Meeting documents
Cabinet
Monday, 5th July, 2004
APPENDIX 6
CAPITAL PROGRAMME SPEND 2003/2004
|
Committee |
Approved Budget 2003/2004 |
Additions / Reductions |
Revised Budget 2003/04 |
Forecast Spend to 31st March 2004 |
Actual Spend to 31st March 2004 |
% Actual Spend to Forecast Spend |
Slippage to 04/05 |
|
£,000,s |
£,000's |
£,000's |
£,000's |
£,000's |
% |
£,000's |
|
|
Education |
14,912 |
386 |
15,298 |
9,076 |
6,854 |
75% |
8,445 |
|
Social Services |
2,579 |
2,579 |
1,335 |
1,284 |
96% |
1,282 |
|
|
Transportation Access & Waste Management Please see below |
8,033 |
108 |
8,141 |
8,045 |
8,687 |
108% |
-550 |
|
Property |
4,228 |
4,228 |
3,903 |
3,294 |
84% |
934 |
|
|
Resources |
1,009 |
1,009 |
805 |
601 |
75% |
266 |
|
|
Economic Development |
239 |
239 |
109 |
212 |
194% |
27 |
|
|
Culture & Leisure |
330 |
330 |
220 |
239 |
108% |
94 |
|
|
Trading Services |
286 |
286 |
236 |
142 |
60% |
147 |
|
|
Housing |
1,624 |
1,624 |
1,578 |
1,229 |
78% |
395 |
|
|
Corporate Schemes |
3,293 |
3,293 |
805 |
626 |
78% |
2,808 |
|
|
Major Projects: |
|||||||
|
Spa Scheme |
159 |
-408 |
-249 |
2,231 |
2,629 |
n/a |
-2,878 |
|
Stone Mines |
177 |
177 |
177 |
116 |
66% |
61 |
|
|
Western Riverside |
1,173 |
1,173 |
678 |
571 |
84% |
602 |
|
|
TOTAL |
38,042 |
86 |
38,128 |
29,198 |
26,484 |
91% |
11,633 |
Appendix 6 (continued)
Notes
In addition to the above expenditure £6.48million has been spent on the Stone Mines and £101,000 on Bath Communities SRB, which will be grant funded. This makes the total funding £33.07m as listed in the table in paragraph 4.24 of the report.
There have been minor adjustments to some of the slippage figures due to small under spends on supplementary credit approvals which cannot be carried forward.
Breakdown of Transport, Access & Waste Management
|
Approved Budget 2003/2004 |
Additions/ Reductions |
Revised Budget 2003/04 |
Actual Spend to 31st March 2004 |
Slippage to 04/05 |
|
|
Transport |
7,684 |
7,684 |
8,531 |
-848 |
|
|
Waste Management |
110 |
103 |
213 |
112 |
101 |
|
Planning |
47 |
47 |
0 |
47 |
|
|
Air Quality Monitoring |
42 |
5 |
47 |
44 |
0 |
|
Geographic System |
150 |
150 |
0 |
150 |
|
|
Total |
8,033 |
108 |
8,141 |
8,687 |
-550 |
CAPITAL PROGRAMME - EXPLANATION OF VARIANCES
Education
The majority of under spend on education schemes is due to delays in the Radstock and new Bath Schools projects, which accounts for some £2.8m.
Also £2.2m of Basic Need funding was deliberately deferred pending suitability assessments at a number of schools so that improvements could be prioritised. However work has now started on these sites and should be completed in this financial year. £2.3m of the under spend is devolved funding which is not within our control.
Transportation, Access and Waste Management
Highways & Transportation - Overspend of £847k
A significant level of over programming was built into the 2003/04 programme in order to ensure that the budget was fully spent after many years of under spending. This factor, combined with the important change in accounting treatment (from a cash basis to an accruals basis), led to a significant overspend in 2003/04. The budget for 2004/05 has been adjusted to compensate for this.
Appendix 6 (Continued)
Waste Services - Under spend of £101k
This has arisen mainly due to expenditure being incurred at a slower rate than originally anticipated on the Environment Park project.
Property
Planned Maintenance - Under spend of £269k
This work was committed at the end of 03/04 but the works had not been completed by contractors.
Disabled Access - Under spend of £407k
The budget has been committed in 2004/05.
Long Term Office Approach - Under spend of £146k
This budget is being used to finance the Long Term Office Accommodation Strategy. This budget has been committed in 2004/05.
Resources
The under spend on Resources Services schemes (£408K) relates to slippage on already-committed projects in Revenues & Benefits, FMS Replacement Project, and planned replacement of IT servers and networks. All these sums are committed, or planned to be spent, in the early part of 2004/05 financial year.
Housing
Social Housing Grant - Under spend of £394k
This is due to the transitional arrangements implemented in 2003/04 by the Housing Corporation following Government changes to the grant funding method.
Trading Services
The under spend was due to planning consent and building control delays holding up construction at the crematorium and RVP. Also spend on Linear Way is being reserved pending the outcome of a Strategic Review.
Use and Reconciliation of General Fund Balances
|
Type |
£k |
Used in 2003/04 |
Earmarked |
Movement |
|
|
Reported opening general fund balances 2003/04 as in the final accounts |
5,126 |
5,126 |
|||
|
2004/05 uses (earmarking) |
|||||
|
Risk Mgt & Invest to Save not yet spent |
Use |
-301 |
0 |
-301 |
0 |
|
Legal challenge costs not yet charged in 2002/03 (provision from £1.9m HRA transfer) and 03/04 Budget earmarking for further legal challenge cost in the budget |
Use |
-113 |
-49 |
-64 |
0 |
|
Other misc. previously earmarked uses (net) |
Use |
-86 |
-4 |
-15 |
-67 |
|
Senior Management reorganisation costs deferred from 1999 |
Use |
-184 |
-168 |
0 |
-16 |
|
Draw down of a further £100,000 of general revenue balances to fund the completion of the PARIS project. (Exec Review July 2003). Plus existing balances set aside in previous years |
Use |
-226 |
-226 |
0 |
0 |
|
Expenses towards the set up of the new Tourism company in 03/04. (approved by Council February 2003) |
Use |
-100 |
0 |
-100 |
0 |
|
Rates refunds expected |
775 |
671 |
0 |
104 |
|
|
Leisure Trust (approved by Executive Dec 03 and by Council in March 2004) |
Use |
-374 |
-372 |
0 |
-2 |
|
Direct Budget support from Balances including |
|||||
|
a) Balances to be used in funding carried forward financial plan items in 2003/04 b) Requested use of balances for member budgets (approved Council Sept 2003) £51k c) Overspend write off (approved Council September 2003) and d) the Contribution in 2003/04 budget to balances £414k e) Carry forward RCCO £74k f) Area Committee carry forward £20k approved by Council in February These are all reflected in the support from balances line in approved cash limits |
Use |
-368 |
-229 |
-139 |
0 |
|
Other transfers and refunds |
56 |
-56 |
|||
|
Net balances after final accounts |
Balance |
4,149 |
-321 |
-619 |
4,186 |
|
Further addition to balances in budget * |
1,150 |
||||
|
Movements since budget set: |
5,336 |
||||
|
If balance of overspend written off |
NIL |
||||
|
New Non-Earmarked General Fund Balances |
5,336 |
||||
|
Risk Assessed prudent level required is |
7,000 |
||||
* A further £175,000 in addition to this amount is being repaid back to the Lambridge fund (which was used to fund the new parking arrangements in 2003/04). A further £175,000 will be repaid in 2005/06.
Page 18
Page 16
School balances are £3.696m compared to £3.234m in March 2003.