Item 14 - Period 10 Capital Report
West Dunbartonshire Council · 21 May 2025
Back to Infrastructure, Regeneration & Economic Development Committee — 21 May 2025 and its agenda
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WEST DUNBARTONSHIRE COUNCIL Report by the Chief Officer – Resources Infrastructure, Regeneration & Economic Development Committee: 21 May 2025 _________________________________________________________________ Subject: Infrastructure, Regeneration & Economic Development Capital Budgetary Control Report 2024/25 31 January (Period 10). 1. Purpose 1.1 This report provides an update on the capital financial performance to 31 January 2025 of those services under the auspices of the Infrastructure, Regeneration & Economic Development Committee (IRED). 2. Recommendations 2.1 Committee is asked to: i) Note the current position of the 2024/25 IRED capital budget. ii) Note the additional capital budget of £0.333m in respect of Posties Park, as agreed at Council 5 March 2025 and £2.617m for Exxon City deal both agreed at Council on 30 October 2024. iii) Note the revised completion date in respect of Allotment Developments detailed in appendix 2. iv) Note the reprofiling of various projects at appendix 3 as reported to Council on 5 March 2025. v) Note 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 IRED Committee was £51.612m for 2024/25 and £215.153m 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 6 February 2025. Exhibit 1: Revised Capital Budget as at 31 January 2025. 2024/25 (£m) Project Life (£m) Capital Budget Agreed 6 March 2024 51.612 215.153 Updates Reported to Committee 14 August, 6 November and 6 February 2025. 1.437 3.907 ITEM 14
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Reprofiling Reported to Committee 14 August, 6 November. (14.361) 0 Revised Budget at Period 7 38.688 219.06 Reprofiling reported at period 7 (4.680) 0 Reduction in budgets reported at period 7 (0.300) (0.300) New funding reported at period 7 0.562 0.562 Additional Budget approved for Posties Park at period 7 0.133 0.133 New Approved Budget at Period 7 34.403 219.455 4.2 Progress against the 2024/25 capital plan is detailed in: Appendix 1 – Project Life Summary by Chief Officer Appendix 2 – Off Track Projects Appendix 3 – Changes to Capital Plan for Noting Appendix 4 – All Approved Projects 4.3 The overall programme summary report at Appendix 1 shows that planned expenditure against the budget is currently on track. 4.4 Appendix 2 highlights that: • Project RN21 (Overburn Allotment Development) is off track due to a revised completion date as the project design work has been fully developed with the revised cost estimates indicating that a further £0.150m will be required to deliver project. This means there is insufficient budget to deliver the project, so it has not been possible to go out to tender. The Council is not being asked to approve further capital money at the current time as officers will first explore alternative funding options. If alternative funding is not identified, then Committee and Council will be provided with an updated position, and a decision will be required on a funding request or on the deliverability of the project. • Project RN17 (Posties Park) - Additional funding of £0.333m is required for Posties Park due to a review of financial forecasting. This includes future spend, contractor retentions, and ongoing running costs for utilities. The increases budget is required to ensure project completion and long-term sustainability of the project. This has already been approved by Council and therefore further approval is not required. • Project RN31 (Exxon City Deal) – Additional funding of £2.617m is required for the Exxon City Deal project. This is split between £1.817m from City Deal funding and £0.800m additional budget as approved at Council on 30 October 2024. The additional costs are due to the increase in construction costs which then prompted a scope review to be undertaken which identified full additional budget requirement to ensure the project is able to go to completion. This has already been approved by Council and therefore further approval is not required. 4.5 Appendix 3 highlights 13 projects where the project expenditure requires to be reprofiled but there is no need for approval of additional budget. There is also 1 project; Posties Park which requires reprofiling and additional budget.
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However, this has already been approved. See paragraph 4.4 for additional information. It also highlights 5 projects in the capital programme where additional funding has been made available from Scottish Government (see exhibit 2). 4.6 The following projects are now complete with 2 showing an overspend and 2 have completed under budget: • RR14 – Securing Sites • RN20 – Vale of Leven Cemetery • RN25 – Whitecrook Tennis Court Upgrade • RN30 – Kilmaronock Cemetery Extension 4.7 The following project is utilising a deferred grant and therefore no approval is required: • RR8 – Place Based Investment Programme. 4.8 Appendix 4 shows all projects with approved in year and project life budgets as well anticipated expenditure. It highlights that the 2024/25 budget is £28.783m. Spend as at period 10 is £15.859m (55.10%) of the current forecast spend of £28.783m 4.9 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 £m £m 2024/25 (£m) Project Life (£m) Revised Capital Budget aat 31 January 2025 34.403 219.455 Updates agreed as part of Capital Plan 5 March 2025 (see appendix 2). 2.333 2.986 Reprofiling of Projects reported to Council 5 March 2025 (8.144) 0 New Funding – RN23 - Play Are Upgrade Programme. 0 0.508 New Funding – RN32 - Cycling, Walking and Safer Streets. 0 0.387 New Funding – RN35 - 20mph speed limits. 0.105 0.105 New Funding – RN34 - Park and Ride. 0.023 0.023 New Project Agreed Council 26 March 2025 – RN36 - School 20mph speed limits. 0 0.075 Place Based Investment Programme additional drawn down. 0 0.100 Overspend – RR14 – Securing Sites 0.059 0.059 Overspend – RN20 – Vale of Leven Cemetery 0.026 0.026 Underspend – RN25 – Whitecrook Tennis Court (0.014) (0.014) Underspend – RN30 – Kilmaronock Cemetery (0.008) (0.008) Revised Capital Budget Period 10 28.783 223.702
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5. Option Appraisal 5.1 No option appraisal was required for this report. 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: 16 April 2025 Person to Contact: Jackie Thomson Council Offices, Church Street, Dumbarton E-mail: jackie.nicolthomson@west-dunbarton.gov.uk
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Appendices: Appendix 1 - Project Life Summary Appendix 2- Off Track Projects Appendix 3 - Reprofiling and Acceleration of Projects Appendix 4 - Details of all Projects. Background Papers: General Services Capital Plan Update - Council 6 March 2024. Capital Budgetary Control Report (P3) – Committee 14 August 2024 Capital Budgetary Control Report (P5) – Committee 6 November 2024 Capital Budgetary Control Report (P7) – Committee 6 February 2025 Wards Affected All Wards