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Enjoying
Living
Council
Working
Agenda Item No
It is recommended:-
Analysis of Net Funding Required for the Indicative 2016/17 Capital Programme
GENERAL FUND £'000 £'000
Welsh Government Resources
Supported Borrowing 3,058
General Capital Grant 1,861
4,919
Council Resources
Capital Receipts 7,199
Reserves/Leasing 9,135
Unsupported Borrowing 528
16,862
Net Capital Resources 21,781
HOUSING REVENUE ACCOUNT £'000 £'000
Housing Reserves 3,910
Housing Unsupported Borrowing 19,434
Net Capital Resources 23,344
Possible Impact or Magnitude of Risk
Catastrophic
MEDIUM
MEDIUM/HIGH
HIGH
VERY HIGH
High
MEDIUM/LOW
Medium
LOW
Low
VERY LOW
Risk Matrix
Very Unlikely
Possible
Probable
Almost Certain
Likelihood/Probability of Risk Occurring
Corporate Priority
Score
Commitments and areas where the Council has no control over the expenditure, e.g. contractual and legal commitments, absolute minimum statutory service, taxes, etc.
3
Very high priority (publicly announced commitment e.g. items included in the Community Strategy, Corporate Plan etc.)
2
"Invest to Save" and preventative expenditure
Statutory expenditure above the absolute minimum and other priorities
1
Low Priority
0
Funding
Current 2015/16 £'000
Amended 2015/16 £'000
Major Repairs Allowance Grant
2,760
Other Grant
2,069
Housing Capital Receipt
754
897
Housing Reserves
2,676
5,334
Unsupported Borrowing (Including HRA Buyout)
78,752
75,951
Total
87,011
Capital Receipts
General
Ringfenced Social Services
Ringfenced Education
£000's
Anticipated Balance as at 1st April 2016
8,122
1,348
1,065
Anticipated Requirements - 2016/17
-5,515
-1,684
Anticipated Receipts - 2016/17
7,500
Balance as at 31st March 2017
2,607
6,881
Anticipated Requirements - 2017/18
-1,348
Anticipated Receipts - 2017/18
2,800
Balance as at 31st March 2018
9,681
Anticipated Requirements - 2018/19
Anticipated Receipts - 2018/19
Balance as at 31st March 2019
Anticipated Requirements - 2019/20
-4
-1,404
Anticipated Receipts - 2019/20
Balance as at 31st March 2020
2,603
8,277
Anticipated Requirements - 2020/21
-223
-7,686
Anticipated Receipts - 2020/21
Balance as at 31st March 2021
2,380
591
Anticipated Requirements between 2021/22 and 2026/27
-5,250
Anticipated Receipts between 2021/22 and 2026/27
4,750
Balance as at 31st March 2027
91
Project Fund
£'000
2,918
-858
50
2,110
-100
2,060
2,160
2,210
Bids received from departments
Correspondence received from the Welsh Government
Victoria Lloyd, Capital Accountant
The following Officers have been consulted on the contents of this report:-
Corporate Management Team
Miles Punter, Director of Environment and Housing Services