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Agenda Item No. 4

 

The Vale of Glamorgan Council

 

Homes and Safe Communities Scrutiny Committee: 14th  September 2016

 

Report of the Director of Environment and Housing

 

Revenue and Capital Monitoring for the Period 1st April to 31st  July 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 31st July 2016 regarding those revenue and capital budgets, which form this Committee's remit.

Recommendation

It is recommended that :

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

Reason for the Recommendation

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 and is currently forecasting 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 - It is anticipated that this budget will outturn on target, although there is a slight underspend to date as a result of staff vacancies.
  4. Private Housing - There is currently a small adverse variance as the favourable variance relating to additional Disabled Facility Grant fee income is slightly outweighed by the adverse variance on Renewal Area fee income. It is still anticipated that this service will outturn on target by year end.
  5. Regulatory Services - The allocation of £2.056m represents the Vale of Glamorgan's budget for its share of the Shared Regulatory Service (SRS). A separate set of accounts is maintained for the SRS and is 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. It is anticipated that the majority of the savings will be achieved by year end.

Capital

  1. Appendix 3 details financial progress on the Capital Programme as at 31st July 2016.
  2. Appendix 4 provides non-financial information on capital construction schemes with a budget of over £100k.
  3. 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.

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)

Officers Consulted

Director of Environment and Housing

Responsible Officer:

Miles Punter, Director of Environment and Housing