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Agenda Item No 5

The Vale of Glamorgan Council

 

Learning and Culture Scrutiny Committee: 17th July 2017

 

Report of the Director of Learning and Skills

 

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

Reason for the Recommendation

  1. That Members are aware of the position with regard to the 2017/18 revenue and capital monitoring relevant to this Scrutiny Committee.

Background

  1. Council on the 1st March 2017 (minute no 864 and 863 respectively) approved the Revenue and Capital Budgets for 2017/18. Reports monitoring expenditure are brought to this Committee on a regular basis.

Relevant Issues and Options

Revenue

  1. It is very early in the financial year and the forecast is shown as a balanced budget, with an anticipated use of reserves. There will be pressure on this service in the coming year.

Learning & Culture               

Revenue Budget

Probable Outturn

Variance

(+ ) Favourable

(-) Adverse

 

£000

£000

£000

Schools

82,957

82,957

0

Strategy, Culture, Community Learning & Resources

11,735

11,735

0

Strategy and Regulation

235

235

0

Achievement for All

3,839

3,839

0

School Improvement

1,123

1,123

0

TOTAL

99,889

99,889

0

       
  1. A graph and table setting out the variance between profiled budget and actual expenditure to date is attached at Appendix 1.
  2. Schools - The delegated budget relating to schools is expected to balance as any under/over spend is carried forward by schools.
  3. Achievement for All - This service is anticipated to outturn at budget after drawing down £200k from the School Placement reserve. The recoupment income budget continues to be under significant pressure and will be monitored carefully over the coming months.
  4. Other Services - At this early stage in the financial year, all other services are anticipated to outturn within budget.
  5. The Directorate has requested to vire budget between service headings. A virement of £520k is required from the Achievement for All budget to the overall Schools budget in respect of the transfer of the out of county income budget for enhanced placements at Ysgol Y Deri.
  6. Due to the senior management restructure and the allocation of savings, there are a number of virements required within the directorate. These are summarised as follows:-
 

Virement

£'000

School Improvement

-1

Strategy and Regulation

-8

Strategy, Community Learning & Resources

-62

Achievement for All

+71

TOTAL

0

   
  1. The above virements have been included in the table at paragraph 3 and in Appendix 1.
  2. Provision has been made within the budget to make unsupported borrowing debt repayments in relation to the Schools Investment Strategy of £598k per annum and any favourable variance on debt repayments will be directed into the Schools Investment Strategy.

2017/18 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 31st May 2017.
  2. Members should be aware that Appendix 3 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 Director's Emergency Powers.
  3. There are no other changes to report to the programme at present.

Resource Implications (Financial and Employment)

  1. As detailed in the body of the report.

Sustainability and Climate Change Implications

  1. As detailed in the body of the 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. The 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

Head of Strategy, Community Learning and Resources

Responsible Officer:

Paula Ham, Director of Learning and Skills