Meeting documents

APPENDIX 3

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 2005/06

Programmed Spend or (Income) 2005/06

Planned Rephasing to later years

NOTE

Jun-05

£'000

£'000

£'000

£'000

£'000

£'000

Transport & Highways

615

536

79

6,656

6,180

(476)

1

Children's Services

1,123

3,141

(2,018)

12,565

12,565

0

Social Services

711

3,209

(2,498)

12,836

12,836

0

Economic Development

207

2,022

(1,814)

7,525

7,875

350

2

Sustainability & the Environment

7

0

7

0

0

0

Resources

0

0

0

330

5,480

5,150

3

Leader

0

217

(217)

404

404

0

Tourism, Leisure & Culture

601

1,615

(1,014)

1,596

1,958

362

Community Safety and Housing Services

241

1,904

(1,663)

7,040

7,615

575

4

TOTAL

3,506

12,643

(9,137)

48,952

54,913

5,961

Rephased

Note: "ADV" indicates an adverse variance, "FAV" a favourable variance, and a "( )" in the over and under spend columns indicates an underspend or overachievement of income

Note 1: The overall difference in the Highways actual to date spend & forecast is due to the timing of Capital Schemes this year. The Highways Capital team are currently completing a calendarisation for the 2005/06 programmed schemes. Once this is finalised, the profiling of the budgets will be adjusted to run in line with this programme. The Hinton Hill forecast expenditure will be funded from the £476k 2004/05 underspend carried forward from the original £490k ringfenced allocation.

Note 2: Forecast rephasing of Bath Western Riverside project = £350k.

Note 3: No bids agreed yet from the Headroom Creation or Income Sustainability funds, Major Project Contingency (£3,850k) currently shown with no draw-down.

Note 4: Housing Social Housing Grants - Projection/expenditure dependent on planning applications awaiting approval; Project payable in tranches 40% acquisition (anticipated in quarter 2 2005), 40% start on site (quarter 3 2005), 20% completion (anticipated in the next financial year)

Budget Reconciliation

The overall monitoring position for these services is

Budget per last report

-

that they are currently

£9,137,000

underspent

Virements

-

and by the end of this financial year the forecast

Current budget

54,913

carry forward is

£5,961,000