Item 15 - Corporate Services Budgetary Control Report to 30 June 2022
West Dunbartonshire Council · 17 August 2022
Back to Corporate Services Committee — 17 August 2022 and its agenda
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WEST DUNBARTONSHIRE COUNCIL Report by the Strategic Lead Resources Corporate Services Committee – 17 August 2022 ___________________________________________________________________ Subject: Corporate Services Budgetary Control Report to 30 June 2022 (Period 03) 1. Purpose 1.1 The purpose of this report is to advise the Committee on the performance of the Corporate Services budget for the period to 30 June 2022. 2. Recommendations 2.1 Members are asked to: i) note that the revenue account currently shows a projected annual favourable variance of -£0.314m (-0.93% of the total budget) and ii) note that the capital account is showing a projected in-year underspend of -£0.655m (-10.1% of in-year budget) due to 2 projects showing projected underspends as a result of delays to these projects with explanations for delays detailed in Appendix 6. The project life projection is currently showing a projected underspend of £-0.096m (- 1.0% of project life budget). 3. Background 3.1 Revenue Budget At the meeting of West Dunbartonshire Council on 9 March 2022, Members agreed the revenue estimates for 2022/23. A total net budget of £33.919m was approved for services under the remit for Corporate Services at that time. 3.2 Capital Budget At the meeting of Council on 9 March 2022, Members also agreed the updated 10 year General Services Capital Plan for 2022/2023 to 2031/32. The next three years from 2022/23 to 2024/25 have been approved in detail with the remaining 7 years being indicative at this stage. The total project life budget approved for projects that have either commenced or are due to commence in that period total for Corporate Services was £10.080m. 4. Main Issues Revenue Budget ITEM 15
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4.1 The summary report at Appendix 1 identifies a projected annual favourable variance (underspend) of -£0.314m (-0.93% of the total budget). Detailed service reports are attached as Appendix 2. 4.2 There are nine projected annual variances in excess of £0.050m. Notes on these variances are highlighted and noted within Appendix 3, with additional information on action being taken to minimise or mitigate overspends where possible. 4.3 Although the report indicates that expenditure is favourable in comparison to that anticipated during the budget exercise, the present variance should be viewed in the knowledge that there are a number of variable factors which could arise between now and 31 March 2023 and which could affect the year end results. Capital Budget 4.4 Appendices 4 to 6 highlight 2 projects as showing an in-year underspend and 18 projects on target. The overall Corporate Services programme summary report at Appendix 5 shows that there is a projected £0.655m (10.1% of the total programmed budget) to be re-phased in future years. There are two significant variances within the Capital Budget, these are shown in the following table. See Appendix 6 for more details. Project Variance £m ICT Security & DR -0.197 ICT Modernisation -0.472 5. People Implications 5.1 There are no people implications. 6. Financial and Procurement Implications 6.1 Other than the financial position noted above, there are no financial or procurement implications from this budgetary control report. 7. Risk Analysis 7.1 The main financial risks to the ongoing financial position relate to unforeseen costs being identified between now and the end of the financial year. This can affect all service areas 8. Equalities Impact Assessment (EIA)
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8.1 No equalities impact assessment was required in relation to this report. 9. Consultation 9.1 All services involved in delivering the revenue and capital budgets have been consulted in the compilation of this report. 10. Strategic Assessment 10.1 Proper budgetary control and sound financial practice are cornerstones of good governance and support Council and officers to pursue the 5 strategic priorities of the Council’s Strategic Plan. This report forms part of the financial governance of the Council. __________________ Laurence Slavin Chief Officer Resources Date: 31 July 2022 ________________________________________________________________ Person to Contact: Adrian Gray, Finance Business Partner Council Offices, 16 Church Street, Dumbarton Telephone: (01389) 737838 E-mail: adrian.gray@west-dunbarton.gov.uk Appendices: Appendix 1 - Revenue Budgetary Control 2022/23 – Summary Report Appendix 2 - Revenue Budgetary Control 2022/23 – Service Reports Appendix 3 - Analysis of Revenue Variances over £50,000 Appendix 4 - Overall Capital Programme Summary Financials Appendix 5 - Capital Programme – Red Status Appendix 6 - Capital Programme – Green Status Background Papers: Ledger output – Period 03 General Services Revenue Estimates 2022/23 – Council 9 March 2022 General Services Capital Strategy 2021/22 to 2030/31 - Council 9 March 2022 Wards Affected All Wards