Agenda Item No 5

 

The Vale of Glamorgan Council

 

Scrutiny Committee (Lifelong Learning) 8th September 2014

 

Report of the Director of Learning and Skills

 

Revenue and Capital Monitoring for the period 1st April to 31st July 2014

 

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 July 2014 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 2014/15 revenue and capital monitoring.

Reason for the Recommendation

1.         That Members are aware of the position with regard to the 2014/15 revenue and capital monitoring relevant to this Scrutiny Committee.

Background

2.         Council on the 5th March 2014 (minute nos. 884 and 883 respectively) approved the Revenue and Capital Budgets for 2014/15.  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 2014/15 are shown in the following table.  It is anticipated that the projected outturn for 2014/15 will be in line with the budget.  This is after making a contribution to the Capital Investment reserve of £435k. 

Lifelong Learning	Revenue Budget	Probable Outturn	Variance (+ ) Favourable (-) Adverse
	£000	£000	£000
Schools	78,605	78,605	0
School Improvement & Inclusion	4,274	4,274	0
Service Strategy & Regulation	241	241	0
Strategic & Resources	10,249	10,249	0
Total Education and Schools	93,369	93,369	0
Libraries	2,589	2,589	0
Youth Service	1,084	1,084	0
Adult Community Education	204	204	0
Catering	1,743	1,743	0
TOTAL	98,989	98,989	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 balance as at the end of March 2015. Any savings identified between now and the end of the year will be available to re-direct into the School Investment Strategy or other reserves.

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

7.         Education is projecting to transfer £145k to reserves as part of the Voluntary Early Retirement and Redundancy scheme.  This income is in respect of reimbursements from schools relating to redundancies and retirements made in previous years, and will be used to assist schools with timing payments for future retirements and redundancies.

8.         Other Services - It is early in the financial year and all other services are currently anticipated to outturn within budget.

Capital

9.         Appendix 2 details financial progress on the Capital Programme as at 31st July 2014.

10.      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.

11.      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)

12.      As detailed in the body of the report.

Sustainability and Climate Change Implications

13.      As detailed in the body of the report.

Legal Implications (to Include Human Rights Implications)

14.      There are no legal implications.

Crime and Disorder Implications

15.      There are no crime and disorder implications.

Equal Opportunities Implications (to include Welsh Language issues)

16.      There are no equal opportunity implications.

Corporate/Service Objectives

17.      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

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

Consultation (including Ward Member Consultation)

19.      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 Learning and Skills

Head of Strategy, Community Learning & Resources

 

Responsible Officer:

Jennifer Hill