Item 15 - Corporate Services Capital Budgetary Control Report to 31 January 2025 (Period 10)
West Dunbartonshire Council · 21 May 2025
Back to Corporate Services Committee — 21 May 2025 and its agenda
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WEST DUNBARTONSHIRE COUNCIL Report by the Chief Officer – Resources Corporate Services Committee – 21 May 2025 ___________________________________________________________________ Subject: Corporate Services Capital Budgetary Control Report to 31 January 2025 (Period 10). 1. Purpose 1.1 This report provides an update on the Corporate Services capital programme to 31 January 2025. 2. Recommendations 2.1 Committee is asked to: i) Note the current position of the 2024/25 capital budget for Corporate Services ii) Note that the project life total is currently on track. 3. Background 3.1 On 6 March 2024 the Council approved the updated General Services Capital Plan for 2024/2025 to 2032/33. The three years from 2024/25 to 2026/27 were approved in detail with the remaining years being indicative. The budget agreed under the auspice of Corporate Services Committee was £3.264m for 2024/25 and £28.560m for the project life budget. 4. Main Issues 4.1 Exhibit 1 sets out the revised capital budget at period 7 as reported to Committee 5 February 2025. Exhibit 1: Revised Capital Budget as at 31 January 2025. 2024/25 (£m) Project Life (£m) Corporate Services Capital Budget Agreed 6 March 2024. 3.624 28.560 Updates reported to Committee on 14 August and 6 November 2024. 0.432 0.390 ITEM 15
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Reprofiling reported to Committee on 6 November 2024. 0.123 0.000 Replacement of Council’s financial ledger system. 0.100 1.000 New Approved Budget at Period 7 4.279 29.950 4.2 Progress against the 2024/25 capital plan is detailed in: Appendix 1 – Project Life Summary by Chief Officer Appendix 2 – Projects Off Track – not required for period 10 as there are no off-track projects to report Appendix 3 – Changes to Project Profiles at P10 Appendix 4 – All Projects 4.3 The overall program summary report at Appendix 1 shows that planned expenditure against the budget agreed 6 March 2024 is on track. 4.4 Appendix 4 shows all projects with approval in year and project life budgets as well as anticipated expenditure. It highlights that the 2024/25 budget is £4.279m with current forecast spend of £4. 164m.The spend as at period 10 is £1.532m (36.79%) of the current forecast spend of £4.164m. 4.5 Exhibit 2 sets out the revised capital budget at period 10 following approval at Council on 5 March 2025 as part of the new capital programme. Exhibit 2: Revised Capital Budget 2024/25 (£m) Project Life (£m) Revised Capital Budget as at 31 January 2025 4.279 29.950 Updates agreed as part of Capital Plan 5 March 2025. 0 0.004 Reprofiling of Projects reported to Council 5 March 2025 (see appendix 3) (0.080) 0 Underspend – RES 2 Cash Receipting Systems Enhancements (0.025) (0.025) Underspend – RES 4 Agresso Development (0.010) (0.010) Revised Capital Budget Period 10. 4.164 29.919 5. Option Appraisal 5.1 No option appraisal was required for this report.
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6. People Implications 6.1 There are no people implications. 7. Financial and Procurement Implications 7.1 The report notes the projected in-year financial position for capital budgets. 8. Risk Analysis 8.1 The main risks are as follows: (a) The reported variances should be viewed in the knowledge that there are a number of variable factors which could arise between now and 31 March which could affect the year end results for capital budgets. (b) As a consequence of current market conditions, inflation is at an all-time high and interest rates continue to be volatile. To forecast for the full year costs budget assumptions have been required. These assumptions continue to change regularly and therefore it is likely the projected year end budgetary position will change from that reported. 9. Equalities Impact Assessment (EIA) 9.1 No equalities impact assessment was required in relation to this report. 10. Environmental Sustainability 10.1 No assessment of environmental sustainability was required in relation to this report. 11. Consultation 11.1 All services involved in delivering the capital budgets have been consulted in the compilation of this report. 12. Strategic Assessment 12.1 Proper budgetary control and sound financial practice are cornerstones of good governance and support Council and officers to pursue the strategic priorities of the Council’s current Strategic Plan. This report forms part of the financial governance of the Council. Laurence Slavin Chief Officer – Resources Date: 06 May 2025 ________________ Person to Contact: Adrian Gray Council Offices, Church Street, Dumbarton
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E-mail: adrian.gray@west-dunbarton.gov.uk Appendices: Appendix 1 - Project Life Summary Appendix 2 - Projects Off Track – not required at P10 Appendix 3 - Reprofiled Projects Appendix 4 - Details of all Projects. Background Papers: General Services Capital Plan Update - Council 6 March 2024. Capital Monitoring Report – Council 26 March 2025. Wards Affected All Wards