Top

Top

Agenda Item No. 4

 

The Vale of Glamorgan Council

 

Homes and Safe Communities Scrutiny Committee: 15th  February 2017

 

Report of the Director of Environment and Housing

 

Revenue and Capital Monitoring for the Period 1st April to 31st  December 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 December 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

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

Background

  1. On 14th November 2016, Cabinet approved the revised Revenue, Capital and Housing Revenue Account (HRA) Budgets for 2016/17 (minute nos. C3362, C3363 and C3364 respectively). 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)

768

768

0

Council Fund Housing

988

988

0

Private Sector Housing

11,021

11,021

0

Regulatory Services

2,218

2,218

0

Youth Offending Service

701

701

0

TOTAL

15,696

15,696

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, however, this is after a planned transfer from reserves to fund specific posts and issues arising as a result of the introduction of the Housing Act.
  4. Private Housing - There is currently a small favourable variance as a staff vacancy is aiding the adverse variance on Renewal Area fee income. Disabled Facility Grant fee income however remains above profile to assist the overall position. It is therefore anticipated that this service will outturn on target.
  5. Regulatory Services - The allocation of £2.218m 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 all savings will be achieved this year.

Capital

  1. Appendix 3 details financial progress on the Capital Programme as at 31st  December 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.
  4. WHQS Internal Works - Final accounts are now being agreed with contractors and it is anticipated that expenditure in the year will be £2.127m less than the budget.  At the end of the programme, tenants who have previously rejected the offer of works have been contacted with a view to carrying out the planned works.  Refusals for the improvement works have been received from tenants and these total approximately 10%, it has therefore been requested this funding be carried forward and utilised as required within the Housing Business Plan going forward.
  5. WHQS External Works - There have been delays in undertaking work this year due to difficulty in sourcing suitably skilled labour, ecology issues such as nesting birds and bats and leaseholder issues. It is anticipated that work will be completed in the next financial year and it has therefore been requested that £2.064m is carried forward into 2017/18 to enable completion of this scheme.
  6. Common Parts - As a result of the delay in undertaking the externals works, the start of works under this heading have been delayed as the external works need to be completed first. Work is now due to commence however it has been requested that £1.2m is carried forward into 2017/18.

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

 

Share on facebook Like us on Facebook