EXECUTIVE BOARD

23RD JANUARY 2017

 

CAPITAL PROGRAMME 2016-17 UPDATE

Purpose: To report the proposed virements and variances within the capital programme

 

RECOMMENDATIONS / KEY DECISIONS REQUIRED:

That the capital programme update report is received.

 

REASONS:

To provide Executive Board with an update of the latest budgetary position for the 2016/17 capital programme, as at the 31st October 2016.

 

 

Relevant scrutiny committees to be consulted

N/A                                    

 

Exec Board Decision Required                     YES

Council Decision Required                           NO

 

EXECUTIVE BOARD MEMBER PORTFOLIO HOLDER:- Cllr David Jenkins

Directorate:

Corporate Services

Name of Head of Service:

Owen Bowen

Report Author:

Owen Bowen

 

Designation:

Interim Head of Financial Services

 

 

Tel No.

01267 224886

E Mail Address:

OBowen@carmarthenshire.gov.uk

 


 EXECUTIVE SUMMARY

execUTIVE Board

23rd January 2017

 

This report provides members with an update on the Capital programme spend against budget for 2016/17 as at the 31st October 2016. 

 

 

Member Approved Virement

 

Public Housing

 

Voids to Achieve the CHS – To support the increase expenditure within the Voids budget. Virement transfer of £582k from Housing Development Programme to Voids.

 

Voids to Achieve the CHS – An additional £500k budget that is funded from direct revenue financing to increase Voids budget to £1,382k.

 

Variances

 

Appendix A which is shown departmentally, shows a forecasted net spend of £53,414k compared with a working net budget of £69,095k giving a £-15,681k variance. The variance will be slipped into future years, as the funding will be required to ensure that the schemes are completed.

 

Appendix B details the main variances within each department.

 

DETAILED REPORT ATTACHED ?

YES

 

 

 

IMPLICATIONS

 

 

I confirm that other than those implications which have been agreed with the appropriate Directors / Heads of Service and are referred to in detail below, there are no other implications associated with this report :

 

Signed:             O. Bowen                                                      Head of Financial Services                         

 

Policy, Crime & Disorder and Equalities

 

Legal

Finance

ICT

Risk Management Issues

Staffing Implications

Physical Assets 

NONE

 

NONE

 

YES

NONE

 

 NONE

 

 

NONE

 

 

YES

Finance 

The capital programme shows an under spend of £-15.681m, which will be incorporated into the 2017/18 capital programme.

 

Physical Assets 

The capital programme will have an impact on the physical assets of the Authority.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CONSULTATIONS

 

I confirm that the appropriate consultations have taken in place and the outcomes are as detailed below

 

Signed:         O. Bowen                                                         Head of  Financial Services                                             

 

1. Scrutiny Committee

Relevant Scrutiny Committees will be consulted.

2.Local Member(s)  N/A

3.Community / Town Council N/A

4.Relevant Partners  N/A

5.Staff Side Representatives and other Organisations  N/A

Section 100D Local Government Act, 1972 – Access to Information

List of Background Papers used in the preparation of this report:

 

             THERE ARE NONE

 

Title of Document

 

File Ref No.

Locations that the papers are available for public inspection

 

2016-17 Capital Programme

 

 

 

Corporate Services Dept, County Hall, Carmarthen