THE VALE OF GLAMORGAN COUNCIL
CABINET: 4TH MARCH, 2013
REFERENCE FROM SCRUTINY COMMITTEE (HOUSING AND PUBLIC PROTECTION): 13TH FEBRUARY, 2013
“ REVENUE AND CAPITAL MONITORING FOR THE PERIOD 1ST APRIL 2012 TO 31ST DECEMBER 2012 (DDS AND DVSH) –
The Revenue Budget and projected outturn for 2012/13 was shown in Appendix 1 to the report. The Public Sector Housing (HRA) was predicted to outturn on target and currently showed a favourable variance of £134,000 against the profiled budget. The variance was made up of a number of factors as detailed in paragraph 4 to the report.
The General Fund Housing was currently showing a favourable variance of £11,000 on supplied and services but was expected to outturn on target.
The Private Sector Housing and Public Protection accounts were both predicted to outturn on target.
Appendix 2 to the report detailed the financial progress on the Capital Programme as at 31st December 2012.
In regard to the Housing Improvement Programme, it was noted that as works were proceeding on the WHQS it had become evident that the existing budgets need to be updated in order to reflect what was achievable on each budget by the year end. There was no issue with underspending on the total budget but each individual allocation required to be reviewed. This review would take place in the next month and would be undertaken via delegated authority to officers. Members would be advised of any changes in the next capital monitoring report.
Variances between actual spend to date and profiled spend related to the following matter:
· Castleland Renewal Area – as stated in the last report to Committee on 16th January 2013, payments had been behind profile on property lifting scheme due in part, to low takeup of insulation works by householders who had already had these works undertaken by other means as well as delays on site due to bad weather. As a result it is requested that Cabinet (and Council) be asked to approve slippage of the projected underspend of £445,000 into the 2013/14 financial year in order to fund the next phases of the renewal area works.
Having regard to the above and related issues, it was
RECOMMENDED – T H A T the position with regard to the 2012/13 Revenue and Capital Monitoring be noted and the proposed amendment to reduce the Castleland Renewal Area capital budget to £1.26m. in 2012/13 and the carrying forward of £445,000 to 2013/14 be endorsed and referred to Cabinet and Council for approval.
Reason for recommendation
To apprise Members of the current position with regard to revenue and capital monitoring expenditure and to seek Cabinet and Council’s approval of the proposed amendment to the Capital Programme.”
Attached as Appendix - Report to Scrutiny Committee (Housing and Public Protection): 13th February 2013