Item 9-Appendix 2
West Dunbartonshire Council · 26 March 2025
Back to West Dunbartonshire Council — 26 March 2025 and its agenda
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Projects that are Off Track at Period 10 Appendix 2 Service Project Approved Project Life Cost Revised Project Life Cost Project Life Variance Initial Completion Date Revised Completion Date £'000 £'000 £'000 RN 17 Posties Park Sports Hub - New sports hub to include gym & running track 6,385 6,718 333 31/03/2022 31/03/2025 RN 21 Allotment Development 492 492 - 31/03/2024 31/03/2026 RN 31 Exxon City Deal 44,325 46,942 2,617 31/03/2027 31/03/2028 Project Name: Posties Park RN 17 Project Manager: Gail McFarlane Initial Completion End Date: 31/03/2022 Revised End Date: 25/03/2025 How was this project initially funded: Council Capital Funding/Prudential Borrowing. Please Detail any additional funding: n/a Why is the project classified as off track and what has caused the issues identified? What action will be taken to rectify the position? n/a New Completion Date: 31/03/2025 What are the implications on the actions proposed? Revenue Implications Virement Implications n/a Project Name: RN 21 Allotment Development Project Manager: Ian Bain Initial Completion End Date: 31/03/2024 Revised End Date: 31/3/2026 How was this project initially funded: Please Detail any additional funding: n/a Prudential Borrowing Why is the project classified as off track and what has caused the issues identified? What action will be taken to rectify the position? Additional funding required or project ceased. New Completion Date: 31/03/2026 What are the implications on the actions proposed? Revenue Implications Virement Implications n/a Source of Funding:- Prudential Borrowing Prudential Borrowing of £333k has a revenue implication of £224,347 over 25 years due to the incurred interest on the debt. This equates to £8,974 per annum. Additional funding required for contractor retentions, and ongoing running costs for utilities. Budget shortfall will ensure project completion and long term, sustainability of the project. Source of Funding:- Prudential Borrowing If additional budget approved, Prudential Borrowing of £0.150m has a revenue implication of £0.045m over 10 years due to the incurred interest on the debt. This equates to £0.019m per annum. Project 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 due to their being insufficient budget. Council are 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 Council will be provided with an updated position and decision will be required on a funding request or on the deliverability of the project.
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Projects that are Off Track at Period 10 Appendix 2
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Projects that are Off Track at Period 10 Appendix 2 Project Name: RN 31 Exxon City Deal Project Manager: Patricia Rowley Initial Completion End Date: 31/03/2027 Revised End Date: 31/03/28 How was this project initially funded: Please Detail any additional funding: n/a Scottish Government & Prudential Borrowing Why is the project classified as off track and what has caused the issues identified? What action will be taken to rectify the position? New Completion Date: 31/03/2028 What are the implications on the actions proposed? Revenue Implications Virement Implications n/a Prudential Borrowing of £1.282m (WDC allocation of £2.617m) has a revenue implication of £1.798m over 50 years due to the incurred interest on the debt. This equates to £0.036m per annum. The reason for reprofiling is that the construction costs increased significantly which prompted a scope review to allow the project affordability. The Project Board recommended reducing the original scope which was agreed at the Council meeting on 30 October 2024. The overall budget has increased to £46,942,156, which will be split between City Deal £23.991m and Council £22.951m. The total budget has been profiled to reflect the 30 October 2025 Council report. Source of Funding:- Scottish Government & Prudential Borrowing