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Agenda Item No

The Vale of Glamorgan Council

 

Homes and Safe Communities Scrutiny Committee: 15th June 2016

 

Report of the Director of Environment and Housing

 

Revenue and Capital Monitoring for the Period 1st April to 30th April 2016

Purpose of the Report

  1. To bring to the attention of this Scrutiny Committee, the position in respect of revenue and capital expenditure for the period 1st April to 30th April 2016 regarding those revenue and capital budgets, which form this Committee's remit.

Recommendations

It is recommended that :

  1. The position with regard to the 2016/17 Revenue and Capital Budgets are noted.

Reasons for the Recommendations

  1. That Scrutiny Committee note the position with regard to the 2016/17 revenue and capital monitoring.

Background

  1. Council on the 2nd March 2016 (minute no 885 and 884 respectively) approved the Revenue and Capital Budgets for 2016/17. Reports monitoring expenditure are brought to this committee on a regular basis.

Relevant Issues and Options

Revenue

  1. The Revenue Budget and projected outturn for 2016/17 are shown in the table below. As it is very early in the financial year, the current forecast is for a balanced budget.
 

Revenue Budget

Probable Outturn

Variance

(+ ) Favourable

(-) Adverse

 

£000

£000

£000

Public Sector Housing (HRA)

(22)

(22)

0

Council Fund Housing

744

744

0

Private Sector Housing

11,262

11,262

0

Regulatory Services

2,056

2,056

0

Youth Offending Service

696

696

0

TOTAL

14,736

14,736

0

       

  

  1. A graph and table setting out the variance between profiled budget and actual expenditure to date is attached at Appendix 1.
  2. Public Sector Housing (HRA) - The HRA is expected to outturn on target and any underspends in year will be offset by additional contributions to Capital Expenditure thus reducing the reliance on Unsupported Borrowing.
  3. Council Fund Housing - At this early stage of the year, it is anticipated that this budget will outturn on target.
  4. Private Housing - As it is very early in the financial year there is currently no variance to the profiled budget.
  5. Regulatory Services - The allocation of £2.056m represents the Vale of Glamorgan's budget for its share of the Shared Regulatory Service (SRS)'s running costs as well as central overhead budgets (not directly charged to the SRS) less income directly attributable to the Council. A separate set of accounts is maintained for the SRS and periodically reported to the Shared Regulatory Service Joint Committee. At this stage in the year it is anticipated that the SRS will outturn on target.
  6. Other services are anticipated to outturn on target by year end.

2016/17 Savings Targets

  1. Attached at Appendix 2 is a list of savings to be achieved this year for this Committee. At this early stage of the year, services are working towards fully achieving their savings targets however updates will be provided to members during the year.

Capital

  1. Appendix 3 details financial progress on the Capital Programme as at 30th April 2016.
  2. Members should be aware that Appendix 3 does not include requests for unspent committed expenditure to be slipped from 2015/16 into 2016/17. A request for this slippage will be included in the Closing Down report presented to a future Cabinet meeting.
  3. Appendix 4 provides non-financial information on capital construction schemes with a budget of over £100k
  4. For all schemes where it is evident that the full year's budget will not be spent during the year, the relevant officers are required to provide an explanation for the shortfall and this shall be taken to the earliest available Cabinet.
  5. Castleland Renewal Area - £100k of this budget is uncommitted and due to the ongoing commitments to make good the poor workmanship of Phase 5b of the Penarth Renewal Area at Queens Road, it is estimated that a budget of £100k will be needed to complete these works. Options are currently being explored to recover this money. It is therefore requested to vire £100k from the Castleland Renewal Area to the Penarth Renewal Area scheme.
  6. Housing Improvement Programme - A Delegated Authority request has been used to allocate the £28.882m budget as follows :

WHQS Internals                                                      £2,085k

WHQS Externals                                                      £17,339k

Jenner Road                                                            £920k

Clive Road                                                               £113k

St Lukes                                                                  £1,059k

St Pauls                                                                   £457k

Williams Crescent                                                     £1,354k

Emergency Works                                                     £151k

Aids and Adaptations                                                 £400k

Regeneration                                                            £230k

Common Parts                                                          £2,200k

WHQS Environmental Improvements                          £774k

New Build                                                                 £1,800k

Resource Implications (Financial and Employment)

  1. As detailed in the body of the report.

Sustainability and Climate Change Implications

  1. There are no direct implications arising from this report.

Legal Implications (to Include Human Rights Implications)

  1. There are no legal implications.

Crime and Disorder Implications

  1. There are no crime and disorder implications.

Equal Opportunities Implications (to include Welsh Language issues)

  1. There are no equal opportunity implications.

Corporate/Service Objectives

  1. Effective monitoring assists in the provision of accurate and timely information to officers and members and in particular allows services to better manage their resources.

Policy Framework and Budget

  1. Report is in accordance with the Policy Framework and Budget.

Consultation (including Ward Member Consultation)

  1. The appropriate Chief Officer has been consulted. This report does not require Ward Member consultation.

Background Papers

None

Contact Officer

Carolyn Michael (Operational Manager - Accountancy) (01446 709778)

Officers Consulted

Director of Environment and Housing

Responsible Officer:

Miles Punter

Director of Environment and Housing