Agenda Item No
The Vale of Glamorgan Council
Scrutiny Committee (Housing and Public Protection): 18th July 2012
Report of the Director of Legal, Public Protection and Housing Services
Revenue and Capital Monitoring for the Period 1st April 2012 to 31st May April 2012
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 2012 to 31st May 2012 regarding those revenue and capital budgets, which form this Committee’s remit.
1. That the position with regard to the Authority’s 2012/13 Revenue Budget be noted.
Reason for the Recommendation
1. It is recommended that the Scrutiny Committee note the position with regard to the 2012/13 revenue and capital monitoring.
2. Council on the 7th March 2012 (minute nos. 949, 951 and 950 respectively) approved the Housing Revenue Account, Revenue and Capital Budgets for 2012/13. Reports monitoring expenditure are brought to this committee on a regular basis.
Relevant Issues and Options
3. The Revenue Budget and projected outturn for 2012/13 are shown in Appendix 1.
4. Public Sector Housing (HRA) - The Housing Revenue Account is predicted to outturn on target. There is a current adverse variance of £113k on housing repairs compared with the profiled budget. This variance is offset by favourable variances on Salaries (47k), Income (£10k), premise Costs (£21k), transport (£1k) and other supplies and services (56k); resulting in the current net favourable variance of £22k.
5. Private Sector/General Fund Housing & Community Safety - The Housing General Fund is predicted to outturn on target.
6. Appendix 2 details financial progress on the Capital Programme as at 31st May 2012.
7. Profiled expenditure has been requested from all Project Managers, though not all have at this time been received. All data received is included in Appendix 2.
8. Members should be aware that Appendix 2 does not include requests for unspent committed expenditure to be slipped from 2011/12 into 2012/13. A request for this slippage will be included in the Closing Down report presented to a future Cabinet meeting. The request will also be referred to Council for approval.
9. 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.
Resource Implications (Financial and Employment and Climate Change, if appropriate)
10. As detailed in the body of the report.
Legal Implications (to Include Human Rights Implications)
11. There are no legal implications.
Crime and Disorder Implications
12. There are no crime and disorder implications.
Equal Opportunities Implications (to include Welsh Language issues)
13. There are no equal opportunity implications.
14. 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
15. Report is in accordance with the Policy Framework and Budget.
Consultation (including Ward Member Consultation)
16. The appropriate Chief Officer has been consulted. This report does not require Ward Member consultation.
Carolyn Michael (Senior Group Accountant) (01446 709778)
Director of Legal, Public Protection and Housing Services