Agenda Item No. 6(a)
THE VALE OF GLAMORGAN COUNCIL
COUNCIL MEETING: 7TH DECEMBER, 2011
REFERENCE FROM CABINET: 5TH OCTOBER, 2011
"C1455 CAPITAL MONITORING REPORT FOR THE PERIOD 1ST APRIL TO 31ST AUGUST, 2011 (L) (SCRUTINY - ALL) -
Details as to the financial progress on the Capital Programme for the period 1st April to 31st August, 2011 were appended to the report. The report itself contained further details of specific schemes as outlined below:
Director of Learning and Development
Foundation Phase Grant 2011/12 - the Authority had accepted the grant in the sum of £133,193 for re-modelling the early years classrooms at St. Brides Major Primary School with a view to increasing the classroom areas and improving the external learning area. The grant must be fully spent by the end of March 2012, and it was requested that this grant be included in the Capital Programme.
Director of Environmental and Economic Regeneration
Barry Island Addizone - Cabinet had approved the inclusion of a WG grant from the Barry Regeneration Area Funding of £160,316 for the establishment of an Addizone multi sports facility designed in the shape of the London 2012 Olympic logo and sponsored by Adidas on Barry Island. A vacant site adjacent to Paget Road had been identified as offering the best location for ease of access and proximity to existing leisure facilities. In addition to the WG grant funding, Council funding of £24,122 had been earmarked from the Barry Regeneration Area Fund, as well as an additional £55,356 from S106 funding received in respect of the development of residential units at Jacksons Quay, Barry Waterfront. The S106 income was not as yet reflective in the figures at Appendix 1 to the report, and it was requested that approval be granted for the inclusion of this funding in the Capital Programme in order to complete the budget. This would require Council approval.
Variance between Actual Spend to date and Profiled Spend -
The report also detailed those schemes with a variance between the actual spend to date and the profiled spend. Appendix 2 to the report provided non financial information on capital schemes with a budget of over £500,000.
(1) T H A T ..........
(2) T H A T the Council be requested to approve the following change to the Capital Programme:
· Barry Island Addizone - increase the Capital Programme by £55,356, funded from S106 monies.
Reason for decisions
(1&2) To allow schemes to proceed this financial year."