Item 13 Appendix 3-6 - Housing Revenue Account Budgetary Control Report to 30 September 2022 (Period 6)
West Dunbartonshire Council · 23 November 2022
Back to Housing & Communities Committee — 23 November 2022 and its agenda
Text extracted from the council's PDF. Layout and reading order may differ from the original.
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APPENDIX 3 WEST DUNBARTONSHIRE COUNCIL HRA CAPITAL PROGRAMME OVERALL PROGRAMME SUMMARY MONTH END DATE PERIOD 6 Spend to Date Spend to Date £000 £000 Red 5 18.5% 4,754 41.0% 5 18.5% 4,754 41.0% Amber 0 0.0% 0 0.0% 0 0.0% 0 0.0% Green 22 81.5% 6,850 59.0% 22 81.5% 6,850 59.0% 27 100% 11,604 100% 27 100% 11,604 100% Budget Spend to Date Forecast Spend Forecast Variance Budget Spend to Date Forecast Spend Forecast Variance Reprofiled Over/ (Under) £000 £000 £000 £000 £000 £000 £000 £000 £000 £000 131,888 4,754 132,654 766 45,222 4,754 18,172 (27,050) (27,816) 766 0 0 0 0 0 0 0 0 0 0 84,232 6,850 84,051 (181) 20,382 6,850 20,201 (181) 0 (181) 216,120 11,604 216,706 585 65,604 11,604 38,373 (27,230) (27,816) 585 216,120 11,604 216,706 (585) 65,604 11,604 38,373 27,230 0 0 0 0 0 0 0 0 TOTAL RESOURCES NET EXPENDITURE Projects are forecast to be overspent and/or significant delay to completion Amber Projects are either at risk of being overspent and/or delay in completion (although this is unquantifiable at present) or the project has any issues that require to be reported at this time Green Projects are on target both in relation to overall budget and the forecast stages in the project life cycle and no issues are anticipated at this time TOTAL EXPENDITURE Project Status Analysis Project Life Financials Current Year Financials Red Projects are on target both in relation to overall budget and the forecast stages in the project life cycle and no issues are anticipated at this time 30 September 2022 Project Status Analysis Project Life Status Analysis Current Year Project Status Analysis Number of Projects at RAG Status % Projects at RAG Status % Project Spend at RAG Status Number of Projects at RAG Status % Projects at RAG Status % Project Spend at RAG Status Red Projects are forecast to be overspent and/or experience material delay to completion Amber Projects are either at risk of being overspent and/or delay in completion (although this is unquantifiable at present) or the project has any issues that require to be reported at this time Green
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WEST DUNBARTONSHIRE COUNCIL APPENDIX 4 HRA CAPITAL PROGRAMME ANALYSIS OF RED PROJECTS MONTH END DATE PERIOD 6 Budget Forecast Spend £000 £000 % £000 £000 % 1 Project Life Financials 10,963 398 4% 10,963 0 0% Current Year Financials 2,500 398 16% 1,500 (1,000) -40% Project Description Project Lifecycle 31-Mar-27 31-Mar-27 2 Project Life Financials 566 123 22% 658 92 16% Current Year Financials 108 123 115% 200 92 86% Project Description Project Lifecycle 31-Mar-27 31-Mar-27 3 Project Life Financials 5,092 1,467 29% 5,092 0 0% Current Year Financials 969 1,467 151% 1,500 531 55% Project Description Project Lifecycle 31-Mar-27 31-Mar-27 Mitigating Action None available since essential spend. Anticipated Outcome Budget to overspend. Heating improvement works Carry out works to renew inefficient boilers/full systems as identified from the stock condition survey and renewal of obsolete/damaged boilers. Planned End Date Forecast End Date Main Issues / Reason for Variance Anticipated to meet full spend and targets and likely to overspend. This budget has overspent in recent years as demand has exceeded expectations. Current progress continues this trend. Due to the nature of this project (ensuring heating and hot water availability) there is no option for a conscious reduction of installs. Main Issues / Reason for Variance Projected to exceed budget, this is necessary work to meet demand and comply with legislation. Mitigating Action None available. Anticipated Outcome Budget to overspend. Statutory/regulatory compliance works (lifts/electrical/legionnella/fire etc) This budget will be used to upgrade / replace components / installations in order to comply with the relevant standards / legislation / health and safety in relation to housing stock. Planned End Date Forecast End Date Main Issues / Reason for Variance Officers working to meet revised targets. Additional external support has been programmed in from August onwards to assist with window installs, feedback from officers have highlighted challenges with resource levels from back-up contractor. This will be monitored closely, however approximately £1m will need to reprofiled into 23/24. Mitigating Action Building Services actively redeploying internal resurces to assist with installs and working with external support to maximise contribution. Anticipated Outcome Anticipated to meet reduced forecast spend Doors/window component renewals Doors/Windows Component Renewals Planned End Date Forecast End Date 30 September 2022 Budget Details Project Life Financials Spend to Date Variance
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WEST DUNBARTONSHIRE COUNCIL APPENDIX 4 HRA CAPITAL PROGRAMME ANALYSIS OF RED PROJECTS MONTH END DATE PERIOD 6 Budget Forecast Spend £000 £000 % £000 £000 % 30 September 2022 Budget Details Project Life Financials Spend to Date Variance 4 Project Life Financials 8,384 1,794 21% 9,384 1,000 12% Current Year Financials 2,000 1,794 90% 3,000 1,000 50% Project Description Project Lifecycle 31-Mar-27 31-Mar-27 5 Project Life Financials 106,883 972 1% 106,556 (326) 0% Current Year Financials 39,645 972 2% 11,972 (27,673) -70% Project Description Project Lifecycle 31-Mar-27 31-Mar-27 Sites to be reprofiled £m Aitkenbar Primary School (374) Clydebank East (13,754) Queens Quay Site B (629) Queens Quay Site C (878) Pappert (4,481) Bank Street (575) Willow Park Phase 1 (1,989) Mount Pleasant (2,420) Future New build sites (2,246) TOTAL OF ALL PROJECTS (27,346) Aitkenbar. Fully complete. Project spend now requires to be reprofiled. Retention figure of £0.374m budgeted to be paid out in 2022/23 will now be reprofiled to be paid in 2023/24 to allow time to finalise account. Main Issues / Reason for Variance Progress will continue to be monitored as the year progresses. The £27.673 variance is made up of £0.326m underspend and a reprofiling of £27.346m into 2023/24 onwards . Summary of reprofiled sites together with site specific updates as follows:- Clydebank East - 88 units to be completed on the site. Project spend now requires to be reprofiled. Anticipated site start of June 2022 has been delayed as a result of assessing remediation strategy options, while the exercise has proved to be a lengthy process the options have identified an affordable method which is estimated to be around £9m less costly than the original proposed method. We expect revised tender costs early in November and anticipate a site start before the end of the year. The remediation methods will take longer and will be the first phase of the development and the construction of the new homes will likely commence in April 2023. £13.754m of the £18.754m current year budget will be required to be reprofiled into 23/24. Queens Quay Site B - 29 units now completed on the site. Project spend now requires to be reprofiled. Retention figure of £0.629m budgeted to be paid out in 2022/23 will now be reprofiled to be paid in 2023/24 to allow time to finalise account. Queens Quay Site C – 20 units to be completed on site. Project spend now requires to be reprofiled. The budget provision is to acquire additional land within Queens Quay to enhance the Site C proposals, the discussions with CRL/Rydens have been protracted but we intend to make an offer shortly subject to the DV valuation being received. This will be reprofiled into 2022/23 (£1.878m). Affordable Supply Programme Affordable Housing Supply Programme Planned End Date Forecast End Date Anticipated Outcome Void properties to be brought up to lettable standard Planned End Date Forecast End Date Main Issues / Reason for Variance Void works to continue into 22/23 to bring void properties up to a lettable standard. The high number of voids has led to a higher than expected demand for this budget, resulting in a projected overspend in 22/23. Mitigating Action None available at this time Void house strategy programme Spend on Void Properties to bring them up to letting standard
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WEST DUNBARTONSHIRE COUNCIL APPENDIX 4 HRA CAPITAL PROGRAMME ANALYSIS OF RED PROJECTS MONTH END DATE PERIOD 6 Budget Forecast Spend £000 £000 % £000 £000 % 30 September 2022 Budget Details Project Life Financials Spend to Date Variance TOTAL OF ALL PROJECTS Project Life Financials 131,888 4,754 4% 132,654 766 1% Current Year Financials 45,222 4,754 11% 18,172 (27,050) -60% Future New Build gap sites – Project spend now requires to be reprofiled. Ongoing work to acquire private and Council owned sites to finalise wider strategy . Expected that there will be spend of £0.500m this during 2022/23 so £2.246m will be reprofiled into 2023/24. Anticipated Outcome Project will still complete and will meet revised spend profiles . Bank Street - 20 units to be completed on the site. Project spend needs reprofiled due to wider strategic reasons and potential reprovisioning of sheltered accommodation which will require consultative exercise . Revised estimated start date July 2023, estimated completion January 2025. Project is currently at feasibility stage. Likely outturn for 22/23 for the Bank Street site is expected to be circa. £0.420m with £0.575m therefore required to be reprofiled to 23/24. Willox Park Phase1 - 17 units to be completed on site. Project spend now requires to be reprofiled . Pre planning discussions were more involved than anticipated and required some re designing which has resulted in delay to estimated start date from January 2023 to June 2023 with estimated completion May 2024. Demolition complete, and site investigation under way. Officers ready to submit to for full planning. Tender application expected to go out April 23. At this stage spend in the current year is expected to be £0.400m against budget of £2.390m resulting in reprofiling rquirement of £1.989m. Mount Pleasant - 25 units to be completed on site. Project spend now requires to be reprofiled. Unanticipated longer time frame for demolition (9 months) has delayed this project by 6 months, now estimating a March 2023 site start, although demolitions are planned for next month. £0.100m expected costs in 22/23, resulting in reprofiling requirement of £2.420m to 23/24. Bonhill Gap Site - 32 units to be completed on site. Estimated start date July 2023 and estimated completion September 2024. The project is currently at design stage with spend of £0.420m expected in 22/23 . No reprofilng required . Mitigating Action Staff will work closely with all stakeholders to try and ensure timely resolutions of issues as they arise. Pappert - 27 units to be completed on site . Projects spend now requires to be reprofiled. The anticipated site start of October 2022 will not be realised due to a number of factors that have caused the project to miss a number of milestones, notably a longer than anticipated procurement process and the subsequent delay in developing a contract/tender preparation forced us to miss a pricing window from the contractor, we anticipate a new cost price in November with a site start of March 23. It is expected £0.500m will be paid out in 2022/23 withthe remaining £4.481m to be reprofiled into 2023/24
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APPENDIX 5 WEST DUNBARTONSHIRE COUNCIL HRA CAPITAL PROGRAMME ANALYSIS OF GREEN PROJECTS MONTH END DATE PERIOD 6 Budget Forecast Spend £000 £000 % £000 £000 % 1 Project Life Financials 2,487 253 10% 2,487 0 0% Current Year Financials 474 253 53% 474 0 0% Project Description Project Lifecycle 31-Mar-27 31-Mar-27 2 Project Life Financials 2,266 406 18% 2,266 0 0% Current Year Financials 431 406 94% 431 0 0% Project Description Project Lifecycle 31-Mar-27 31-Mar-27 3 Project Life Financials 1,557 28 2% 1,557 0 0% Current Year Financials 664 28 4% 664 0 0% Project Description Project Lifecycle 31-Mar-27 31-Mar-27 4 Project Life Financials 271 0 0% 271 0 0% Current Year Financials 185 0 0% 185 0 0% Project Description Project Lifecycle 31-Mar-27 31-Mar-27 Anticipated Outcome Full budget spend Planned End Date Forecast End Date Main Issues / Reason for Variance No issues. Development of QL system to carry on through 22/23. Mitigating Action None required Mitigating Action None required Anticipated Outcome Full budget spend QL Development This budget relates to the costs associated with the development of the Integrated Housing Management System Better Homes Priority Budget Priority projects as prioritised by the Better Homes Group Planned End Date Forecast End Date Main Issues / Reason for Variance A number of priority initiatives, supported by the Better Homes Project Board, are being investigated and are envisaged to have a positive impact on the current council housing stock and budget, with works expected to progress in 22/23. Main Issues / Reason for Variance No Issues, anticipated to meet full spend and targets. Mitigating Action None required Anticipated Outcome Full budget spend Capitalised minor works Gypsy/ Traveller Site improvements Planned End Date Forecast End Date Adaptations to Housing for Special Needs Planned End Date Forecast End Date Main Issues / Reason for Variance No Issues, anticipated to meet full spend and targets. Possibility of overspend due to price increases and demand levels rising. Mitigating Action 30 September 2022 Budget Details Project Life Financials Spend to Date Variance Special needs adaptations None required at this time Anticipated Outcome Full budget spend, possibility of overspend.
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WEST DUNBARTONSHIRE COUNCIL HRA CAPITAL PROGRAMME ANALYSIS OF GREEN PROJECTS MONTH END DATE PERIOD 6 Budget Forecast Spend £000 £000 % £000 £000 % 30 September 2022 Budget Details Project Life Financials Spend to Date Variance 5 Project Life Financials 170 0 0% 170 0 0% Current Year Financials 40 0 0% 40 0 0% Project Description Project Lifecycle 31-Mar-27 31-Mar-27 6 Project Life Financials 17 0 0% 17 0 0% Current Year Financials 17 0 0% 17 0 0% Project Description Project Lifecycle 31-Mar-27 31-Mar-27 7 Project Life Financials 36 0 0% 36 0 0% Current Year Financials 36 0 0% 36 0 0% Project Description Project Lifecycle 31-Mar-27 31-Mar-27 8 Project Life Financials 192 0 0% 192 0 0% Current Year Financials 192 0 0% 192 0 0% Project Description Project Lifecycle 31-Mar-23 31-Mar-23 Main Issues / Reason for Variance Awaiting receipt of the airport scheme outline from Glasgow Airport before works can planned. Project expected to make progression in 22/23. Mitigating Action None required Anticipated Outcome Full budget spend Anticipated Outcome Full budget spend Airport Noise Noise Insulation Project Planned End Date Forecast End Date Planned End Date Forecast End Date Main Issues / Reason for Variance 5 redeployable cameras to be purchased as planned. No issues anticipated. Mitigating Action None required Mitigating Action None required Anticipated Outcome Full budget spend Redployable CCTV Cameras Purchase of 5 redeployable CCTV cameras for Housing use Community Safety Projects Community Safety Projects Planned End Date Forecast End Date Main Issues / Reason for Variance No Issues, anticipated to meet full spend and targets. Main Issues / Reason for Variance No Issues, anticipated to meet full spend and targets. Mitigating Action None required Anticipated Outcome Full budget spend Gypsy Travellers Site Gypsy/ Traveller Site improvements Planned End Date Forecast End Date
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WEST DUNBARTONSHIRE COUNCIL HRA CAPITAL PROGRAMME ANALYSIS OF GREEN PROJECTS MONTH END DATE PERIOD 6 Budget Forecast Spend £000 £000 % £000 £000 % 30 September 2022 Budget Details Project Life Financials Spend to Date Variance 9 Project Life Financials 19,841 0 0% 19,841 0 0% Current Year Financials 4,455 0 0% 4,455 0 0% Project Description Project Lifecycle 31-Mar-27 31-Mar-27 10 Project Life Financials 17,607 3,646 21% 17,607 0 0% Current Year Financials 4,955 3,646 74% 4,955 0 0% Project Description Project Lifecycle 31-Mar-27 31-Mar-27 11 Project Life Financials 257 22 9% 257 0 0% Current Year Financials 75 22 30% 75 0 0% Project Description Project Lifecycle 31-Mar-27 31-Mar-27 Mitigating Action None required Anticipated Outcome Full budget spend External stores/garages/bin stores/drainage component renewals This budget is to focus on external stores/garages/bin stores etc. component renewals as identified and recommended from the housing stock condition survey. Planned End Date Forecast End Date Main Issues / Reason for Variance No Issues, anticipated to meet full spend and targets. Anticipated Outcome Full budget spend Planned End Date Forecast End Date Main Issues / Reason for Variance Currently behind monthly targets, however tentatively anticipated to meet full spend and targets. Current tiled roof progress is behind cumulative monthly targets but overall output is anticipated to increase with the new metal and flat roof framework contract coming on board contributing to a wider range of roof types being completed. Mitigating Action None required Mitigating Action None required Anticipated Outcome Full budget spend Roof Coverings Building external component renewals, roofs/chimneys/flashings/fascias/gutters/svp Targeted SHQS /EESSH compliance works This budget is to focus on work required to maintain the SHQS compliance and energy efficiency with WDC housing stock. Planned End Date Forecast End Date Main Issues / Reason for Variance No Issues, anticipated to meet full spend and targets. Current progress is slightly behind cumulative monthly targets, work is progressing and additional resources will be coming on board shortly with new framework contractor.
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WEST DUNBARTONSHIRE COUNCIL HRA CAPITAL PROGRAMME ANALYSIS OF GREEN PROJECTS MONTH END DATE PERIOD 6 Budget Forecast Spend £000 £000 % £000 £000 % 30 September 2022 Budget Details Project Life Financials Spend to Date Variance 12 Project Life Financials 273 50 18% 273 0 0% Current Year Financials 91 50 55% 91 0 0% Project Description Project Lifecycle 31-Mar-27 31-Mar-27 13 Project Life Financials 280 0 0% 280 0 0% Current Year Financials 54 0 0% 54 0 0% Project Description Project Lifecycle 31-Mar-27 31-Mar-27 14 Project Life Financials 5,293 325 6% 5,293 0 0% Current Year Financials 1,036 325 31% 1,036 0 0% Project Description Project Lifecycle 31-Mar-27 31-Mar-27 15 Project Life Financials 103 0 0% 103 0 0% Current Year Financials 103 0 0% 103 0 0% Project Description Project Lifecycle 31-Mar-27 31-Mar-27 Mitigating Action None required Anticipated Outcome Full budget spend Improvement works (Risk St) Risk Street Over clad Planned End Date Forecast End Date Main Issues / Reason for Variance No Issues, anticipated to meet full spend and targets. Main Issues / Reason for Variance No Issues, anticipated to meet full spend and targets. Mitigating Action None required Anticipated Outcome Full budget spend Anticipated Outcome Full budget spend Modern facilities and services New Kitchens, Bathrooms and Showers Planned End Date Forecast End Date Planned End Date Forecast End Date Main Issues / Reason for Variance No Issues, anticipated to meet full spend and targets. Mitigating Action None required Energy improvements/energy efficiency works Energy improvements/ efficiency works (e.g. loft insulation, pipe/tank insulation, draught exclusion) Anticipated Outcome Anticipated not to meet full spend despite best efforts. Planned End Date Forecast End Date Main Issues / Reason for Variance This programme always presents challenges with owner liaison and reaching agreements to install door entry where none exists, this contributes directly to achieving SHQS compliance for this element and reducing abeyances. The budget reflects the demand and number of installs required but it is acknowledged that full uptake is unlikely. Mitigating Action Officers continue to liaise with owners to encourage agreement for install. Secure entry component renewals This budget is to focus on secure door entry component renewals as identified and recommended from the housing stock condition survey and appropriate council officer referrals.
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WEST DUNBARTONSHIRE COUNCIL HRA CAPITAL PROGRAMME ANALYSIS OF GREEN PROJECTS MONTH END DATE PERIOD 6 Budget Forecast Spend £000 £000 % £000 £000 % 30 September 2022 Budget Details Project Life Financials Spend to Date Variance 16 Project Life Financials 581 0 0% 400 (181) -31% Current Year Financials 181 0 0% 0 (181) -100% Project Description Project Lifecycle 31-Mar-27 31-Mar-27 17 Project Life Financials 3,637 184 5% 3,637 0 0% Current Year Financials 887 184 21% 887 0 0% Project Description Project Lifecycle 31-Mar-27 31-Mar-27 18 Project Life Financials 5,092 717 14% 5,092 0 0% Current Year Financials 969 717 74% 969 0 0% Project Description Project Lifecycle 31-Mar-27 31-Mar-27 19 Project Life Financials 1,135 63 6% 1,135 0 0% Current Year Financials 215 63 29% 215 0 0% Project Description Project Lifecycle 31-Mar-27 31-Mar-27 Main Issues / Reason for Variance No Issues, anticipated to meet full spend and targets. Mitigating Action None required Anticipated Outcome Full budget spend Anticipated Outcome Full budget spend Asbestos management works This budget is to fund work associated with the management of current asbestos legislation and Planned End Date Forecast End Date Planned End Date Forecast End Date Main Issues / Reason for Variance No Issues, anticipated to meet full spend and targets. Mitigating Action None required Mitigating Action None required Anticipated Outcome Full budget spend Environmental renewal works, paths/fences/walls/parking area's Environmental renewal works, paths/fences/walls/parking areas Defective structures/component renewals Defective structures Planned End Date Forecast End Date Main Issues / Reason for Variance No Issues, anticipated to meet full spend and targets. Main Issues / Reason for Variance No Issues, contingent budget for unplanned spend Mitigating Action none at this time Anticipated Outcome Spend as required Contingencies This is a contingent budget for unforeseen matters which may arise during the year. Planned End Date Forecast End Date
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WEST DUNBARTONSHIRE COUNCIL HRA CAPITAL PROGRAMME ANALYSIS OF GREEN PROJECTS MONTH END DATE PERIOD 6 Budget Forecast Spend £000 £000 % £000 £000 % 30 September 2022 Budget Details Project Life Financials Spend to Date Variance 20 Project Life Financials 2,378 0 0% 2,378 0 0% Current Year Financials 800 0 0% 800 0 0% Project Description Project Lifecycle 31-Mar-27 31-Mar-27 21 Project Life Financials 7,729 321 4% 7,729 0 0% Current Year Financials 2,019 321 16% 2,019 0 0% Project Description Project Lifecycle 31-Mar-27 31-Mar-27 22 Project Life Financials 13,031 835 6% 13,031 0 0% Current Year Financials 2,504 835 33% 2,504 0 0% Project Description Project Lifecycle 31-Mar-27 31-Mar-27 TOTAL OF ALL PROJECTS Project Life Financials 84,232 6,850 8% 84,051 (181) 0% Current Year Financials 20,382 6,850 34% 20,201 (181) -1% Main Issues / Reason for Variance No Issues, budget for salaries and support Mitigating Action None required Anticipated Outcome Full budget spend Salaries/central support/offices Allocation of costs from other WDC services who support the HRA capital programme Planned End Date Forecast End Date Anticipated Outcome Budget spend anticipated, should criteria be met. Planned End Date Forecast End Date Main Issues / Reason for Variance The main objective of the Buy Back Scheme is to bring former council properties that were sold through the RTB scheme, back into council use. These properties must assist the council with reducing housing need on the waiting list and where appropriate assist with external capital works. For these reasons, any purchase is subject to stringent criteria to ensure accountability and value for money for existing tenants. Spend in 22/23 will therefore be dependent on these factors. So far this year, 8 homes have been purchased, with a further 4 under offer. The target is to deliver an additional 20 homes each year through the buyback scheme. Mitigating Action None required. Mitigating Action None required Anticipated Outcome Full budget spend Buy Backs This is a budget to undertake specific projects that will deliver housing policies/strategies, example: Ex local authority and mortgage to rent buy-back scheme Multi Story Flats ( including Fire Risk Assessment Works) High Rise Fire Safety Measures Planned End Date Forecast End Date Main Issues / Reason for Variance No Issues, anticipated to meet spend and revised targets.
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APPENDIX 6 WEST DUNBARTONSHIRE COUNCIL HRA CAPITAL PROGRAMME ANALYSIS OF RESOURCES MONTH END DATE PERIOD 6 Budget Forecast Spend £000 £000 % £000 £000 % 1 Project Life Financials (48,826) 0 0% (48,826) 0 0% Current Year Financials (30,006) 0 0% (10,480) 19,526 -65% Project Description Project Lifecycle 31-Mar-27 31-Mar-27 2 Project Life Financials (42,531) 0 0% (41,168) 1,363 -3% Current Year Financials (9,215) 0 0% (7,852) 1,363 -15% Project Description Project Lifecycle 31-Mar-27 31-Mar-27 3 Project Life Financials (123,078) (11,550) 9% (123,078) 0 0% Current Year Financials (26,286) (11,550) 44% (19,945) 6,341 -24% Project Description Project Lifecycle 31-Mar-27 31-Mar-27 Prudential borrowing is impacted by programme delivery therefore due to reprofiling, the requirement in 2022/23 will be less. Mitigating Action None available at this time. Anticipated Outcome While prudential borrowing requirement is likely to be less than budgeted in the current financial year this is anticipated to catch up over the programme life. Prudential Borrowing Prudential borrowing is long term borrowing from financial institutions that has been approved for the purposes of funding capital expenditure Planned End Date Forecast End Date Main Issues / Reason for Variance Income from Revenue reduced to offset adverse varainces in HRA revenue Mitigating Action Non required Anticipated Outcome Reduced CFCR CFCR This is capital spend which is funded by revenue budgets Planned End Date Forecast End Date Main Issues / Reason for Variance Main Issues / Reason for Variance 30 September 2022 Budget Details Project Life Financials Spend to Date Variance New Build Grant Grant to facilitate new build housing Planned End Date Forecast End Date Due to spend being later than anticiapted , receipt of grant will also be later than budgeted. Mitigating Action Income budget wil be reprofiled to match reprofiled spend Anticipated Outcome Income will be received in 2023/24
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WEST DUNBARTONSHIRE COUNCIL HRA CAPITAL PROGRAMME ANALYSIS OF RESOURCES MONTH END DATE PERIOD 6 Budget Forecast Spend £000 £000 % £000 £000 % 30 September 2022 Budget Details Project Life Financials Spend to Date Variance New Build Grant 4 Project Life Financials (96) (54) 56% (96) 0 0% Current Year Financials (96) (54) 56% (96) 0 0% Project Description Project Lifecycle 31-Mar-27 31-Mar-27 TOTAL RESOURCES Project Life Financials (214,531) (11,604) 5% (213,168) (1,363) 1% Current Year Financials (65,604) (11,604) 18% (38,373) (27,230) 42% No variance Mitigating Action Non required Anticipated Outcome Income will be received Other Capital Income Other Income to capital Planned End Date Forecast End Date Main Issues / Reason for Variance