Agenda Item No
The Vale of Glamorgan Council
Scrutiny Committee (Economy and Environment): 3rd September 2013
Joint Report of the Director of Development Services and the Director of Visible Services and Housing
Revenue and Capital Monitoring for the period 1st April 2013 to 31st July 2013
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 2013 to 31st July 2013 regarding those revenue and capital budgets, which form this Committee’s remit.
1. It is recommended that :-
2. the position with regard to the 2013/14 revenue and capital monitoring is noted.
Reasons for the Recommendations
1. That members are aware of the position with regard to the 2013/14 revenue and capital monitoring relevant to this scrutiny committee.
2. Council on the 6th March 2013 (minute no 943 and 942 respectively) approved the Revenue and Capital Budgets for 2013/14. Reports monitoring expenditure are brought to this committee on a regular basis.
3. The Revenue Budget and projected outturn for 2013/14 are shown in Appendix 1.
4. Highways Maintenance & Engineering Design & Procurement - There is currently a £67k adverse variance to the profiled budget. This is mainly due to the continued pressure on the budget for repairing potholes. The amount of pot-holes should start reducing during the year due to the ongoing resurfacing works being undertaken and the Big Fill initiative, therefore the overall budget is currently expected to outturn £50k overspent. The original budget for 2013/14 takes account of the savings required. The budget will be monitored closely to ensure these savings are achieved.
5. Waste Management - There is currently a £15k favourable variance to the profiled budget. The saving is mainly linked to vacant posts within the service. The original budget for 2013/14 takes account of the savings required and good progress has already been made to achieve this. There are pressures on the budget which may impact later in the financial year and therefore the budget is currently expected to out-turn on target.
6. Grounds Maintenance - There is currently a £84k adverse variance to the profiled budget. The main reasons for this current overspend is continuing costs at Rhoose Point for which there is no budget and the expiration of grant income from Victoria Park. The original budget for 2013/14 takes account of the savings required. Efforts will be made to reduce the current level of overspend, however, the budget is currently expected to overspend by £50k.
7. Support – There is currently a favourable variance of £36k to the profiled budget. This budget is to be held for any cost pressures within Visible Services that may arise throughout the financial year. Currently, this budget is projected to be £100k underspent at year end.
8. Economic Development - There is currently a favourable variance of £20k to profiled budget mainly due to a vacant post not yet being filled. There is however, a slight drop in income at the Vale Enterprise Centre, which will be closely monitored and therefore an out-turn on target is currently projected.
9. Leisure - There is currently a favourable variance of £21k to the profiled budget. This is primarily due to employee savings as a result of holding vacant posts pending a restructure. The Rights of Way budget however, is currently behind profile and therefore a year end out-turn on target is projected.
10. Planning and Transportation - There is currently a favourable variance of £66k to the profiled budget. This is due to Highway Development income being in advance of the profiled estimate, however, as it is still early in the year and the receipt of income can be unpredictable, it is projected that the budget will out-turn on target.
11. Appendix 2 details financial progress on the Capital Programme as at 31st May 2013.
12. For all schemes where it is evident that the full year's budget will not be spent during the year, the relevant officers are required to provide an explanation for the shortfall and this shall be taken to the earliest available Cabinet.
13. Coldbrook Flood Management - There continues to be issues with this scheme and the Director of Visible Services and Housing is preparing a report to update Members.
Variance between Actual Spend to date and Profiled Spend
14. Local Road Network Improvements - Contrary to the initial work plan, we have been undertaking smaller resurfacing contracts around the urban area of Barry. Over the last month, however, works have been undertaken in the rural Vale and the works programme is now back on track.
15. Appendix 3 provides non-financial information on all capital construction schemes.
Resource Implications (Financial and Employment)
16. As detailed in the body of the report.
Sustainability and Climate Change Implications
17. There are no direct implications arising from this report.
Legal Implications (to Include Human Rights Implications)
18. There are no legal implications.
Crime and Disorder Implications
19. There are no crime and disorder implications.
Equal Opportunities Implications (to include Welsh Language issues)
20. There are no equal opportunity implications.
21. 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
22. The report is in accordance with the Policy Framework and Budget.
Consultation (including Ward Member Consultation)
23. The appropriate Chief Officer has been consulted. This report does not require Ward Member consultation.
Carolyn Michael (Senior Group Accountant) (01446 709778)
Director of Development Services
Director of Visible Services and Housing
Operational Manager - Legal Services
Rob Thomas, Director of Development Services
Miles Punter, Director of Visible Services and Housing