Decision Maker: Cabinet

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: Yes

Date of Decision: October 14, 2024

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

Content: RESOLVED:   A. That Cabinet noted the financial reporting data for period 5 (August) relating to revenue budgetary control, showing a forecast net adverse variance of £14.805m when corporate and funding items are included.   B. That Cabinet noted the contents of Section 7 of the report and appendices 5a to 5d and approve the proposed adjustments to the programme in Appendix 5b   That Cabinet noted the contents of Section 7 of the report and appendices 5a to 5d and approved the proposed adjustments in the Table below:       Adjustment Budget 2024-25 £ Adjustment Budget 2025-26 £ Adjustment Budget 2026-27 £ Adjustment Budget 2027-28 £   ExplanationfortheBudgetaryChange FinanceandDigital             CustomerContactProgramme-CustContact-UnifiedDataModel (1) (100,000) 0 0 0 AdjustedbetweenITprojectsand reprofiledin linewith projectedspend SocialCareITSystem-MosaicASCChanges (1) 55,000 (100,000) 0 0 SocialCareITSystem-ReplacementSC System (1) 145,000 0 0 0 TotalFinanceandDigital   100,000 (100,000) 0 0   Children, Lifelong Learning& Families             MainstreamSEN (ARP)- ProjectGeneral (1) 0 70,740 0 0 VirementsbetweenSENschemesandre-profilingtoreflect projectedspendlevel MainstreamSEN (ARP)-CranmerPrimarySchoolNewARP (1) (45,740) 0 0 0 MainstreamSEN (ARP)-WestWimbPrimaryARPexpansio (1) (25,000) 0 0 0 MainstreamSEN (ARP)- SecondschoolARP expansion3 (1) (30,000) 30,000 0 0 Reprofiledin linewithprojectedspend MainstreamSEN (ARP)- PrimaryARPexpansion (1) (30,000) 30,000 0 0 Reprofiledin linewithprojectedspend YouthProvision- PollardsHillDigitalDivide (1) (38,220) 0 0 0 UnderspendtransferredbacktoSCILPot TotalChildren, Lifelong Learning& Families   (168,960) 130,740 0 0   Environment,CivicPride& Climate             HighwaysandFootways- StreetLightingReplacementPr (1) 0 360,000 360,000 360,000 HealthandSafetyColumnReplacementSCILFunded LEDReplacement SportsFacilities- Boroof SportInfrastructFund (1) 130,000 (130,000) 0 0 Reprofiledin linewithprojectedspend TotalEnvironment,CivicPride& Climate   130,000 230,000 360,000 360,000   Housing& Sustainable Development                           TotalHousing& Sustainable Development   0 0 0 0   Housing& Sustainable Development                           Projects- AffordableHousing- AffordableHousingFund (2) 0 13,935,000 6,935,000 7,000,000 DetailedReport Elsewhereon theAgenda MitchamAreaRegeneration-NorthEastMitchamCommCentre (1) (27,360) 0 0 0 Partof schememovedtorevenuefordemolitioncosts BoroughRegeneration - SchoolLivingWalls (1) (2,000) 0 0 0 The structureof thegrantagreementsmeansthefinal£2k willbe arevenuepayment TotalHousing& Sustainable Development   (29,360) 13,935,000 6,935,000 7,000,000   OverallTotal   31,680 14,195,740 7,295,000 7,360,000       Pleasenotetheamendments(1) requireCabinetapprovaltheAffordableHousingFund(2) willrequire Councilapproval