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Agenda Item No. 4

 

The Vale of Glamorgan Council

 

Scrutiny Committee (Lifelong Learning): 22nd June 2015

 

Report of the Director of Learning and Skills

 

Revenue and Capital Monitoring for the period 1st April to 30th April 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 30th April 2015 regarding those revenue and capital budgets, which form this Committee’s remit.

Recommendation

It is recommended that :-

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

Reason for the Recommendation

1.         That members are aware of the position with regard to the 2015/16 revenue and capital monitoring relevant to this scrutiny committee.

Background

2.         Council on the 4th March 2015 (minute no 941 and 940 respectively) approved the Revenue and Capital 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 following table.  It is anticipated that the projected outturn for 2015/16 will be in line with the budget.   

Lifelong Learning  

Revenue Budget

 

Probable Outturn

Variance

(+ ) Favourable

(-) Adverse

 

£000

£000

£000

Schools

79,586

79,586

0

School Improvement & Inclusion

3,714

3,714

0

Service Strategy & Regulation

247

247

0

Strategic & Resources

10,235

10,235

0

Children & Young People's Partnership

304

304

 

Total Education and Schools

94,086

94,086

0

Libraries

2,359

2,359

0

Youth Service

1,043

1,043

0

Adult Community Education

265

265

0

Catering

1,756

1,756

0

TOTAL

99,509

99,509

0

 

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

5.         Overall, the Education Budget is projected to outturn within budget by March 2016. Any savings identified through the year will be available to re-direct into the School Rationalisation Reserve.

6.         Schools - The delegated budget relating to schools is expected to balance as any under/over spend is carried forward by schools.

7.         Strategy & Resources - Following the establishment of an Integrated Transport Unit within Development Services, which includes responsibility for all education related transport services, it has been agreed to transfer a budget of £1.355m from Learning and Skills to the Planning & Transportation Division of Development Services. As such, Cabinet will be requested to approve the transfer of £1.155m in respect of the Special Education Need transport budget and £200k in respect of further education transport awards.  The virement has not been actioned in the table above, pending Cabinet approval.

8.         Provision has been made within the budget to make unsupported borrowing debt repayments in relation to the Schools Investment Strategy of £698k per annum; any favourable variance on debt repayments will be directed into the Schools Investment Strategy.

9.         A potential transfer of approximately £250k may be required from the School's Long Term Supply reserve, to fund the scheme in 2015/16.  Premiums to Schools will be increased from April 2016/17 to ensure the scheme is self-funding.

10.      Libraries - It is anticipated that the Libraries Service will outturn on target after a transfer from the Libraries reserve to fund the costs of the implementation of the libraries review. 

11.      Other Services - As it is very early in the financial year, all other services are anticipated to outturn within budget.

Capital

12.      Appendix 2 details financial progress on the Capital Programme as at 30th April 2015.

13.      The monitoring report shows actual expenditure for the month of April 2015 and is matched by a similar figure in the profile to date column, thereby showing no variances.  Profiled expenditure has been requested from Project Managers and will be updated in the next report. 

14.      Members should be aware that Appendix 2 does not include requests for unspent committed expenditure to be slipped from 2014/15 into 2015/16.  A request for this slippage will be included in the Closing Down report presented to a future Cabinet meeting.

15.      Education Asset Renewal - A report was taken to Cabinet on 27th April 2015 minute no C2758 where the allocation of the schools asset renewal budget was approved.

16.      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)

17.      As detailed in the body of the report

Sustainability and Climate Change Implications

18.      As detailed in the body of the report

Legal Implications (to Include Human Rights Implications)

19.      There are no legal implications

Crime and Disorder Implications

20.      There are no crime and disorder implications

Equal Opportunities Implications (to include Welsh Language issues)

21.      There are no equal opportunity implications

Corporate/Service Objectives

22.      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

23.      The report is in accordance with the Policy Framework and Budget

Consultation (including Ward Member Consultation)

24.      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

Head of Strategy, Community Learning & Resources

 

Responsible Officer:

Jennifer Hill

Director of Learning and Skills

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