Decision Maker: Cabinet

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: Yes

Date of Decision: January 15, 2025

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

Content: RESOLVED:   A. That Cabinet note the financial reporting data for period 8 (November) relating to revenue budgetary control, showing a forecast net adverse variance of £11.458m when corporate and funding items are included.   B. That Cabinet note 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 note the contents of Section 7 of the report and appendices 5a to 5d and approve the proposed adjustments in the Table below:       AdjustmentBudget2024-25 £ AdjustmentBudget2025-26 £ AdjustmentBudget2026-27 £ AdjustmentBudget2027-28 £ AdjustmentBudget2028-29 £   ExplanationfortheBudgetaryChange Financeand Digital               CustomerContact -Robotics ProcessAutomation (1) (32,240)         Relinquished CustomerContact-CustomerComplaintsPortals (1) (1,800)         Reprofiledinlinewithprojected spend CustomerContact -Customer Complaints (1) (47,450) 47,450       Reprofiledinlinewithprojected spend CustomerContact -Replace TKDialogue (1) (40,000) 40,000       Reprofiledinlinewithprojected spend CustomerContact-M365Tools-PowerAutomate (1) (17,810) 17,810       Reprofiledinlinewithprojected spend BusinessSystems-Planning&PublicProtectionSys (1) (200,000) 200,000       Reprofiledinlinewithprojected spend BusinessSystems-AncilliarySystems (1) (35,880) 35,880       Reprofiledinlinewithprojected spend SocialCare ITSystem -Mosaic APIs (1) (75,000) 75,000       Reprofiledinlinewithprojected spend ITPlannedReplacementProgramme (1) (105,000) 105,000       Reprofiledinlinewithprojected spend CorporateItems-AcquisitionsBudget (1)       (1,359,100) 1,359,100 Reprofiledinlinewithprojected spend CorporateItems-CapitalBiddingFund (1)       (679,550) 679,550 Reprofiledinlinewithprojected spend CorporateItems -Corporate CapitalContingency (1)       (1,142,290) 1,142,290 Reprofiledinlinewithprojected spend TotalFinance andDigital   (555,180) 521,140 0 (3,180,940) 3,180,940   Children,LifelongLearning&Families               Hillcross-SchoolCapitalMaintenance n/a 10,000             Virements between CapitalGrant Maintenance Schemes to reflect projectedspend levels Garfield-SchoolCapitalMaintenance n/a 1,500         Links-SchoolCapitalMaintenance n/a (3,790)         Singlegate-SchoolCapitalMaintenance n/a (52,000) 52,000       UnallocatedPrimarySchool-SchoolCapitalMaintenance n/a (33,820) 44,110       Rutlish-SchoolCapitalMaintenance n/a (116,000) 116,000       MelburyCollege - Smart Centre- School CapitalMaintenance n/a (18,000)         RicardsLodge6thFormExpans (1) (364,300) 364,300       Reprofiledinlinewithprojected spend PerseidLowerSchool Expansion (1) (300,000) 300,000       Reprofiledinlinewithprojected spend MainstreamSEN(ARP) (1)   (1,027,430)       Reprofiledinlinewithprojected spend MainstreamSEN(ARP)-SecondaryschARP expansion2 (1) (45,000) 45,000       Reprofiledinlinewithprojected spend MainstreamSEN (ARP)- RaynesPk SchARP expansion1 (1) (50,000) 50,000       Reprofiledinlinewithprojected spend MainstreamSEN(ARP)-SecondschoolARPexpansion3 (1) (20,000) 20,000       Reprofiledinlinewithprojected spend MainstreamSEN(ARP)-PrimaryARPexpansion (1) (20,000) 20,000       Reprofiledinlinewithprojected spend ChaucerCentre-SatelliteSchool (1) 20,000 1,007,430       Reprofiledinlinewithprojected spend ChildcareExpansion (1) (171,150) 171,150       Reprofiledinlinewithprojected spend TotalChildren,LifelongLearning&Families   (1,162,560) 1,162,560 0 0 0   Environment,CivicPride&Climate               OffStreet Parking- P&D- PeelHouse Carpark (1) (130,000) (320,000) 450,000     Reprofiledinlinewithprojected spend CCTVInvestment-CCTVcameras&infrastupgrade (1) 160,000 (160,000)       Reprofiledinlinewithprojected spend RecyclingandReuseSites-WasteBins (1)   (1,160,620) 1,160,620     Reprofiledinlinewithprojected spend Highways&Footways- MaintainAntiSkidandColoured (1)   (60,000) (60,000) (60,000) (60,000) Budget Relinquished Highways& Footways- Highwaysbridges & structures (1) (336,670) (300,000)       Budget Relinquished Highways& Footways - Culverts Upgrade (1) (113,900) 113,900       Reprofiledinlinewithprojected spend Highways&Footways- Walking&CyclingStrategy Del (1)   (900,000) 200,000 700,000   Reprofiledinlinewithprojected spend Highways& Footways- RaynesPark StepFree Access (1)       (250,000) 250,000 Reprofiledinlinewithprojected spend SportsFacilities- LeisureCentrePlant&Machine (1) (80,000) (70,000) 150,000     Reprofiledinlinewithprojected spend SportsFacilities-WimbledonParkLakeBuilding (1)   (250,000) (750,000) (1,000,000) 2,000,000 Reprofiledinlinewithprojected spend SportsFacilities-BoroofSportInfrastructFund (1)   (1,000,000) 1,000,000     Reprofiledinlinewithprojected spend Parks-MorleyParkEnhancements (1) (18,220) 13,220       £5,000to Revenueand £13,220Reprofiled to2025-26 Parks- SportsDrainage (1) (100,000) 100,000       Reprofiledinlinewithprojected spend Parks-WandleTreeSafe&ManProg (1)   (15,000)       Budget Relinquished Parks- BasketballCourt &Outdoor Gym (1) (44,850) 44,850       Reprofiledinlinewithprojected spend Parks- FiggesMarsh ParkImprovements (1) 26,830         NetwrkRailContribution Parks-MordRecAccess,Leis&Health (1) (39,110)         Budget Relinquished ClimateChangeInitiatives-BusinessRetrofit (1)   30,000 5,000 (87,500)   Reprofiledin line with projectedspend & some movedtorevenue TotalEnvironment,CivicPride&Climate   (675,920) (3,933,650) 2,155,620 (697,500) 2,190,000   InnovationandChange               CivicCentre-Boilers (1)   (200,000) 200,000     Reprofiledinlinewithprojected spend CivicCentre -Workplace Design (1) (180,000) 180,000       Reprofiledinlinewithprojected spend InvesttoSave (1)   (200,000) 100,000 100,000   Reprofiledinlinewithprojected spend TotalInnovationandChange   (180,000) (220,000) 300,000 100,000 0   Housing& SustainableDevelopment               Projects-AffordableHousing-Affordable Housing Fund (1)   (12,751,950) 422,160 10,142,850 2,186,940 Reprofiledinlinewithprojected spend Projects-AffordableHousing-AfganResettlementFund (1)   (672,000)       Budget Relinquished MajorProjects-SocialCareH- LearningDsbilityAffHousing (1)   (7,861,480) (5,585,690) 7,445,800 6,001,370 Reprofiledinlinewithprojected spend Projects-EmptyHomes-EmptyHomesStrategy (1) (250,000)         Budget Relinquished MitchamAreaRegeneration-RowanPkCommFacMatchFun (1)     (150,000)   150,000 Reprofiledinlinewithprojected spend MitchamAreaRegeneration-PollardsHillBusShelter (1)   (350,000) 350,000     Reprofiledinlinewithprojected spend MitchamAreaRegeneration -ChapterHouseYouth Theatre (1) (33,000) 33,000       Reprofiledinlinewithprojected spend MitchamAreaRegeneration -23rdMitchamScouthall (1) (13,740)         Budget Relinquished Wimbledon AreaRegeneration-CrowdedPlaces-HostileVehic (1) (95,710) 95,710       Reprofiledinlinewithprojected spend WimbledonAreaRegeneration-WimbVillHerit LedPblc Real (1) (40,000) (260,000) 300,000     Reprofiledinlinewithprojected spend WimbledonAreaRegeneration-WimbPublicRealmImplement (1) (201,020) 201,020       Reprofiledinlinewithprojected spend WimbledonAreaRegeneration-HaydonsRdPublicRealmImp (1) (250,000)         £127,833Relinquished£122,167toCivicPride Morden AreaRegeneration -Morden TCRegen MatchFunding (1)     (2,000,000) (2,000,000) 4,000,000 Reprofiledinlinewithprojected spend BoroughRegeneration-ShopFrontImprovements (1)   (200,000) 200,000     Reprofiledinlinewithprojected spend BoroughRegeneration-CivicPridePubRealmImprove (1) (130,000) (897,830) 1,150,000     £122,167From HaydonsRd PublicRealm TotalHousing &Sustainable Development   (1,013,470) (22,663,530) (5,313,530) 15,588,650 12,338,310   Overall Total   (3,587,130) (25,133,480) (2,857,910) 11,810,210 17,709,250     n/a        Asagreed inJune 2023monitoring reportschools’ capitalmaintenance budgetsare fundedby onegovernment grantand althoughon different cost centresare treatedas onebudget formonitoring andbudget management. (1)         RequiresCabinetandCMTApproval (2)         RequiresCouncilApproval