Meeting documents

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

Dec-04

£'000

£'000

£'000

£'000

£'000

£'000

Transport & Highways

3,584

4,769

(1,185)

6,488

6,358

(130)

1

Life Long Learning

8,292

12,876

(4,584)

14,083

18,269

4,186

2

Social Services

465

2,348

(1,883)

2,468

3,131

663

3

Economic Development

3,572

3,853

(281)

7,182

7,549

368

4

Sustainability & the Environment

49

46

4

85

53

(32)

Resources

163

811

(648)

716

2,973

2,257

5

Leader

124

1,059

(935)

1,007

982

(25)

6

Tourism, Leisure & Culture

3,929

425

3,504

3,470

4,164

694

7

Community Safety and Housing Services

7,587

8,336

(749)

10,212

11,282

1,070

8

TOTAL

27,765

34,522

(6,757)

45,711

54,761

9,050

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: Principal Road Networks/Traffic Management and Traffic Calming/Cycling; significant pressures on the programme have been as follows: i) NCN24, Dundas to Radstock to Frome £113k net of grant income, ii) Wellsway, poor ground conditions, as well as additional reconstruction work, £105k, iii) The Sydney Place (A36) scheme condition of road foundation worse than expected, £150k. These have been contained by reduction in schemes, in particular within bridges, structures and footways, to incorporate future programmes. Stabilisation at Hinton Hill; the Council has been successful in bidding for additional SCA for dealing with the consequences of landslip at Hinton Hill. The money does not have to be spent by 31st March 2005, but is shown as spend, ringfenced for this purpose. Overprogramming element of 3.8% has been build into the Transportation Capital Programme because it is anticipated that a small number of schemes may not be fully delivered in 2004/05. This also may result in the forecast reducing below the £130k shown.

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 reported forecast figures are based on gross expenditure. External funding and £1.5m from Housing capital budgets will fund the difference between expenditure and approved budget. Access to Buildings/Services, Health and Safety Issues, Minor Works, Springfield House Roof and Springfield Stables Refurbishment Schemes planned to underspend to off-set overspend on Client Replacement Project (CRISSP).

Note 4: Western Riverside Project; the 2004/05 forecast and beyond are the figures currently included in the Council's Draft Financial Plan, submitted at the end of November 2004. This figure does not currently include any recharges that will be made to the Project for the new Major Projects Director's central team.

Note 5: Secondary Schools Cafeteria Improvements; the 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. Haycombe Cemetery Extension; forecast to be 2005/06 due to planning permission delay. Haycombe Lodge; this shows the complete cost of office refit, but the shop proposals were not pursued. Cremator replacement; this is not the full cost of this project, but this source of finance must be retained. Project is current subject to tendering. Bath Sports Centre Creche; it is being investigated whether the creche scheme can be joined with other repair works.

Note 8: Social Housing Grants; projection dependent on planning applications awaiting approval. Social Housing Grants-extra care; projection based on 40% acquisition payment due in March 2005, other tranches payable in June 2005 (40%) and June 2006 (20%). Decent Lets (SHIP)/Empty Properties (SHIP); delayed start to the schemes due to operational issues. St Johns Court Freehold; the overspend is due to delayed completion resulting in additional interest payments.

Budget Reconciliation

The overall monitoring position for these services is

Budget per last report

54,719

that they are currently

£6,757,000

underspent

Virements

42

and by the end of this financial year

Current budget

54,761

the forecast carry forward is

£9,050,000