Revenue and Capital Budget Monitoring Report
Renfrewshire Council · 5 February 2026
Back to Finance, Resources and Customer Services Policy Board — 5 February 2026 and its agenda
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PUBLIC ___________________________________________________________________ To: Finance, Resources and Customer Services Policy Board On: 5 February 2026 ___________________________________________________________________ Report by: Director of Finance and Resources ___________________________________________________________________ Heading: Revenue and Capital Budget Monitoring 2025/26 at 14 November 2025 ___________________________________________________________________ 1. Summary 1.1 At the close of reporting Period 8 on 14 November 2025, the projected revenue outturn at 31 March 2026 for those services reporting to the Finance, Resources and Customer Services Policy Board is an overspend position of £0.408m (0.4%) against the revised budget for the year. 1.2 The projected capital outturn at 31 March 2026 for projects reporting to the Finance, Resources and Customer Services Policy Board is a break-even position. 1.3 This is summarised over the relevant services in the table below and further analysis is provided in the report and appendices. Revised Annual Budget £000 Projected Outturn £000 Budget Variance (Adv)/Fav £000 Budget Variance % Revenue Finance and Resources 50.669 50.594 0.075 0.1% Environment, Housing and Infrastructure 28.275 28.693 (0.418) (1.5%) Chief Executive's Service (Estates) 0.683 0.748 (0.065) (9.5%) Miscellaneous 17.914 17.914 0 0.0% Total 97.541 97.949 (0.408) (0.4)% Capital Finance, Resources and Customer Services Policy Board 6.097 6.097 0 0%
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PUBLIC 2. Recommendations 2.1 Members are requested to: a) Note the projected Revenue outturn overspend position of £0.408m; b) Note the projected Capital outturn break-even position; and c) Note the budget adjustments detailed at section 6. 3. Revenue Budget Projection – overspend of £0.408m by 31 March 2026 3.1 The tables in Appendix 1 present the projected year-end position for all services reporting to this Board, by both subjective analysis (what the budget is spent on) and objective analysis (which division is spending the budget). Significant variances affecting the projected position are analysed further below. 3.2 It should be noted that the projected outturn position reported here is based on the latest information available, which is subject to change during the financial year. The impact of any change on this projection will be updated at each board cycle until the close of reporting Period 10. Budget holders are obliged to seek mitigating action to minimise significant budget variances. 4. Objective Analysis – Significant Variances 4.1 Environment, Housing and Infrastructure - £0.418m overspend The Public Building Repairs budget is currently forecasting an overspend of £0.402m, which is a slight improvement on the position reported at Period 6. The overspend is primarily driven by continued inflationary pressures and rising costs, which have impacted the service over the last number of years. The position continues to be closely monitored by management, with work ongoing to understand the underlying cost drivers and mitigating actions taken where possible, including moving to emergency repairs only in public buildings. 4.2 Chief Executive’s Service (Estates) - £0.065m overspend This forecast position relates mainly to the costs of maintaining and securing surplus properties and progressing them to sale.
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PUBLIC 5. Subjective Analysis – Significant Variances 5.1 Employee Costs - £0.393 underspend Environment, Housing and Infrastructure is projecting an underspend of £0.403m, which reflects current high staff turnover and recruitment challenges. This position is being managed and will continue to be monitored for the remainder of the year. 5.2 Premises Related - £1.111m overspend This projected overspend predominantly relates to repairs and maintenance in Public Building Repairs due the continued inflationary and cost pressures that have been experienced by the service over the last few financial years. It is partly offset by underspends and income elsewhere in the service at present. The position continues to be closely monitored. 6. Revenue Budget Virements 6.1. Under the Council’s financial regulations, Directors and their nominated officers, in consultation with the Director of Finance and Resources, have certain delegated authority to transfer sums between subjective budget headings within a service division to enable budget management throughout the financial year. This is known as budget virement. 6.2. Transfers between divisions of the same service / department in excess of £100,000, and transfers between services / departments must be authorised by the respective service Director and the Director of Finance and Resources for submission to the relevant policy board for approval. The budget adjustments processed since the previous report to board reflect either the allocation of centrally held budgets already approved, or within delegation. 7. Capital Budget Projection – break even position by 31 March 2026 7.1 The revised Capital Investment Programme 2025/26 to 2029/30 was approved by the Council on 1 May 2025. The Finance, Resources and Customer Services approved capital spend for 2025/26 is £9.662m. 7.2 The in-year Capital budget is forecast to break even by 31 March 2026, however, this will be monitored as the projects progress. Further details of the programme can be found in the Capital Monitoring report at Appendix 2.
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PUBLIC 7.3 There have been a number of budget adjustments to reflect revised programming for some capital projects. The revised capital spend for 2025/26 is £6.097m, and details of these adjustments, which amount to (£3.565m) are as follows: Project Amount (£m) Budget carried forward into 2026/27 - updated cashflows Lifecycle maintenance capital fund (3.000) Artificial pitches (0.615) Budget Increases in 2025/26 Village Improvement Fund – (CFCR funded) 0.050 Total (3.565) Implications of the Report 1. Financial The projected budget outturn position for Finance, Resources and Customer Services’ Revenue budget is an overspend of £0.408m (0.4%) at 31 March 2026. Income and expenditure will continue to be monitored closely for the rest of the financial year, with steps being taken as far as possible to mitigate any overspends. The projected outturn position for Finance, Resources and Customer Services’ Capital budget is break-even, after the adjustments outlined at section 7. 2. HR & Organisational Development While staffing budgets form a significant proportion of the Council’s revenue budgets, there are no direct implications arising from the recommendations in this report. 3. Community/Council Planning Community Plan Our Renfrewshire is thriving The Council’s revenue and capital spend ensures that its facilities are fit for purpose and safe for the community, to maximise accessibility. Our Renfrewshire is well Our Renfrewshire is fair Our Renfrewshire is safe Council Plan Reshaping our place, our economy, and our future The Council’s revenue and capital spend ensures that its facilities are fit for purpose and safe for the community, to maximise accessibility. Building strong, safe, and resilient communities Tackling inequality, ensuring opportunities for all
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PUBLIC Creating a sustainable Renfrewshire for all to enjoy Ongoing revenue and capital budget monitoring is a tool to enable good financial management so that the Council has resources now and in the future for continued service delivery. Working together to improve outcomes 4. Legal There are no direct implications arising from the recommendations in this report. 5. Property/Assets The capital expenditure noted in this report will result mainly in lifecycle maintenance improvements to existing properties, replacement of ICT assets and infrastructure and replacement of artificial pitches. 6. Information Technology While ICT assets and revenue costs are included within these reported budgets, there are no direct implications arising from the recommendations in this report. 7. Equality & Human Rights While new areas of spend may impact on particular groups, any such impact would be assessed prior to the spend being incurred, therefore there are no direct implications arising from the recommendations in this report. 8. Health & Safety The capital expenditure noted in this report will result in lifecycle maintenance improvements to existing properties and replacement of ICT assets, which may in some cases improve health and safety measures. 9. Procurement While Procurement is an important consideration prior to the Council incurring any revenue or capital spend, there are no direct implications arising from the recommendations in this report. 10. Risk The potential financial risk that the Council will overspend its approved revenue budgets for the year is managed at a Council-wide level by the Chief Executive and Directors. 11. Privacy Impact There are no direct implications arising from the recommendations in this report. 12. Cosla Policy Position N/a
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PUBLIC 13. Children’s Rights There are no direct implications arising from the recommendations in this report. 14. Climate Change The Council aims to reduce its carbon and other emissions to net zero by 2030, however there are no direct implications arising from the recommendations in this report. List of Background Papers • Revenue Budget and Council Tax 2025/26, Council 27 February 2025 • The Capital Investment Programme 2025/26 to 2029/30, Council 27 February 2025 Author: Valerie Howie and Lisa Dickie, Finance Business Partners; Alison Burns, Corporate Finance Manager; and Linsey McGregor, Capital Accountant.
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Appendix 1 PUBLIC RENFREWSHIRE COUNCIL REVENUE BUDGET MONITORING STATEMENT 2025/26 1 April 2025 to 14 November 2025 POLICY BOARD: FINANCE, RESOURCES & CUSTOMER SERVICES Objective Summary Annual Budget at Period 6 Budget Adjustments Revised Annual Budget at Period 8 Projected Outturn Budget Variance (Adverse) or Favourable Previous Projected Outturn Variance Movement £000 £000 £000 £000 £000 % £000 £000 Finance and Resources 50,513 156 50,669 50,594 75 0.1% 70 5 Environment, Housing and Infrastructure 28,163 112 28,275 28,693 (418) (1.5%) (470) 52 Chief Executive's Service (Estates) 683 0 683 748 (65) (9.5%) (113) 48 Miscellaneous 18,114 (200) 17,914 17,914 0 0.0% 0 0 NET EXPENDITURE 97,473 68 97,541 97,949 (408) (0.4%) (513) 105 Subjective Summary Annual Budget at Period 6 Budget Adjustments Revised Annual Budget at Period 8 Projected Outturn Budget Variance (Adverse) or Favourable Previous Projected Outturn Variance Movement £000 £000 £000 £000 £000 % £000 £000 Employees 90,383 (43) 90,340 89,947 393 0.4% 973 (580) Premises Related 11,209 127 11,336 12,447 (1,111) (9.8%) (1,225) 114 Transport Related 2,377 (113) 2,264 2,449 (185) (8.2%) (80) (105) Supplies and Services 24,742 73 24,815 25,754 (939) (3.8%) (145) (794) Third Party Payments 1,868 0 1,868 1,860 8 0.4% 8 0 Transfer Payments 47,271 (8,549) 38,722 38,718 4 0.0% 552 (548) Support Services 860 17 877 942 (65) (7.4%) (49) (16) Depreciation and Impairment Losses 14,909 0 14,909 14,909 0 0.0% 0 0 GROSS EXPENDITURE 193,619 (8,488) 185,131 187,026 (1,895) (1.0%) 34 (1,929) Income (96,146) 8,556 (87,590) (89,077) 1,487 1.7% (547) 2,034 NET EXPENDITURE 97,473 68 97,541 97,949 (408) (0.4%) (513) 105
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Appendix 1 PUBLIC RENFREWSHIRE COUNCIL REVENUE BUDGET MONITORING STATEMENT 2025/26 1 April 2025 to 14 November 2025 POLICY BOARD: FINANCE, RESOURCES & CUSTOMER SERVICES Objective Summary Annual Budget at Period 6 Budget Adjustments Revised Annual Budget at Period 8 Projected Outturn Budget Variance (Adverse) or Favourable Previous Projected Outturn Variance Movement £000 £000 £000 £000 £000 % £000 £000 Finance and Resources Directorate (836) 29 (807) (792) (15) (1.9%) (15) 0 Audit Services 640 (109) 531 448 83 15.6% 37 46 Corporate Governance 3,552 0 3,552 3,511 41 1.2% 40 1 Digital, Transformation & Customer Services 25,386 92 25,478 25,503 (25) (0.1%) (4) (21) Finance and Procurement 5,137 12 5,149 5,143 6 0.1% 4 2 Business Services 7,539 392 7,931 7,933 (2) 0.0% 4 (6) People & Organisational Development 2,367 (264) 2,103 2,105 (2) (0.1%) 19 (21) Social care (non-delegated) 818 3 821 832 (11) (1.3%) (14) 3 Council and Externally Funded Schemes 5,910 1 5,911 5,911 0 0.0% (1) 1 NET EXPENDITURE 50,513 156 50,669 50,594 75 0.1% 70 5
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Appendix 1 PUBLIC RENFREWSHIRE COUNCIL REVENUE BUDGET MONITORING STATEMENT 2025/26 1 April 2025 to 14 November 2025 POLICY BOARD: FINANCE, RESOURCES & CUSTOMER SERVICES - FINANCE & RESOURCES Subjective Summary Annual Budget at Period 6 Budget Adjustments Revised Annual Budget at Period 8 Projected Outturn Budget Variance (Adverse) or Favourable Previous Projected Outturn Variance Movement £000 £000 £000 £000 £000 % £000 £000 Employees 39,013 (13) 39,000 39,010 (10) 0.0% (55) 45 Premises Related 2,747 0 2,747 2,757 (10) (0.4%) (25) 15 Transport Related 274 0 274 263 11 4.0% 10 1 Supplies and Services 11,681 73 11,754 11,837 (83) (0.7%) (50) (33) Third Party Payments 1,868 0 1,868 1,860 8 0.4% 8 0 Transfer Payments 46,163 (8,500) 37,663 37,674 (11) 0.0% 522 (533) Support Services 400 17 417 424 (7) (1.7%) 8 (15) Depreciation and Impairment Losses 0 0 0 0 0 0.0% 0 0 GROSS EXPENDITURE 102,146 (8,423) 93,723 93,825 (102) (0.1%) 418 (520) Income (51,633) 8,579 (43,054) (43,231) 177 0.4% (348) 525 NET EXPENDITURE 50,513 156 50,669 50,594 75 0.1% 70 5
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Appendix 1 PUBLIC RENFREWSHIRE COUNCIL REVENUE BUDGET MONITORING STATEMENT 2025/26 1 April 2025 to 14 November 2025 POLICY BOARD: FINANCE, RESOURCES & CUSTOMER SERVICES - FINANCE & RESOURCES Subjective Summary Annual Budget at Period 6 Budget Adjustments Revised Annual Budget at Period 8 Projected Outturn Budget Variance (Adverse) or Favourable Previous Projected Outturn Variance Movement £000 £000 £000 £000 £000 % £000 £000 Employees 39,013 (13) 39,000 39,010 (10) 0.0% (55) 45 Premises Related 2,747 0 2,747 2,757 (10) (0.4%) (25) 15 Transport Related 274 0 274 263 11 4.0% 10 1 Supplies and Services 11,681 73 11,754 11,837 (83) (0.7%) (50) (33) Third Party Payments 1,868 0 1,868 1,860 8 0.4% 8 0 Transfer Payments 46,163 (8,500) 37,663 37,674 (11) 0.0% 522 (533) Support Services 400 17 417 424 (7) (1.7%) 8 (15) Depreciation and Impairment Losses 0 0 0 0 0 0.0% 0 0 GROSS EXPENDITURE 102,146 (8,423) 93,723 93,825 (102) (0.1%) 418 (520) Income (51,633) 8,579 (43,054) (43,231) 177 0.4% (348) 525 NET EXPENDITURE 50,513 156 50,669 50,594 75 0.1% 70 5
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Appendix 1 PUBLIC Objective Summary Annual Budget at Period 6 Budget Adjustments Revised Annual Budget at Period 8 Projected Outturn Previous Projected Outturn V i Movement £000 £000 £000 £000 £000 % £000 £000 Building Services 173 0 173 174 (1) (0.6%) 0 (1) Public Building Repairs 6,620 113 6,733 7,135 (402) (6.0%) (486) 84 Soft Facilities Management Services 21,226 (1) 21,225 21,240 (15) (0.1%) 16 (31) Property Services 144 0 144 144 0 0.0% 0 0 NET EXPENDITURE 28,163 112 28,275 28,693 (418) (1.5%) (470) 52 Subjective Summary Annual Budget at Period 6 Budget Adjustments Revised Annual Budget at Period 8 Projected Outturn Previous Projected Outturn i Movement £000 £000 £000 £000 £000 % £000 £000 Employees 34,376 0 34,376 33,973 403 1.2% 1,028 (625) Premises Related 4,801 111 4,912 6,013 (1,101) (22.4%) (1,200) 99 Transport Related 1,812 0 1,812 2,008 (196) (10.8%) (90) (106) Supplies and Services 12,349 0 12,349 13,140 (791) (6.4%) (30) (761) Third Party Payments 0 0 0 0 0.0% 0 0 Transfer Payments 167 1 168 153 15 8.9% 30 (15) Support Services 1,356 0 1,356 1,414 (58) (4.3%) (57) (1) Depreciation and Impairment Losses 1,677 0 1,677 1,677 0 0.0% 0 0 GROSS EXPENDITURE 56,538 112 56,650 58,378 (1,728) (3.1%) (319) (1,409) Income (28,375) 0 (28,375) (29,685) 1,310 4.6% (151) 1,461 NET EXPENDITURE 28,163 112 28,275 28,693 (418) (1.5%) (470) 52 Budget Variance (Adverse) or Favourable POLICY BOARD: FINANCE, RESOURCES & CUSTOMER SERVICES - ENVIRONMENT, HOUSING AND INFRASTRUCTURE RENFREWSHIRE COUNCIL Budget Variance (Adverse) or Favourable REVENUE BUDGET MONITORING STATEMENT 2025/26 1 April 2025 to 14 November 2025
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Appendix 1 PUBLIC RENFREWSHIRE COUNCIL REVENUE BUDGET MONITORING STATEMENT 2025/26 1 April 2025 to 14 November 2025 POLICY BOARD: FINANCE, RESOURCES & CUSTOMER SERVICES - CHIEF EXECUTIVE'S SERVICE (ESTATES) Subjective Summary Annual Budget at Period 6 Budget Adjustments Revised Annual Budget at Period 8 Projected Outturn Budget Variance (Adverse) or Favourable Previous Projected Outturn Variance Movement £000 £000 £000 £000 £000 % £000 £000 Employees 0 0 0 0 0 0.0% 0 0 Premises Related 1,379 0 1,379 1,379 0 0.0% 0 0 Transport Related 0 0 0 0 0 0.0% 0 0 Supplies and Services 4 0 4 69 (65) (1625.0%) (65) 0 Third Party Payments 0 0 0 0 0 0.0% 0 0 Transfer Payments 66 0 66 66 0 0.0% 0 0 Support Services 503 0 503 503 0 0.0% 0 0 GROSS EXPENDITURE 1,952 0 1,952 2,017 (65) (3.3%) (65) 0 Income (1,269) 0 (1,269) (1,269) 0 0.0% (48) 48 NET EXPENDITURE 683 0 683 748 (65) (9.5%) (113) 48
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Appendix 1 PUBLIC RENFREWSHIRE COUNCIL REVENUE BUDGET MONITORING STATEMENT 2025/26 1 April 2025 to 14 November 2025 POLICY BOARD: FINANCE, RESOURCES & CUSTOMER SERVICES - MISCELLANEOUS Subjective Summary Annual Budget at Period 6 Budget Adjustments Revised Annual Budget at Period 8 Projected Outturn Budget Variance (Adverse) or Favourable Previous Projected Outturn Variance Movement £000 £000 £000 £000 £000 % £000 £000 Employees 16,994 (30) 16,964 16,964 0 0.0% 0 0 Premises Related 2,282 16 2,298 2,298 0 0.0% 0 0 Transport Related 291 (113) 178 178 0 0.0% 0 0 Supplies and Services 708 0 708 708 0 0.0% 0 0 Third Party Payments 0 0 0 0 0 0.0% 0 0 Transfer Payments 875 (50) 825 825 0 0.0% 0 0 Support Services (1,399) 0 (1,399) (1,399) 0 0.0% 0 0 Depreciation and Impairment Losses 13,232 0 13,232 13,232 0 0.0% 0 0 GROSS EXPENDITURE 32,983 (177) 32,806 32,806 0 0.0% 0 0 Income (14,869) (23) (14,892) (14,892) 0 0.0% 0 0 NET EXPENDITURE 18,114 (200) 17,914 17,914 0 0.0% 0 0
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Appendix 2 PUBLIC Prior Years Approved Budget Revised Projected Total Approved Projected Expenditure Budget Adjustments Budget Outturn Budget Outurn Project Title to 31/03/2025 2025-26 since previous 2025-26 2025-26 to 31-Mar-30 to 31-Mar-30 Board report £000 £000 £000 £000 £000 £000 £000 CORPORATE PROJECTS ICT Infrastructure Maintenance & Renewal Programme 0 1,269 0 1,269 1,269 0 0% 4,469 4,469 0 0% Lifecycle Capital Maintenance (LCM) Fund 0 6,650 (3,000) 3,650 3,650 0 0% 22,583 22,583 0 0% Artificial Pitch Upgrades 1,315 1,186 (615) 571 571 0 0% 2,501 2,501 0 0% Digital Infrastructure Provision 1,907 29 0 29 29 0 0% 1,936 1,936 0 0% Commnunity Empowerment Fund 684 266 0 266 266 0 0% 951 951 0 0% Villages Improvement Fund 349 201 50 251 251 0 0% 600 600 0 0% Greenspaces and Parks 0 60 0 60 60 0 0% 60 60 0 0% Retail Improvement Fund 149 1 0 1 1 0 0% 150 150 0 0% TOTAL FINANCE, RESOURCES & CUSTOMER SERVICES BOARD 4,404 9,662 (3,565) 6,097 6,097 0 0% 33,250 33,250 0 0% Budget Variance (Adverse) or Favourable Budget Variance (Adverse) or Favourable RENFREWSHIRE COUNCIL CAPITAL INVESTMENT STRATEGY - NON-HOUSING SERVICES 1st April to 14th November 2025 POLICY BOARD: FINANCE, RESOURCES & CUSTOMER SERVICES Current Year 2025-26 Full Programme - All years