THE VALE OF GLAMORGAN COUNCIL
CABINET: 27TH JULY, 2015
REFERENCE FROM SCRUTINY COMMITTEE (CORPORATE RESOURCES): 23RD JUNE, 2015
“139 REVENUE MONITORING FOR THE PERIOD 1ST APRIL TO 30TH APRIL, 2015 (MD) -
The Scrutiny Committee was advised of progress in relation to revenue expenditure for the period 1st April to 30th April, 2015. As it was early in the financial year the forecast for the 2015/16 Revenue Budget was for an outturn within targets at year end. The Housing Revenue Account (HRA) budget for 2015/16 was also forecast to outturn on target.
As far as the Education Budget was concerned it was projected to balance at the end of the year. Provision had been made within this budget to make unsupported borrowing debt repayments in relation to the Schools Investment Strategy of £698,000 per annum, with any favourable variance on debt repayments being redirected to the Schools Investment Strategy. A potential transfer of approximately £250,000 may be required from the School’s Long Term Supply reserve to fund the scheme in 2015/16. Premiums to the school would be increased from April 2016 to ensure the scheme was self-funding.
Social Services was currently anticipated to outturn within budget for 2015/16. However, a major issue concerning this service for the coming year would be the continued pressure on the Children’s Placement Budget and the continuing pressure on the Community Care Packages budget. Members noted that from April 2015, Welsh Government had approved an increase in the weekly cap for charging for non-residential services from £55 to £60 per week.
It was also currently projected that all services under the Visible Services and Housing Services budget along with Development Services would outturn within target at the year end.
Also in relation to the General Policy Budget, again as it was early in the financial year it was currently projected that this budget would outturn within target.
All other services were estimated to outturn on budget.
(1) T H A T the position with regard to the Council’s 2015/16 Revenue Budget be noted.
(2) T H A T the following virements be noted and referred to Cabinet for approval:
£1.355m from Learning and Skills to Planning and Transportation for education related transport services, following the establishment of an Integrated Transport Unit within Development Services.
£22k from Public Protection to General Policy for Port Health.
£210k from Public Protection to a new heading for the Coroners Service.
£385k from Private Housing to Economic Development, following the transfer of the Disabled Facility Grants and Renewal Area teams, as a result of an internal reorganisation.
Reasons for recommendations
(1) That Members are aware of the project Revenue outturn for 2015/16.
(2) To align budgets with organisational changes.”
Attached as Appendix – Report to Scrutiny Committee (Corporate Resources): 23rd June, 2015