Item 10 Appendix 5 - HRA Budgetary Control Report to 31 March 2024 - Capital
West Dunbartonshire Council · 28 August 2024
Back to West Dunbartonshire Council — 28 August 2024 and its agenda
Text extracted from the council's PDF. Layout and reading order may differ from the original.
Page 1
APPENDIX 5 WEST DUNBARTONSHIRE COUNCIL HRA CAPITAL PROGRAMME OVERALL PROGRAMME SUMMARY MONTH END DATE PERIOD 12 Spend to Date Spend to Date £000 £000 Red 28 90.3% 56,127 99.9% 28 90.3% 56,127 99.9% Green 3 9.7% 36 0.1% 3 9.7% 36 0.1% 31 100% 56,163 100% 31 100% 56,163 100% Budget Spend to Date Forecast Spend Forecast Variance Budget Spend to Date Actual Spend Actual Variance Reprofiled Over/ (Under) £000 £000 £000 £000 £000 £000 £000 £000 £000 £000 359,792 56,127 295,303 (64,489) 124,709 56,127 56,127 (68,583) (5,491) (63,091) 6,936 36 6,336 (600) 136 36 36 (101) 0 (101) 366,729 56,163 301,639 (65,088) 124,846 56,163 56,163 (68,683) (5,491) (63,192) 366,729 56,163 301,639 65,088 124,846 56,163 56,163 68,683 0 0 0 0 0 0 0 0 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 31 March 2024 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 Green Project Status Analysis Project Life Financials Current Year Financials Red TOTAL RESOURCES NET EXPENDITURE Projects are forecast to be overspent and/or significant delay to completion 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
Page 2
WEST DUNBARTONSHIRE COUNCIL APPENDIX 5 HRA CAPITAL PROGRAMME ANALYSIS OF RED PROJECTS MONTH END DATE PERIOD 12 Budget Forecast/ Actual Spend £000 £000 % £000 £000 % 1 Project Life Financials 3,216 642 20% 3,258 42 1% Current Year Financials 600 642 107% 642 42 7% Project Description Project Lifecycle 31-Mar-28 31-Mar-28 2 Project Life Financials 2,814 3,102 110% 5,391 2,577 92% Current Year Financials 525 3,102 591% 3,102 2,577 491% Project Description Project Lifecycle 31-Mar-28 31-Mar-28 3 Project Life Financials 1,493 56 4% 1,493 0 0% Current Year Financials 529 56 11% 56 (473) -89% Project Description Project Lifecycle 31-Mar-28 31-Mar-28 4 Project Life Financials 10,000 103 1% 10,000 0 0% Current Year Financials 2,000 103 5% 103 (1,897) -95% Project Description Project Lifecycle 31-Mar-28 31-Mar-28 Mitigating Action None required Anticipated Outcome Full budget spend Environmental Sensors Programme Environmental sensors programme, funded by enhanced housing investment programme. Planned End Date Forecast End Date Main Issues / Reason for Variance Project introduced as part of the enhanced capital programme, with aim to install an environmental sensor in every Council owned property. Installation of sensors has commenced, albeit later than originally anticipated. Remaining current year budget to be rephased to 24/25 for continuation of project. Mitigating Action None required Anticipated Outcome Full budget spend 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. Due to time taken to progress projects, unspent budget is required to be reprofiled to 24/25. Main Issues / Reason for Variance Budget is overspent due to costs and demand for budget being higher than anticipated at time of budget setting. Mitigating Action None available at this time. Anticipated Outcome Project to complete over budget. 31 March 2024 Budget Details Project Life Financials Spend to Date Variance Special needs adaptations None available at this time Anticipated Outcome Full budget spend Capitalised minor works This is a budget to undertake specific minor ad hoc capital projects that arise on demand throughout the financial year. Planned End Date Forecast End Date Adaptations to Housing for Special Needs Planned End Date Forecast End Date Main Issues / Reason for Variance Overspend incurred in 2023/24 due to price increases and demand levels rising. Mitigating Action Better Homes Priority Budget Priority projects as prioritised by the Better Homes Group
Page 3
WEST DUNBARTONSHIRE COUNCIL APPENDIX 5 HRA CAPITAL PROGRAMME ANALYSIS OF RED PROJECTS MONTH END DATE PERIOD 12 Budget Forecast/ Actual Spend £000 £000 % £000 £000 % 31 March 2024 Budget Details Project Life Financials Spend to Date Variance 5 Project Life Financials 750 0 0% 750 0 0% Current Year Financials 250 0 0% 0 (250) -100% Project Description Project Lifecycle 31-Mar-28 31-Mar-25 6 Project Life Financials 203 10 5% 98 (106) -52% Current Year Financials 116 10 9% 10 (106) -91% Project Description Project Lifecycle 31-Mar-28 31-Mar-28 7 Project Life Financials 209 0 0% 138 (71) -34% Current Year Financials 71 0 1% 0 (71) -99% Project Description Project Lifecycle 31-Mar-28 31-Mar-28 8 Project Life Financials 17 0 0% 17 0 0% Current Year Financials 17 0 0% 0 (17) -100% Project Description Project Lifecycle 31-Mar-28 31-Mar-28 Planned End Date Forecast End Date Main Issues / Reason for Variance Works to progress as part of enhanced capital programme for 23/24 and to be led by Council CCTV team. Due to survey and planning time, works are commencing later than anticipated, with unspent budget required to be rephased to 24/25 for project progression. Mitigating Action None required Anticipated Outcome Full budget spend Mitigating Action None required Anticipated Outcome Full budget spend Community Safety Projects Community Safety Projects Planned End Date Forecast End Date Main Issues / Reason for Variance Budget required to be rephased to 24/25 Main Issues / Reason for Variance Programme being progressed with revised budget in 24/25 capital plan. Mitigating Action None available Anticipated Outcome Works to prgress in 24/25 Anticipated Outcome Full budget spend Gypsy Travellers Site Gypsy/ Traveller Site improvements Planned End Date Forecast End Date Planned End Date Forecast End Date Main Issues / Reason for Variance Development of QL system to carry on through 24/25. Salaries of staff directly involved with development of system to be coded to direct project support. Mitigating Action None required QL Development This budget relates to the costs associated with the development of the Integrated Housing Management System Housing CCTV Installation Programme CCTV Installation Programme, funded by enhanced housing investment programme
Page 4
WEST DUNBARTONSHIRE COUNCIL APPENDIX 5 HRA CAPITAL PROGRAMME ANALYSIS OF RED PROJECTS MONTH END DATE PERIOD 12 Budget Forecast/ Actual Spend £000 £000 % £000 £000 % 31 March 2024 Budget Details Project Life Financials Spend to Date Variance 9 Project Life Financials 96 0 0% 96 0 0% Current Year Financials 96 0 0% 0 (96) -100% Project Description Project Lifecycle 31-Mar-28 31-Mar-28 10 Project Life Financials 32,986 5,125 16% 32,986 0 0% Current Year Financials 6,146 5,125 83% 5,125 (1,021) -17% Project Description Project Lifecycle 31-Mar-28 31-Mar-28 11 Project Life Financials 19,286 3,404 18% 15,713 (3,573) -19% Current Year Financials 5,679 3,404 60% 3,404 (2,275) -40% Project Description Project Lifecycle 31-Mar-28 31-Mar-28 Anticipated Outcome Scheduled works to complete under current year budget. Planned End Date Forecast End Date Main Issues / Reason for Variance Works expected to meet revised timescales which will be less than current year budget and therefore project will report an in year underspend. Mitigating Action None required Mitigating Action None available at this time Anticipated Outcome Full budget spend over project life 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 Works progressing well, however unspent budget to be rephased to 24/25. Main Issues / Reason for Variance West Dunbartonshire Council are no longer eligible for match funding from Glasgow Airport Association, following assessment of properties within West Dunbartonshire. West Dunbartonshire is not deemed to have any commercial or residential properties that fall within the scope of the scheme to be eligible for match funding, and budget therefore has been reduced from £0.192m to £0.096m. The remaining budget will be used to develop a programme of works following engagement with an aircraft noise consultant, who will work with Officers to make adaptations to previously identified properties. The budget will be reprofiled as required. Mitigating Action None required Anticipated Outcome Full budget spend in future year Airport Noise Noise Insulation Project Planned End Date Forecast End Date
Page 5
WEST DUNBARTONSHIRE COUNCIL APPENDIX 5 HRA CAPITAL PROGRAMME ANALYSIS OF RED PROJECTS MONTH END DATE PERIOD 12 Budget Forecast/ Actual Spend £000 £000 % £000 £000 % 31 March 2024 Budget Details Project Life Financials Spend to Date Variance 12 Project Life Financials 17,937 4,417 25% 17,937 0 0% Current Year Financials 4,547 4,417 97% 4,417 (130) -3% Project Description Project Lifecycle 31-Mar-28 31-Mar-28 13 Project Life Financials 242 78 32% 275 32 13% Current Year Financials 45 78 171% 78 32 71% Project Description Project Lifecycle 31-Mar-28 31-Mar-28 14 Project Life Financials 242 22 9% 219 (24) -10% Current Year Financials 45 22 48% 22 (24) -52% Project Description Project Lifecycle 31-Mar-28 31-Mar-28 15 Project Life Financials 606 41 7% 534 (72) -12% Current Year Financials 113 41 37% 41 (72) -63% Project Description Project Lifecycle 31-Mar-28 31-Mar-28 Mitigating Action None required Anticipated Outcome Works complete as required 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 23/24 demand for budget less than anticipated at time of budget setting therefore there has been an underspend in the current year. 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. As a result an in year underspend has been achieved. Mitigating Action Officers continue to liaise with owners to encourage agreement for install. Anticipated Outcome It is likely that this will not to meet full spend in the current year despite best efforts but officers will endeavour to gain owners agreement. Anticipated Outcome Full budget spend 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. Planned End Date Forecast End Date Planned End Date Forecast End Date Main Issues / Reason for Variance Demand for budget higher than anticipated at time of budget setting, with overspend in 23/24. Mitigating Action None required 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. Main Issues / Reason for Variance Project is progressing well in 23/24, however element of unspent budget required to be rephased to 24/25. Mitigating Action None required at this time Anticipated Outcome Full budget spend Doors/window component renewals Doors/Windows Component Renewals Planned End Date Forecast End Date
Page 6
WEST DUNBARTONSHIRE COUNCIL APPENDIX 5 HRA CAPITAL PROGRAMME ANALYSIS OF RED PROJECTS MONTH END DATE PERIOD 12 Budget Forecast/ Actual Spend £000 £000 % £000 £000 % 31 March 2024 Budget Details Project Life Financials Spend to Date Variance 16 Project Life Financials 9,872 2,248 23% 10,280 408 4% Current Year Financials 1,840 2,248 122% 2,248 408 22% Project Description Project Lifecycle 31-Mar-28 31-Mar-28 17 Project Life Financials 303 7 2% 254 (49) -16% Current Year Financials 57 7 13% 7 (49) -87% Project Description Project Lifecycle 31-Mar-28 31-Mar-28 18 Project Life Financials 17,775 3,333 19% 17,873 98 1% Current Year Financials 3,235 3,333 103% 3,333 98 3% Project Description Project Lifecycle 31-Mar-28 31-Mar-28 19 Project Life Financials 103 0 0% 0 (103) -100% Current Year Financials 103 0 0% 0 (103) -100% Project Description Project Lifecycle 31-Mar-28 31-Mar-28 Anticipated Outcome In year underspend Planned End Date Forecast End Date Main Issues / Reason for Variance Budget not utilised in 23/24 Mitigating Action None required Mitigating Action Officers will work to minimise any overspend whilst being mindful of tenant demand. Anticipated Outcome Full budget spend, possibility of overspend. Improvement works (Risk St) Risk Street Over clad Modern facilities and services New Kitchens, Bathrooms and Showers Planned End Date Forecast End Date Main Issues / Reason for Variance Pace of installations were ahead of targets. Budget therefore has overspent in 23/24. Main Issues / Reason for Variance 23/24 demand for budget less than anticipated at time of budget setting. Current year underspend to be carried forward to future years. Mitigating Action None required Anticipated Outcome Works complete as required Anticipated Outcome Full budget spend, likely overspend. Energy improvements/energy efficiency works Energy improvements/ efficiency works (e.g. loft insulation, pipe/tank insulation, draught exclusion) Planned End Date Forecast End Date Planned End Date Forecast End Date Main Issues / Reason for Variance Demand has exceeded expectations. Due to the nature of this project (ensuring heating and hot water availbility) there is no option for a conscious reduction of installs. Project has therefore overspent in 23/24. Mitigating Action Whilst demand is leading spend, officers will work to minimise any budget 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.
Page 7
WEST DUNBARTONSHIRE COUNCIL APPENDIX 5 HRA CAPITAL PROGRAMME ANALYSIS OF RED PROJECTS MONTH END DATE PERIOD 12 Budget Forecast/ Actual Spend £000 £000 % £000 £000 % 31 March 2024 Budget Details Project Life Financials Spend to Date Variance 20 Project Life Financials 13,900 6,683 48% 17,584 3,683 26% Current Year Financials 3,000 6,683 223% 6,683 3,683 123% Project Description Project Lifecycle 31-Mar-28 31-Mar-28 21 Project Life Financials 3,835 490 13% 3,448 (387) -10% Current Year Financials 877 490 56% 490 (387) -44% Project Description Project Lifecycle 31-Mar-28 31-Mar-28 22 Project Life Financials 5,454 1,287 24% 5,723 269 5% Current Year Financials 1,017 1,287 126% 1,287 269 26% Project Description Project Lifecycle 31-Mar-28 31-Mar-28 23 Project Life Financials 1,212 102 8% 1,088 (124) -10% Current Year Financials 226 102 45% 102 (124) -55% Project Description Project Lifecycle 31-Mar-28 31-Mar-28 Mitigating Action None required Anticipated Outcome Spend as required Asbestos management works This budget is to fund work associated with the management of current asbestos legislation and the Council's asbestos policy within housing stock. Planned End Date Forecast End Date Main Issues / Reason for Variance Budget underspent in 23/24. Main Issues / Reason for Variance Work progressed well and ahead of spend targets, therefore budget has incurred an in year overspend. Mitigating Action None available at this time Anticipated Outcome Overspend incurred in current year Anticipated Outcome Spend as required Environmental renewal works, paths/fences/walls/parking area's Environmental renewal works, paths/fences/walls/parking areas Planned End Date Forecast End Date Planned End Date Forecast End Date Main Issues / Reason for Variance Works expected to meet revised timescales which will be less than current year budget and therefore project has an in year underspend. Mitigating Action None required Defective structures/component renewals Defective structures Main Issues / Reason for Variance Void works continued in 2023/24 to bring void properties up to a lettable standard. The high number of voids and costs associated has led to a higher than expected demand for this budget, resulting in an overspend in 2023/24. Mitigating Action None available at this time Anticipated Outcome Void properties to be brought up to lettable standard, budget to overspend. Void house strategy programme Spend on Void Properties to bring them up to letting standard Planned End Date Forecast End Date
Page 8
WEST DUNBARTONSHIRE COUNCIL APPENDIX 5 HRA CAPITAL PROGRAMME ANALYSIS OF RED PROJECTS MONTH END DATE PERIOD 12 Budget Forecast/ Actual Spend £000 £000 % £000 £000 % 31 March 2024 Budget Details Project Life Financials Spend to Date Variance 24 Project Life Financials 5,050 65 1% 5,050 0 0% Current Year Financials 1,300 65 5% 65 (1,235) -95% Project Description Project Lifecycle 31-Mar-28 31-Mar-28 25 Project Life Financials 21,073 4,065 19% 21,073 0 0% Current Year Financials 4,435 4,065 92% 4,065 (371) -8% Project Description Project Lifecycle 31-Mar-28 31-Mar-28 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. From 23/24, over 5 years, the buy back back scheme is benefiting from an additional £2m investment each year, included in this revised budget, totaling £10m over 5 years, to futher reduce the waiting list. £0.371m of the 23/24 budget remains and to be carried to 24/25. Mitigating Action None required. Anticipated Outcome Budget spend incurred, as criteria is met. 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 Planned End Date Forecast End Date Planned End Date Forecast End Date Main Issues / Reason for Variance Works taking longer to progress than anticipated. Budget required to be rephased to 24/25. Mitigating Action None required Multi Story Flats ( including Fire Risk Assessment Works) High Rise Fire Safety Measures
Page 9
WEST DUNBARTONSHIRE COUNCIL APPENDIX 5 HRA CAPITAL PROGRAMME ANALYSIS OF RED PROJECTS MONTH END DATE PERIOD 12 Budget Forecast/ Actual Spend £000 £000 % £000 £000 % 31 March 2024 Budget Details Project Life Financials Spend to Date Variance 26 Project Life Financials 177,132 17,961 10% 109,786 (67,346) -38% Current Year Financials 85,209 17,961 21% 17,961 (67,248) -79% Project Description Project Lifecycle 31-Mar-28 31-Mar-28 Variance to 23/24 Budget Site/ Spend £000 Overspend Underspend Reprofiling Haldane Primary School 77 77 0 0 Clydebank East (13,861) 0 (13,861) 0 Queens Quay Site B (99) 0 (99) 0 Queens Quay Site C (9,423) 0 (9,423) 0 Pappert (10,177) 0 (10,177) 0 Bank Street (3,570) 0 (3,570) 0 Clydebank Health Centre (4,668) 0 (4,668) 0 Willox Park Phase1 (5,402) 0 (5,402) 0 Mount Pleasant (8,479) 0 (8,479) 0 Silverton (2,557) 0 (2,557) 0 Gap sites (5,756) 0 (5,756) 0 Fees, Staffing Costs, contingency (3,333) 0 (3,333) 0 TOTAL OF ALL PROJECTS (67,248) 77 (67,325) 0 Affordable Supply Programme Affordable Housing Supply Programme Planned End Date Forecast End Date Main Issues / Reason for Variance The £67.248m variance is made up of £0.077m overspend, and underspend of £67.235m. Revised budgets profilied in 24/25 capital plan. Summary of reprofiled sites together with site specific updates as follows:- Variance Category
Page 10
WEST DUNBARTONSHIRE COUNCIL APPENDIX 5 HRA CAPITAL PROGRAMME ANALYSIS OF RED PROJECTS MONTH END DATE PERIOD 12 Budget Forecast/ Actual Spend £000 £000 % £000 £000 % 31 March 2024 Budget Details Project Life Financials Spend to Date Variance 27 Project Life Financials 0 184 #DIV/0! 184 184 #DIV/0! Current Year Financials 0 184 #DIV/0! 184 184 #DIV/0! Project Description Project Lifecycle 31-Mar-28 31-Mar-28 28 Project Life Financials 13,984 2,703 19% 14,058 73 1% Current Year Financials 2,629 2,703 103% 2,703 73 3% Project Description Project Lifecycle 31-Mar-28 31-Mar-28 TOTAL OF RED PROJECTS Project Life Financials 359,792 56,127 16% 295,303 (64,489) -18% Current Year Financials 124,709 56,127 45% 56,127 (68,583) -55% Demoliton related costs incurred as required Demolitions Costs associated with demolition of surplus stock Planned End Date Forecast End Date Main Issues / Reason for Variance Costs associated with demolition of old lock ups and stock surplus to requirements Mitigating Action None required Anticipated Outcome Mitigating Action Mount Pleasant -19 units to be completed on site by March 2025. Demolition now complete and contractor award appointment made in September. £0.250m estimated to be spent this financial year with remaining current year budget to be reprofiled to 2024/25 for site start in March 2024. Bonhill Gap Site - Spend reprofiled from 2023/24 to 2024/25 as design team procurement was delayed. Projected spend in 2023/24 was on design and statutory fees. Mitigating Action Staff will work closely with all stakeholders to try and ensure timely resolutions of issues as they arise. Anticipated Outcome Project will still complete and will meet revised spend profiles . Clydebank East - 88 units to be completed by March 2025. Project delivery reprofiled due to extensive groundworks. Project on site and programme adhering to amended delivery plan. Queens Quay Site B - 29 units completed on site in 2022/23. Project completed, retention figure included and associated costs in terms with road construction. Queens Quay Site C - 20 units to be completed on site, however no further progress due to land owner issue. At the time it is assumed approximately £2m will be spent on land purchase, but this will be reviewed in early 2024, with the remaining current year budget to be reprofiled in 2024/25. Pappert - 26 units to be completed on site by April 2025. Planning delay negated anticipated spend profile for 2023/24, however Planning approval received 20 September 2023 and site start in 2024 planned. Bank Street - 22 units to be completed on site. Spend reprofiled from 2023/24 to 2024/25 as design team procurement was delayed. Spend in 2023/24 consisted of design and statutory fees. Willox Park Phase1 - 17 units to be completed on site. Spend reprofiled from 2023/24 to 2024/25 as design team procurement was delayed. Projected spend in 2023/24 was on design and statutory fees. 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 Main Issues / Reason for Variance Budget utilised for salaries and support of the HRA capital programme. Haldane - Site complete, retention paid in 2023/24 Clydebank Health Centre - Physical site start will not be achieved until 2024/25.
Page 11
WEST DUNBARTONSHIRE COUNCIL APPENDIX 5 HRA CAPITAL PROGRAMME ANALYSIS OF GREEN PROJECTS MONTH END DATE PERIOD 12 Budget Forecast/ Actual Spend £000 £000 % £000 £000 % 1 Project Life Financials 36 36 99% 36 (1) -1% Current Year Financials 36 36 99% 36 (0) -1% Project Description Project Lifecycle 31-Mar-28 31-Mar-28 2 Project Life Financials 6,400 0 0% 6,400 0 0% Current Year Financials 0 0 #DIV/0! 0 0 #DIV/0! Project Description Project Lifecycle 31-Mar-27 31-Mar-27 3 Project Life Financials 500 0 0% (100) (600) -120% Current Year Financials 100 0 0% 0 (100) -100% Project Description Project Lifecycle 31-Mar-28 31-Mar-28 TOTAL OF RED PROJECTS Project Life Financials 6,936 36 1% 6,336 (601) -9% Current Year Financials 136 36 26% 36 (101) -74% 31 March 2024 Budget Details Project Life Financials Spend to Date Variance Mitigating Action None required Anticipated Outcome Full budget spend Redployable CCTV Cameras Purchase of 5 redeployable CCTV cameras for Housing use Planned End Date Forecast End Date Main Issues / Reason for Variance Works for this project complete in April 23/24. Main Issues / Reason for Variance Works expected to commence next financial year, therefore no Issues to report at this time. Project anticipated to meet full spend and targets. Mitigating Action None required Anticipated Outcome Full budget spend District Heating District Heating Connection to the Dalmuir and Littleholm multi storey flats Planned End Date Forecast End Date Contingencies This is a contingent budget for unforeseen matters which may arise during the year. Planned End Date Forecast End Date Main Issues / Reason for Variance Contingent budget held for unplanned spend. Not utilised in 23/24. Mitigating Action None required Anticipated Outcome Spend as required
Page 12
APPENDIX 5 WEST DUNBARTONSHIRE COUNCIL HRA CAPITAL PROGRAMME ANALYSIS OF RESOURCES MONTH END DATE PERIOD 12 Budget Forecast/ Actual Spend £000 £000 % £000 £000 % 1 Project Life Financials (46,875) (8,258) 18% (27,078) 19,797 -42% Current Year Financials (28,055) (8,258) 29% (8,258) 19,797 -71% Project Description Project Lifecycle 31-Mar-28 31-Mar-28 2 Project Life Financials (8,646) 0 0% (6,917) 1,729 -20% Current Year Financials (1,729) 0 0% 0 1,729 -100% Project Description Project Lifecycle 31-Mar-28 31-Mar-28 3 Project Life Financials (311,208) (44,920) 14% (264,660) 46,548 -15% Current Year Financials (95,062) (44,920) 47% (44,920) 50,142 -53% Project Description Project Lifecycle 31-Mar-28 31-Mar-28 4 Project Life Financials 0 (2,985) #DIV/0! (2,985) (2,985) #DIV/0! Current Year Financials 0 (2,985) #DIV/0! (2,985) (2,985) #DIV/0! Project Description Project Lifecycle 31-Mar-28 31-Mar-28 Main Issues / Reason for Variance 31 March 2024 Budget Details Project Life Financials Spend to Date Variance New Build Grant Grant to facilitate the building of new build housing Planned End Date Forecast End Date Mitigating Action Income received in line with spend incurred. Mitigating Action None required Anticipated Outcome Income due to be received CFCR This is capital spend which is funded by revenue budgets Planned End Date Forecast End Date Main Issues / Reason for Variance Contribution to Capital from Revenue not possible in 23/24 due to cost pressures in revenue. Prudential borrowing incurred as required None required Anticipated Outcome Income to Capital if possible 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 Prudential borrowing is impacted by programme delivery. Mitigating Action None available at this time. Anticipated Outcome Mitigating Action None available Anticipated Outcome Income will be received when due Other Capital Income Other Income to capital Planned End Date Forecast End Date Main Issues / Reason for Variance Grant from Scottish Government in relation to properties bought back into Council stock.
Page 13
WEST DUNBARTONSHIRE COUNCIL HRA CAPITAL PROGRAMME ANALYSIS OF RESOURCES MONTH END DATE PERIOD 12 Budget Forecast/ Actual Spend £000 £000 % £000 £000 % 31 March 2024 Budget Details Project Life Financials Spend to Date Variance New Build GrantTOTAL RESOURCES Project Life Financials (366,729) (56,163) 15% (301,639) 65,089 -18% Current Year Financials (124,846) (56,163) 45% (56,163) 68,683 -55%
Page 14
WEST DUNBARTONSHIRE COUNCIL APPENDIX 5 HRA CAPITAL PROGRAMME ANALYSIS OF AFFORDABLE HOUSING SUPPLY PROGRAMME MONTH END DATE PERIOD 12 Budget Spend to Date Forecast/ Actual Spend £000 £000 £000 £000 % RAG Status Haldane Primary School - 77 77 77 #DIV/0! Aitkenbar Primary School - - - - #DIV/0! Clydebank East 37,992 14,979 24,131 13,861- -36% Creveul Court - - - - #DIV/0! Dumbarton Harbour Ph 3 - - - - #DIV/0! Queens Quay Site B 660 562 562 99- -15% Queens Quay Site C 25,175 3 15,753 9,423- -37% Pappert 13,276 517 3,100 10,177- -77% Bank Street 5,751 13 2,181 3,570- -62% Clydebank Health Centre 11,016 690 6,348 4,668- -42% Willox Park Phase1 6,185 120 783 5,402- -87% Willox Park Phase2 7,500 - 7,500 - 0% Mount Pleasant 8,717 238 238 8,479- -97% Silverton 2,590 33 33 2,557- -99% 0 - - - - #DIV/0! Gap sites Gap sites budget remaining 9,182 - 4,081 5,101- -56% Bonhill Gap Site - all Bonhill Sites 245 0 0 245- -100% Bonhill Gap Site - Old Bonhill/ Campbell Street - 35 - - Bonhill Gap Site - O'Hare - 28 - - 0% Bonhill Gap Site - Braehead - 36 - - #DIV/0! Clydebank Gap Sites ( prev Lilac Avenue) - unallocated 13,622 - 13,000 622- -5% Clydebank Gap Sites ( prev Lilac Avenue) - 7-9 Gilmour Avenue 50 39 39 11- -21% Clydebank Gap Sites ( prev Lilac Avenue) - Queen Mary Avenue 50 32 32 18- -35% Future New build sites 27,000 - 27,000 - 0% 28 Bridge Street Alexandria 23 165 165 141 605% Fees, Staffing Costs, contingency 8,097 396 4,764 3,333- -41% Total Expenditure 177,132 17,961 109,786 (67,346) 31 March 2024 Site Project Life Financials Variance