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Agenda Item No.

 

 

THE VALE OF GLAMORGAN COUNCIL

 

CABINET: 13TH APRIL 2015

 

REFERENCE FROM SCRUTINY COMMITTEE (CORPORATE RESOURCES): 17TH MARCH, 2015

 

 

CAPITAL MONITORING REPORT FOR THE PERIOD 1ST APRIL TO 31ST JANUARY 2015 (MD) –

 

Details of the financial progress on the Capital Programme was shown in Appendices 1 and 2 to the report.

 

The Head of Finance referred Members to paragraphs 6 to 22 of the report, which contained a summary of progress up to 31st January 2015 for individual Capital Programmes.

 

The report also highlighted that where schemes had a value of over £500,000 and showed a variance of 20% or more between the actual spend and the profiled budget, further information would be provided.  The following schemes met this criteria:

 

·            Ysgol Gwaun y Nant / Oakfield – amendments to programming / sequencing of works had resulted in actual expenditure that was less than the initial spend profile.  This did not adversely affect the final cost of the project.

·            In respect of the Welsh Housing Quality Standards works, there was likely to be a variance in the expenditure as the extent of the works required in a property was not known until the works commenced.  More had been spent than was projected on Kitchen Replacements, Bathrooms and Asbestos Management.

 

It was subsequently

 

RECOMMENDED –

 

(1)      T H A T the following recommendations that amend the 2014/15 Capital Programme be endorsed and reported to Cabinet for approval:

 

·            Additional Education Asset Renewal Schemes - It is requested that Cabinet notes that Emergency Powers have been approved for this scheme.

·            Llanfair Primary Roof Renewal - It is requested that Cabinet notes that Delegated Authority that has been exercised for this scheme and notes that the £11,000 shortfall has been funded from the Education Asset Renewal Contingency Budget.

·            Housing Improvement Programme - It is requested that Cabinet notes that Delegated Authority has been approved to vary the scheme.

·            That Cabinet approves the following changes to the 2014/15 Capital Programme.

·            A4226 Five Mile Lane Improvements Ground Investigation - It is requested that the 2014/15 Capital Programme be increased by £48,485.04, funded by a reimbursement from Welsh Government.

·            Replacement Network Switches Alps Depot - It is requested to increase this budget by £5,000 to be funded from a virement of £3,000 from the IT Storage Augmentation scheme and a virement of £2,000 from the Resources Asset Renewal budget.

 

(2)      T H A T Cabinet recommends to Council the following changes to the 2014/15 Capital Programme be approved:

 

·            Penarth Learning Community - It is requested to increase the Penarth Learning Community scheme budget by £235,000 to be funded by a contribution from the School Investment Strategy Reserve.

·            Llantwit Major Library - It is requested that £4,000 is carried forward into the 2015/16 Capital Programme.

·            Ewenny Road Bridge - It is requested that £975,000 is carried forward to the 2015/16 Capital Programme.

·            Gileston to Old Mill - It is requested that £195,000 is carried forward into the 2015/16 Capital Programme.

·            Visible Services Highway Improvements Resurfacing - It is requested that £120,000 is carried forward in to the 2015/16 Capital Programme.

·            Ashpath Footpath Improvements - It is requested to carry forward £8,000 of this budget into the 2015/16 Capital Programme.

·            Cogan Hall Farm - It is requested that £10,000 is carried forward into the 2015/16 Capital Programme.

·            Byrd Crescent Community Centre - It is requested to carry forward £10,000 into the 2015/16 Capital Programme.

·            Italian Shelter Penarth - It is requested to carry forward £25,000 into the 2015/16 Capital Programme.

·            St. Paul’s Church - It is requested that £245,000 is carried forward into the 2015/16 Capital Programme.

·            Demolition of block at Court Road Depot - It is requested that £279,000 of this budget is carried forward into the 2015/16 Capital Programme.   

·            Civic Offices Partial Roof Replacement - It is requested that £269,000 of this budget is carried forward to the 2015/16 Capital Programme.

 

Reason for recommendations

 

(1&2)  To allow schemes to proceed in the current or future financial years.

 

 

 

 

 

Attached as Appendix – Report to Scrutiny Committee (Corporate Resources): 17th March 2015

 

 

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