the financial reporting
data for quarter 1, relating to revenue budgetary control, showing
a forecast net adverse variance of £11.394m when corporate
and funding items are included.
B. That Cabinet agreed the proposed revenue
budget virements set out in paragraph 6.3
C. That Cabinet noted the contents of Section
5 of the report and appendices 5a to 5h and approve the proposed
adjustments to the programme in Appendix 5b
D. That Cabinet approved the capital bids for
the following schemes:
i) the proposed SCIL Bid for Amenity Way of
£4,661,640 detailed in Appendix 5d.
ii) the revision to Amenity Way incl Waste
Transfer Station (previously Waste Transfer Station) at Appendix 5d
and approve this £5,221,640 addition to the capital programme
of which £560,000 funded by Merton the remainder by SCIL.
iii) the proposed replacement of 21 vehicles
(of which 15 are non-ULEZ compliant) as detailed in Appendix 5e
which requires and addition £74,000 to the capital programme
in 2024-25 and £45,000 is added to transport revenue budgets
per annum (pro rata from the date of operation).
iv) The proposed health and safety scheme for
Peel House Car Park requiring £208,120 additional funding
(Appendix 5g)
v) SCIL bid for match funding of
£108,000 for vehicle electric charging points -
£200,000 grant received. (Appendix 5h)
vi) The proposed virement from of virement of
£165,000 from Children’s Safeguarding to Care Leavers
Accommodation detailed in Appendix 5i
E. That Cabinet approved the top slice charges
for the administration and delivery fees of the Disabled Facilities
Grant) from the annual Disabled Facilities Grant allocation from 1
January 2024 (Appendix 5f)