Vale of Glamorgan Council
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Agenda Item No. 5

 

The Vale of Glamorgan Council

 

Homes and Safe Communities Scrutiny Committee: 17th  January 2018

 

Report of the Director of Environment and Housing

 

Revenue and Capital Monitoring for the Period 1st April to 30th  November 2017

 

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 November 2017 regarding those revenue and capital budgets, which form this Committee's remit.

Recommendation

It is recommended that :

  1. Scrutiny Committee consider the position with regard to the 2017/18 revenue and capital monitoring.

Reason for the Recommendation

  1. That Scrutiny Committee are aware of the position with regard to the 2017/18 revenue and capital budgets.

Background

  1. Council on the 1st March 2017 (minute no 864, 863 and 862 respectively) approved the Revenue, Capital and Housing Revenue Account (HRA) Budgets for 2017/18. Reports monitoring expenditure are brought to this Committee on a regular basis.

Relevant Issues and Options

Revenue

  1. The Revenue Budget and projected outturn for 2017/18 are shown in the table below. The current forecast is for a balanced budget.
 

    Revenue

Budget

     Probable

Outturn

Variance

    (+ ) Favourable

(-) Adverse
 

£000

£000

£000

Public Sector Housing (HRA)

127

127

0

Council Fund Housing

1,257

1,257

0

Private Sector Housing

11,038

11,038

0

Regulatory Services

2,169

2,169

0

Youth Offending Service

697

697

0

TOTAL

15,288

15,288

0
       
  1. A graph and table setting out the variance between profiled budget and actual expenditure to date is attached at Appendix 1.
  2. Public Sector Housing (HRA) - The HRA is expected to outturn on target and any underspends in year will be offset by additional contributions to Capital Expenditure thus reducing the reliance on Unsupported Borrowing.
  3. Council Fund Housing - It is anticipated that this budget will outturn on target, however, this is after a planned transfer from reserves of £56k to fund specific posts and issues arising as a result of the introduction of the Housing Act.
  4. Private Housing - As part of the Initial Revenue Budget Proposals 2018/19 report which was approved by Cabinet on 20th November 2017, an underspend of £570k was projected on the Council Tax Reduction Scheme, due to a lower than anticipated take up. It was approved that this sum should be transferred into reserves. This budget is therefore on profile for November and a balanced budget is forecast at year end.
  5. Regulatory Services - The allocation of £2.169m represents the Vale of Glamorgan's budget for its share of the Shared Regulatory Service (SRS). A separate set of accounts is maintained for the SRS and periodically reported to the Shared Regulatory Service Joint Committee. At this stage in the year it is anticipated that the SRS will outturn on target.
  6. Youth Offending Service - It is anticipated that this service will outturn on target at year end.

2017/18 Savings Targets

  1. This year no savings targets have been allocated to services that fall under this Committee's remit.

Capital

  1. Appendix 2 details financial progress on the Capital Programme as at 30th November 2017. There are no amendments to the Capital Programme this month.

Resource Implications (Financial and Employment)

  1. As detailed in the body of the report.

Sustainability and Climate Change Implications

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

Legal Implications (to Include Human Rights Implications)

  1. There are no legal implications.

Crime and Disorder Implications

  1. There are no crime and disorder implications.

Equal Opportunities Implications (to include Welsh Language issues)

  1. There are no equal opportunity implications.

Corporate/Service Objectives

  1. 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

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

Consultation (including Ward Member Consultation)

  1. 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

Officers Consulted

Director of Environment and Housing

Responsible Officer:

Miles Punter