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Agenda Item No. 6

 

The Vale of Glamorgan Council

 

Homes and Safe Communities Scrutiny Committee: 12th July 2017

 

Report of the Director of Environment and Housing

 

Revenue and Capital Monitoring for the Period 1st April to 31st  May 2017

 

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 May 2017 regarding those revenue and capital budgets, which form this Committee's remit.

Recommendation

It is recommended that :

  1. The position with regard to the 2017/18 Revenue and Capital Budgets are noted.

Reason for the Recommendation

  1. That Scrutiny Committee note the position with regard to the 2017/18 revenue and capital monitoring.

Background

  1. Council on the 1st March 2017 (minute no 864, 863 and 862 respectively) approved the Revenue, Capital and Housing Revenue Account (HRA) Budgets for 2017/18. 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 2017/18 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)

(131)

(131)

0

Council Fund Housing

1,126

1,126

0

Private Sector Housing

11,003

11,003

0

Regulatory Services

2,166

2,166

0

Youth Offending Service

701

701

0

TOTAL

14,865

14,865

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 £2.1666m 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 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.

2017/18 Savings Targets

  1. This year no savings targets have been allocated to services that fall under this Committee.

Capital

  1. Appendix 2 details financial progress on the Capital Programme as at 31st May 2017.
  2. Members should be aware that Appendix 2 includes requests for unspent committed expenditure to be slipped from 2016/17 into 2017/18. A request for this slippage has been approved by Managing Directors Emergency Powers.
  3. Salisbury Road Boiler - A delegated authority has been approved to allocate £45k of the Social Services Asset Renewal budget to the renewal of the boiler at the Youth Offending office at Salisbury Road.
  4. Castleland Renewal Area - A delegated authority has been approved to increase the Capital Programme by £85k to continue upgrading the Gladstone Gardens by upgrading the footways; improving the access points into the park; installing new site furniture; improving the pond; and the planting of trees, shrubs and bulbs. This is to be funded from s106 monies.

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

 

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