Meeting documents
Cabinet
Wednesday, 5th March, 2003
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Bath & North East Somerset Council |
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COUNCIL EXECUTIVE |
AGENDA |
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MEETING DATE: |
5th MARCH 2003 |
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TITLE: |
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WARD: |
All |
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AN OPEN PUBLIC ITEM - FINAL REPORT |
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List of attachments to this report: |
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MEETING:1 THE ISSUE
1.1 This report informs the Council Executive of the current position of the 2002/2003 Capital Programme and available resources.
2 RECOMMENDATION
2.1 That the Executive:
a) notes the current position of the 2002/2003 capital programme;
b) approves the incorporation of additional funding to the 2002/2003 programme as detailed in paragraph 4.1;
c) notes the current position of available resources.
3 FINANCIAL IMPLICATIONS
3.1 Included in the report.
4 2002/2003 CAPITAL PROGRAMME
4.1 At the 4th December meeting a revised capital programme of £32.5 million was approved. Further revisions have now been incorporated into the programme giving a latest revised total of £32.4 million:
· Education - has been allocated grant funding of £30,000 for Information Management Systems. £17,000 of this amount is to be devolved directly to schools. The NDS Modernisation budget has been reduced by £47,000 as this has been allocated directly to Voluntary Aided schools.
· Transportation, Access & Waste Management - expenditure on Waste Management has been rescheduled within the Financial Plan. The budget of £75,000 has therefore been removed from this year's capital programme.
· Transportation, Access & Waste Management - the budget of £5,000 for Low Stock Fencing at Roundhill, has been transferred to the Parks section for expenditure.
4.2 Details of the current programme are given in Appendix 1.
4.3 Expenditure to 31st December totalled £14.798 million. This includes expenditure of £2.04m on the Stone Mines project and £458,000 on Norton Radstock SRB scheme, which will be grant funded. Excluding this, expenditure was £12.3 million compared to a profile spend of £16.2 million or 76% of the planned spend.
4.4 Expenditure on the capital programme does not occur evenly throughout the year. A profiled cash flow statement has therefore been produced. Details of the revised anticipated out turn are given in Appendix 2.
5 RESOURCES
5.1 Details of revised resources are as follows:
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2002/2003 |
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£,000's |
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Revised resource forecast Add: |
31,239 |
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Additional funding (see para.4.1) |
-17 |
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Total forecast resources for 2002/2003 Less : |
31,222 |
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2002/03 profiled spend |
-24,646 |
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Carry forward to 2003/04 |
-7,781 |
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Over-programming |
-1,205 |
5.2 The table shows over programming of £1.2 million in the 2002/2003 programme. This is incorporated into the anticipated slippage to future years.
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Contact person |
Irene Draper (01225) 477325 |
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Background papers |
None |
APPENDIX 1 2002/2003 CAPITAL PROGRAMME
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Committee |
Approved Budget 2002/2003 |
Additions |
Total Revised Budget 2002/03 |
Forecast Spend to 31st Dec 2002 |
Actual Spend to 31st Dec 2002 |
% Actual Spend to Forecast Spend |
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£,000's |
£,000's |
£,000's |
£,000's |
£,000's |
% |
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Education |
9,339 |
-17 |
9,322 |
3,625 |
1,303 |
36% |
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Social Services |
1,555 |
1,555 |
527 |
73 |
14% |
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Transportation, Access & Waste Management |
6,317 |
-80 |
6,237 |
4,325 |
3,671 |
85% |
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Property Services |
3,526 |
3,526 |
2,430 |
1,285 |
53% |
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Resources Co-ordination |
1,623 |
1,623 |
120 |
0 |
0% |
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Economic Development * |
358 |
358 |
84 |
34 |
40% |
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Culture & Leisure |
421 |
5 |
426 |
123 |
68 |
55% |
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Housing General Fund |
4,445 |
4,445 |
2,979 |
2,386 |
97% |
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Corporate Schemes |
3,457 |
3,457 |
878 |
404 |
46% |
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Major Projects: |
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Spa Scheme ** |
1,225 |
1,225 |
900 |
2,913 |
n/a |
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Stone Mines *** |
253 |
253 |
160 |
167 |
1.04% |
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TOTAL |
32,519 |
-92 |
32,427 |
16,151 |
12,304 |
76% |
* Economic Development - In addition to the above, £458,000 has been spent on Norton Radstock SRB, which is grant funded.
** Spa Scheme - expenditure currently shows £2.9m net of grant income received to date, additional expenditure of £1.8m is anticipated to the end of the year. £1.3m of grant is anticipated shortly, which will leave a net deficit of c.£2 million. However this will be reversed in 2003/04 by the Operator's lease premium which is being held in a secure joint account and will be released on Practical Completion. The Millenium Commission also retain a proportion of the total grant payable until practical completion occurs.
*** Stone Mines - In addition to the above Council funded budget, £2.04m has been spent which is grant funded.
