Meeting documents

APPENDIX 1

Council Overall Capital Budget Monitor

Financial Monitoring Statement: All Portfolios

CAPITAL SPENDING

ACTUAL TO DATE

YEAR END FORECAST

All Portfolio's For period to

Actual Spend or (Income)

Programmed Spend or (Income)

Over or (under) spend

Forecast Spend or (Income)

Programmed Spend or (Income)

Planned Rephasing to later years

NOTE

Sep-04

£'000

£'000

£'000

£'000

£'000

£'000

Transport & Highways

1,973

1,862

111

6,052

6,358

306

1

Life Long Learning

5,767

6,372

(605)

13,673

18,265

4,592

2

Social Services

349

542

(193)

3,080

3,131

51

3

Economic Development

1,329

2,288

(959)

7,239

7,578

339

4

Sustainability & the Environment

46

48

(2)

102

111

9

Resources

51

176

(125)

730

2,923

2,193

5

Leader

114

933

(819)

949

982

33

6

Tourism, Leisure & Culture

2,545

2,397

148

4,191

4,126

(65)

7

Community Safety and Housing Services

365

740

(375)

11,212

11,245

33

TOTAL

12,539

15,358

(2,819)

47,228

54,719

7,491

Rephased

Note: figures in column D relate to over (-ve) or under + spend to date. Figures in column G show the amount of budget to be rephased to future years (i.e. not spent in 2004/05).

Note 1: The overall programme is predicted to overspend by £184K. This can be attributed principally to the Wellsway scheme where additional groundworks were required than anticipated. A full review of schemes is being undertaken to attempt to contain this overspend, either within this financial year or if necessary will be carried forward as first call against next year's programme.

Note 2: NDS Primary Need is a separate budget heading and has been added. Teaching Environments funding is part contributing to larger project at Norton Hill School and recharging to TEF code will be done post completion. New Opportunities (NOF) is a grant which can only be claimed when projects approved by NOF and as they progress. NOF approval still awaited.

Note 3: Replacement EPH's forecast was based on the original cash flow estimates. The cash flow is in the process of being revised based on more detailed programme information.

Note 4: The need for Environment Park is being reviewed by the Waste Service Review at present. This will also determine the need for future resources for the project, including potential carry forward. There is currently a projected overspend of £500,000 for the Western Riverside project. This will be the subject of a separate report in the near future.

Note 5: Secondary Schools Cafeteria Improvements business case for this investment is being re-visited

Note 6: Budget for IT Servers and Networks changed to revenue.

Note 7: Invest to Sustain budget for 2004/05 to be changed to revenue funding

Budget Reconciliation

The overall monitoring position for these services is

Budget per last report

47,329

that they are currently

£2,819,000

underspent

Virements

7,390

and by the end of this financial year

Current budget

54,719

the forecast carry forward is

£7,491,000