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

Sep-05

£'000

£'000

£'000

£'000

£'000

£'000

Transport & Highways

1,491

3,138

(1,647)

6,527

6,536

9

1

Children's Services

3,255

8,985

(5,730)

17,964

18,364

400

Social Services

1,676

6,418

(4,742)

12,837

12,837

Economic Development

1,546

3,635

(2,089)

8,672

8,758

86

2

Sustainability & the Environment

25

41

(16)

108

116

8

Resources

350

373

(23)

1,994

6,080

4,086

3

Leader

229

359

(130)

424

456

32

Tourism, Leisure & Culture

2,596

4,728

(2,132)

8,038

3,021

(5,017)

4

Community Safety and Housing Services

522

3,833

(3,312)

4,393

7,690

3,296

5

TOTAL

11,690

31,510

(19,821)

60,957

63,858

2,901

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 forecast spend to date requires further attention to complete an accurate calendarisation for the 2005/06 programmed schemes. A full review of schemes has been carried out and predicts that the initial programme outlined are not all affordable, not least due to the requirement to recovery overspend from 2004/05. A reserve list of schemes has been drawn up, where implementation will be delayed until 2006/07, to ensure expenditure remains within budget limits.

Note 2: Waste Infrastructure Project: The budgets will fund the preparation of proposals for the Waste Infrastructure Project only, in particular the potential replacement of Midland Road.

Note 3: Current uncommitted budgets remain for Headroom Creation schemes and Major Projects Contingency.

Note 4: Spa Scheme: c.£5m Capital Receipt is receivable on the Project triggered by Practical Completion of the facility. Given the proximity of the projected completion date to the 31st March, there is uncertainty as to whether all the requirements to enable the release of this funding will be resolved in time to enable its receipt before 31st March 2006. The Budget will be re-phased later in the year.

Note 5: Housing Social Housing Grants - Budget fully allocated however due to long development lead times has pushed over 75% of the committed expenditure into 2006/07. 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

54,913

that they are currently

£19,821,000

underspent

Virements

8,945

and by the end of this financial year the forecast

Current budget

63,858

carry forward is

£2,901,000