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Agenda Item No

 

The Vale of Glamorgan Council

 

Scrutiny Committee (Housing and Public Protection) 15th July 2015

 

Report of the Director of Visible Services and Housing

 

Revenue and Capital Monitoring for the Period 1st April to 31st May 2015

 

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 to 31st May 2015 regarding those revenue and capital budgets, which form this Committee’s remit.

Recommendation

1.         That the position with regard to the 2015/16 Revenue and Capital Budgets is noted.

Reason for the Recommendation

1.         That Scrutiny Committee note the position with regard to the 2015/16 revenue and capital monitoring.

Background

2.         Council on the 4th March 2015 (minute no 941, 940 and 939 respectively) approved the Revenue, Capital  and Housing Revenue Budgets for 2015/16.  Reports monitoring expenditure are brought to this committee on a regular basis.

Relevant Issues and Options

Revenue

 

3.         The Revenue Budget and projected outturn for 2015/16 are shown in the table below.  As it is very early in the financial year, the current forecast is for a balanced budget. 

Housing & Public Protection   

Revenue Budget

 

Probable Outturn

Variance

(+ ) Favourable

(-) Adverse

 

£000

£000

£000

Public Sector Housing (HRA)

(129)

(129)

0

General Fund Housing

 

1,218

1,218

0

Private Sector Housing

11,047

11,047

0

 

Public Protection

 

 

2,326

 

2,326

 

0

Youth Offending Service

 

672

672

0

TOTAL

 

15,134

15,134

0

 

4.         A graph and table setting out the variance between profiled budget and actual expenditure to date is attached at Appendix 1.

5.         Public Sector Housing (HRA) - Whilst vacancies in the new structure still exist, there will be some savings on salary costs.  In addition, there are also underspends in the Premises budget, particularly at Ty Iolo hostel and within the Sheltered Housing Units.  Any underspends this year will be offset by additional contributions to Capital expenditure, which will reduce the reliance on Unsupported Borrowing. The HRA is therefore expected to outturn on target.

6.         General Fund Housing - There are some savings against profile on Supplies and Services and the Temporary Accommodation budget, however, the introduction of Universal Credit during this financial year is anticipated to increase the level of expenditure on Temporary Accommodation, therefore, the budget is projected to outturn on target.

7.         Private Housing - There is currently a favourable variance of £20k to profiled budget. The fee income on the Renewal Areas continues to be below budget as the Upper Holton Road scheme has less scope for management fees than the previous Castleland facelifting scheme. However, this is more than offset by a higher than anticipated level of fees on Disabled Facility Grants. As it is early in the financial year, it is anticipated that this service will outturn on target.

8.         Public Protection - There is currently a nil variance on this service.  Work is on-going to allocate costs of the Shared Regulatory Service, so at this stage it is anticipated that this service will outturn on target.

9.         Other services are anticipated to outturn on target by year end. 

 

Capital

 

10.      Appendix 2 details financial progress on the Capital Programme as at 31st May 2015.

11.      The monitoring report shows actual expenditure for the month of May 2015 and is matched by a similar figure in the profile to date column, thereby showing no variances however where received, profiled expenditure has been updated.

12.      Members should be aware that Appendix 2 includes requests for unspent committed expenditure that has been slipped from 2014/15 into 2015/16.  This request has been approved by Emergency Powers.

13.      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.

14.      Appendix 3 provides non-financial information on capital construction schemes with a budget of over £100K.   Where a budget shown in Appendix 2 is more than £100K but is made up of several schemes that individually are less than £100K, the scheme is not included in Appendix 3.

Resource Implications (Financial and Employment)

15.      As detailed in the body of the report.

Sustainability and Climate Change Implications

16.      There are no direct implications arising from this report.

Legal Implications (to Include Human Rights Implications)

17.      There are no legal implications.

Crime and Disorder Implications

18.      There are no crime and disorder implications.

Equal Opportunities Implications (to include Welsh Language issues)

19.      There are no equal opportunity implications.

Corporate/Service Objectives

20.      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

21.      Report is in accordance with the Policy Framework and Budget.

Consultation (including Ward Member Consultation)

22.      The appropriate Chief Officer has been consulted. This report does not require Ward Member consultation.

Background Papers

None

 

Contact Officer

Carolyn Michael (Operational Manager - Accountancy) (01446 709778)

 

Officers Consulted

Director of Visible Services and Housing

 

Responsible Officer:

Miles Punter, Director of Visible Services and Housing

 

 

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