Capital Monitoring Report 2026-27 Period 3 - 19 August 2026
North Ayrshire Council · 1 September 2026
Back to Cabinet — 1 September 2026 and its agenda
Text extracted from the council's PDF. Layout and reading order may differ from the original.
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NORTH AYRSHIRE COUNCIL 1 September 2026 Cabinet Title: Capital Programme and Treasury Management Performance to 30 June 2026 Purpose: To advise Cabinet of progress in delivering the Capital Investment Programme 2026/27 and the associated Treasury Management performance to 30 June 2026 Recommendation: That Cabinet agrees to: (a) note the revisions to budgets outlined in the report; (b) note (i) the General Services and HRA revised budgets at 30 June 2026; and (ii) the forecast expenditure to 31 March 2027; and (c) approve the virement proposal noted within the HRA programme detailed in appendix 2; and (d) note the estimated performance against the Prudential Indicators set out in the Treasury Management and Investment Strategy. 1. Executive Summary 1.1 The General Services Capital Investment Programme 2026/27 to 2033/34 was approved by Council on 25 February 2026. The Housing Revenue Account (HRA) Capital Investment Programme 2025/26 sits within the updated HRA Business Plan and was approved by Council on 11 February 2026. 1.2 This report identifies the current programme for 2026/27, taking account of adjustments made to the initial budgets. The report presents the revised budgets at 30 June 2026 (Period 3) and forecast expenditure to 31 March 2027. 1.3 At Period 3 the General Fund is forecasting a break even position against a revised budget of £139.172m. The HRA is forecasting a projected underspend of (£0.183m) against a revised budget of £52.815m. 1.4 Within the General Fund, adjustments to funding have resulted in net additions to the overall capital programme of £3.822m, including NAVT Funding for AGD Great Harbour, Scottish Government Funding for Bourtree Hill Village Regeneration and an adjustment to VDLF previously assumed within our General Capital Grant.
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1.5 Reviews of individual project plans have identified a number of adjustments to the current profiles. As a result, £12.884m in relation to previously reported re-profiling from 2025/26 to 2026/27 and the acceleration of £19.585m to 2026/27 from future years has been fully offset by the re-profiling of (43.242m) for delivery in 2027/28 and beyond. This primarily relates to the revised programme for the delivery of Ardrossan New Build, AGD Projects, Ardrossan Harbour Interchange, B714 Improvements alongside smaller revisions. 1.6 Following the recent Council structure change for the Economic Development Shared Service, budgets have been realigned within the Place and Communities and Housing Directorates. This realignment has no impact on overall budget available. 1.7 Within the HRA Capital Programme, a review of delivery timescales has identified £2.235m previously re-profiled from 2025/26 to 2026/27. In addition, £0.270m has been accelerated to 2026/27 from future years. This has been partly offset by the re- profiling of (£9.037m) of works for delivery in 2027/28 and beyond. Sheltered Housing and Estates based regeneration projects have also been reprofiled to reflect the most up to date delivery programme and this has resulted in (£10.757m) being reprofiled into later financial years. 1.8 Ongoing uncertainty arising from inflationary pressures and construction cost volatility continue to impact on the Capital Programme. Financial risks have been identified across several high value projects. Council has provided for a degree of mitigation within the overall 10-year General Services Capital Investment Programme and the HRA Capital Investment Programme. Projects will continue to be monitored closely with cost increases met initially from the additional flexibility built into the programme. However, any requirement for further borrowing not met from a funding source will be a matter for Council to consider. The use of capital flexibility of £12.400m has been realigned across other projects. The projects include the new Ardrossan Campus and Upper Garnock Flood Prevention Scheme. 1.9 The Treasury Management and Investment Strategy (TMIS) for 2026/27 was approved by Council on 25 February 2026 and detailed the key performance indicators under the Prudential Code for Capital Finance in Local Authorities (2021 edition). The current estimated performance indicates that North Ayrshire Council has operated within the treasury limits and performance indicators set out in the TMIS and the current capital investment plans remain affordable. 2. Background General Fund 2.1 The following table outlines the movements in the 2026/27 General Services budget:
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General Services Capital 2026/27 £ million Budget as at 1 April 2026 146.123 Changes to Funding 3.539 Other Revisions to the Programme 0.283 Revised Budget 149.945 Alterations to phasing between 2025/26 and 2026/27 12.884 Alterations to phasing of projects 2026/27 to 2027/28 (43.242) Alterations to phasing of projects 2027/28 to 2026/27 19.585 Budget as at 30 June 2026 139.172 2.2 Changes to Funding The capital programme has been updated to reflect the following changes to funding: Funding Body Amount £ million Project Scottish Government GCG 1.019 Active Travel Tier 1 Scottish Government GCG (1.561) VDLF Removed Circular 2/2026 Scottish Government Specific Grant 1.169 Bourtree Hill Village Regeneration Scottish Government Specific Grant 0.280 20mph Implementation Scottish Government Specific Grant 0.041 LA Direct Award UK Government Grant 0.360 Irvine Pride in Place UK Government Grant 0.118 Three Towns Prode in Place Persimmons 0.130 UFSM West Kilbride KA Leisure return unspent (0.004) Brodick Tennis NAVT Funding 1.830 AGD Great Harbour SPT Grant 0.150 Bus Corridor Improvements Walk Wheel Cycle Trust Grant 0.007 NCN7 Valefield/Glengarnock Bridge Total Funding Adjustments 3.539 2.3 Other Revisions to the Programme The programme has also been updated to reflect the undernoted adjustments: Funding Source Amount £ million Project Borrowing 0.279 Bourtree Hill Village Regeneration Receipts 0.004 Insurance Recoveries (Vehicles) Total Other Adjustments 0.283
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2.4 Alterations to the Phasing of Projects The reprofiling of £12.884m between 2025/26 and 2026/27 reflects projects not completed within the year, or accelerated from future years, and incorporated within the 2026/27 capital programme. These were previously reported within the 2025/26 Capital Programme performance reports: Project Amount £ million Ardrossan New Build 4.608 UFSM 0.106 Other Minor Movements 0.028 Total Education 4.742 Arran Youth Foundation Centre 0.382 CCTV Review 0.251 Long Drive 0.202 UK Shared Prosperity 0.160 Irvine High Street 0.099 Access Path Network Programme 0.089 Montgomerie Park Neighbourhood Ctr 0.081 Lochshore Garden Activity Hub 0.080 Abbey Tower 0.067 PBIP 0.062 Montgomerie Park Masterplan 0.062 Lochshore Garnock Hub 0.060 PBIP Public Space Camera 0.050 Portland Road Redevelopment 0.050 Active Travel Tier 1 (0.225) Other Minor Movements 0.214 Total Communities & Housing 1.684 ICT Minor Movements 0.031 Total Corporate Services 0.031 Eclipse 0.153 Minor Movements 0.033 Total HSCP 0.186
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AGD Coastal Hub 0.441 AGD I3 DPMC Phase 1 0.337 Brodick Hall 0.324 LBPR Cunninghame House 0.281 Cemetery Extensions 0.266 Locality Based Property Review (LBPR) 0.266 Millport Pier 0.215 Bridges Infrastructure 0.211 Nature Restoration Fund 0.175 PLI Projects 0.170 Marine Tourism Lochranza 0.130 Goldcraigs Refurbishment 0.128 Fleet Decarbonisation 0.080 Lighting 0.071 LBPR The Circuit 0.063 Parking Charges & DPE 0.054 Roads Improvements (0.071) B714 (0.145) Millburn FPS (0.635) Other Minor Movement 0.142 Total Place 2.503 Transfer to Flexibility 3.737 Core Infrastructure Fund 0.001 Total Other 3.738 Alterations 2025/26 to 2026/27 12.884 A further review of individual project plan has identified a requirement to re-profile (£43.242m) of works for delivery in 2027/28 and beyond. Project Amount £ million Bourtreehill Village (3.045) VDLF Kyle Road (1.585) LUF3 Annickbank (0.884) Strategic Investment Route (0.600) North Shore Residential (0.110) Active Travel Tier 1 (0.063) Total Communities & Housing (6.287) Ardrossan New Build (36.088) Total Education (36.088) Improvement Grants (0.070) Total HSCP (0.070) Millport Pier (0.707) Other Minor Movements (0.090) Total Place (0.797) Alterations 2026/27 to 2027/28 (43.242)
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These adjustments have been partly offset by the acceleration of £19.585m of expenditure to 2026/27 from future years. Project Amount £ million Adrossan New Build 3.282 Montgomerie Park School 0.687 Schools ICT 0.127 Other Minor Movements 0.017 Total Education 4.113 Data Centre Relocation 0.185 Connectivity 0.043 Total Corporate Services 0.228 Pride in Place Impact Fund 1.500 VDLF Kyle Road 0.925 Island Pit Stops 0.182 Montgomerie Park Masterplan 0.132 Strategic Investment Route 0.073 Lochshore, Kilbirnie 0.072 VDLF Development Work 0.070 Repurposing Property Grant Fund 0.052 PBIP Dockhead St 0.050 Other Minor Movements 0.215 Total Communitites & Housing 3.271 Ardrossan Harbour Interchange 3.518 B714 Improvements 1.713 Millburn FPS 0.911 AGD Coastal Hub 0.682 Renewal of Playparks 0.563 Lighting 0.297 Bridges Infrastructure 0.172 Irvine Enterprise Area 0.103 AGD Marine Toursim Cumbrae 0.090 Other Minor Movements 0.157 Total Place 8.206 Flexibility Fund 3.767 Total Other 3.767 Alterations 2027/28 to 2026/27 19.585
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2.5 These adjustments have resulted in a revised 2026/27 budget at 30 June 2026 of £139.152m, a net decrease of (£6.951m). 2.6 The following graph illustrates the movement in each programme on a service basis compared to the revised programme: Approved 0.607 0.088 78.809 1.094 58.365 7.160 146.123 Programme @ P3 0.866 20.519 61.676 1.210 51.835 3.066 139.172 Movement 0.259 20.431 (17.133) 0.116 (6.530) (4.094) (6.951) 2.7 The impact on budgeted funding, elements of which are related to the profile of expenditure reported above, is a decrease of (£6.951m) from the revised budget, including: Category Amount £ million Comments Borrowing 12.354 Rephased aligned to projected expenditure Specific Grant (2.836) Rephased and revised contributions Capital Grants (1.544) Rephased and additional government grants Other Grants (0.479) Rephased and revised contributions Capital Receipts (0.544) Realigned capital receipts Total Funding Adjustments 6.951
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2.8 Projected Capital Expenditure to 31 March 2027 The projections are summarised by service in the following table: Service / Category Approved Budget 2026/27 £ million Carry Forwards and Adjustment s £ million Revised Budget 2026/27 £ million Projected Expenditure / Income to 31 March 2026 £ million Projected Variance Over / (Under) £ million Corporate Services 0.607 0.259 0.866 0.866 0.000 Communities & Housing 0.088 20.431 20.519 20.519 0.000 Education 78.809 (17.133) 61.676 61.676 0.000 HSCP 1.094 0.116 1.210 1.210 0.000 Place 58.365 (6.530) 51.835 51.835 0.000 Other Items 7.160 (4.094) 3.066 3.066 0.000 Total Expenditure 146.123 (6.951) 139.172 139.172 0.000 General Grants (8.545) (1.544) (10.089) (10.089) 0.000 Specific Grants (30.184) (2.836) (33.020) (33.020) 0.000 Use of Reserve Funds (0.355) 0.000 (0.355) (0.355) 0.000 Capital Receipts (0.865) (0.544) (1.409) (1.409) 0.000 Other Grants & Contributions 0.000 (0.479) (0.479) (0.479) 0.000 Prudential Borrowing (106.174) 12.354 (93.820) (93.820) 0.000 Total Income (146.123) 6.951 (139.172) (139.172) 0.000 2.9 Significant ongoing uncertainty and areas of cost risk have been identified as a result of cost volatility arising from inflationary pressures and supply chain issues which are impacting on tender returns and the cost of materials across a number of projects. While some mitigation has been built into the Capital Programme in the form of flexibility budgets, cost pressures may exceed this provision. These risks will be quantified as individual projects are completed and tendering exercises are finalised, with the impact on the costs of the programme being monitored and reported to Cabinet as appropriate. Any requirement for further borrowing not met from a funding source will be a matter for Council to consider. The use of capital flexibility of £12.400m has been realigned across other projects. The projects include the new Ardrossan Campus and Upper Garnock Flood Prevention Scheme with full details summarised in the undernoted table:
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Re-alignment From Capital Flexibility Amount £ million Adrossan New Build 9.970 Upper Garnock Flood Prevention Scheme 1.612 Quarry Road Phase 1 0.004 Salt Dome 0.014 Bridgegate House Demolition 0.800 Total Education 12.400 Housing Revenue Account 2.10 The following table outlines the movements in the 2026/27 HRA Capital budget: Housing Revenue Account 2026/27 £m Budget as at 1 April 2026 70.104 Alterations to phasing between 2025/26 and 2026/27 2.235 Alterations to phasing of projects 2026/27 to Future Years (10.757) Alterations to phasing of projects 2026/27 to 2027/28 (9.037) Alterations to phasing of projects 2027/28 to 2026/27 0.270 Budget as at 30 June 2026 52.815 2.11 Alterations to the Phasing of Projects Sheltered Housing and Estates based regeneration projects have also been reprofiled to reflect the most up to date delivery programme and this has resulted in (£10.757m) being reprofiled into later financial years. Net planned expenditure of £2.235m has been reprofiled from 2025/26 to 2026/27, reflecting projects not completed within the year which have been incorporated within the 2026/27 capital programme. These were previously reported within the 2025/26 Capital Programme performance reports: Project Amount £ million Garnock Academy 0.577 Kings Arms, Irvine 0.490 Harbourside Irvine 0.152 James MacFarlane 0.064 Stanecastle, Irvine 0.048 Total Alterations to New Builds 1.331 Pathfinder Project 0.460 EWI 0.164 Total Alterations to Stock Improvements 0.624 Window Replacement High Flats 0.187
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Lift Replacement 0.093 Total Alterations to Other Capital Works 0.280 Alterations 2025/26 to 2026/27 2.235 A further review of the timescale for delivery of capital projects has identified a requirement to re-profile (£9.037m) of works for delivery in 2027/28 and beyond, including: Project Amount £ million Montgomerie Park (7.550) Grange Court. Stevenston (0.578) Bourtreehill Village (0.371) Regeneration project, Consultant Fees (0.167) Fullarton Street High Flats (0.052) Total Alterations to New Builds (8.718) Kitchens (0.101) Windows (0.095) Bathrooms (0.090) Other Minor Movements (0.033) Total Alterations to Stock Improvements (0.319) Alterations 2026/27 to 2027/28 (9.037) This has been partly offset by the acceleration of £0.270m of project expenditure for delivery during 2026/27, including: Project Amount £ million St Michaels Phase 3 0.050 Corsehillhead 0.050 Redburn 0.050 Minor Movements 0.070 Total Alterations to New Builds 0.220 Redburn Grove 0.050 Total Alterations to Existing Stock 0.050 Alterations 2027/28 to 2026/27 0.270 2.12 These adjustments have resulted in a revised 2026/27 budget at 30 June 2026 of £52.815m. 2.13 The impact on budgeted funding is a decrease of £17.289m from the approved budget which will be met from reduced prudential borrowing. 2.14 Projected Capital Expenditure to 31 March 2027 The projections are summarised in the following table:
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Service / Category Approved Budget 2026/27 £ million Carry Forwards and Adjustments £ million Revised Budget 2026/27 £ million Projected Expenditure / Income to 31 March 2027 £ million Projected Variance Over / (Under) £ million Housing Revenue Account 70.104 (17.289) 52.815 52.632 (0.183) Total Expenditure 70.104 (17.289) 52.815 52.632 (0.183) CFCR (5.580) - (5.580) (5.580) - Capital Grants (12.872) - (12.872) (12.872) Use of Reserves (1.580) - (1.580) (1.580) - Affordable Housing Contribution (1.202) - (1.202) (1.202) - Prudential Borrowing (48.870) 17.289 (31.581) (31.398) 0.183 Total Income (70.104) 17.289 (52.815) (52.632) 0.183 2.15 A net underspend of (£0.183m) is projected within the HRA capital programme for 2026/27 arising from revisions to a number of projects, including: Project Variance £ million Comments Laburnum Avenue 0.108 Project complete Bathrooms 0.078 Higher numbers projected Roofing (0.039) Reduction in Costs Wallfloor Rendering (0.330) Reduction in Cost per unit Total Variance (0.183) 2.16 In addition to the adjustments noted above, Appendix 2 highlights a proposed virement which is required to transfer budget from Contingency to meet the additional costs within the Garnock Academy site project, £0.898m and the James Reid project, £0.050m. 2.17 Cost pressures will continue to be monitored and a review of any potential impact on the Business Plan and Capital Programme will be undertaken to address any identified issues. Further information on the progress of all projects can be found in Appendix 2.
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Treasury Management and Investment 2.18 The Prudential Code for capital finance in local authorities (2021 edition) requires the Council to set and monitor performance against specified prudential indicators. The indicators for the current year were set out in the Treasury Management and Investment Strategy 2026/27, approved by Council on the 25 February 2026. A summary of the key indicators and our current estimated performance against them is shown in the following table. Further details of all the Prudential and Treasury indicators can be found in appendix 3. Prudential and Treasury Indicators 2026/27 Approved Estimate £ million 2026/27 Revised Estimate £ million Movement £ million General Services Capital Financing Requirement 470.500 441.379 (29.121) HRA Capital Financing Requirement 256.479 227.339 (29.140) Total Loans Capital Financing Requirement 726.979 668.718 (58.261) Gross Borrowing 683.675 622.215 (61.460) Operational Boundary for Borrowing 740.741 683.072 (57.669) Authorised Limit for Borrowing 814.815 751.379 (63.436) Total Operational Boundary (incl. PPP/NPD) 814.458 756.789 (57.669) Total Authorised Limit (incl. PPP/NPD) 888.532 825.096 (63.436) Investments 30.000 30.000 0.000 2.19 Loans Capital Financing Requirement The Loans Capital Financing Requirement (CFR) is the underlying borrowing requirement of the Council. This is currently lower than the approved estimate as a result of the changes in the profiles of the capital programmes, resulting in a reduced borrowing requirement for the year. 2.20 Gross Borrowing Gross Borrowing is projected to be lower than anticipated due to the revised profile of capital projects and the continued strategy to utilise internal funds to minimise borrowing. 2.21 Operational Boundary The Operational Boundary is the maximum which the Council anticipates borrowing to fund the current year capital programme, building in flexibility for the timing of the different funding streams and principal repayments. The in-year variance is linked to the continued use of internal funds and the re-profiling of the capital programme.
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2.22 Investments It is estimated that the Council will maintain an average balance of £30.000m of internally managed funds and utilise cash balances during the year in support of the under-borrowed position. The internally managed funds are primarily invested in call accounts with banks, Money Market Funds and other UK local authorities. 2.23 It is critical that the Council ensures that its capital investment plans are affordable. Affordability of borrowing is measured by the percentage of financing costs relative to the net revenue stream of the General Fund and the Housing Revenue Account (HRA). As at 30 June, the estimated percentages for 2025/26 are 3.8% and 25.2% for the General Fund and HRA respectively. Capital expenditure impacts on the revenue budget through financing charges so it is essential the Council ensures the financing costs remain affordable and do not constitute an excessive proportion of the revenue resources available. From a General Fund perspective, the latest Scottish Local Authority average was 6.0%, thereby demonstrating by comparison the prudent nature of the current borrowing policy. For the HRA, the Scottish average was 20.7%. The level of loan charges is deemed prudent and affordable within the framework of the 30-year Housing business plan. 3. Proposals 3.1 It is proposed that Cabinet agrees to: (a) note the revisions to budgets outlined in the report; (b) note (i) the General Services and HRA revised budgets at 30 June 2026; and (ii) the forecast expenditure to 31 March 2027; (c) approve the virement proposal noted within the HRA programme detailed in appendix 2; and (d) note the estimated performance against the Prudential Indicators set out in the Treasury Management and Investment Strategy. 4. Implications/Socio-economic Duty Financial 4.1 The financial implications are as outlined in the report. Expenditure will continue to be closely monitored to ensure early action is taken regarding any projected underspends or overspends. Human Resources 4.2 None. Legal 4.3 None. Equality/Socio-economic 4.4 None.
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Climate Change and Carbon 4.5 None. Key Priorities 4.6 This report directly supports the Council Plan 2023 to 2028 by focusing our investment on priorities, managing risk and supporting delivery of key priorities. Community Wealth Building 4.7 None. Islands Communities Impact Assessment (ICIA) 4.8 None. United Nations Rights of the Child (UNCRC) 4.9 None. Consumer Duty 4.10 None. 5. Consultation 5.1 Progress as outlined in this report has been approved by Executive Directors. Mark Boyd Head of Service (Finance) For further information please contact Natalie Graham, Senior Manager (Corporate Finance), Financial Management, on 01294 324533. Background Papers Capital Investment Programme 2026/27 to 2033/34 - Council 25 February 2026 Housing Revenue Account (HRA) Capital Investment Plan, Revenue Budget and Rent Levels for 2026/27 – Council 11 February 2026 Treasury Management and Investment Strategy 2026/27 – Council 25 February 2026
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OFFICIAL INFORMATION# TOTAL PROJECT Project Description Total Project Budget Cumulative Expenditure to date Total Project Forecast Projected Over/ (Under) Spend Total Revised Budget 2026/27 Brought / Carry Forward to 2027/28 Total Revised Budget 2026/27 Actual Expenditure to 30th June 2026 Projected Expenditure to 31st March 2027 Actual Over/ (Under) Spend for 2026/27 True Over/ (Under) Spend £ £ £ £ £ £ £ £ £ £ £ EXPENDITURE Education Nursery Education 4,076,308 4,030,786 4,076,308 0 0 0 0 (45,522) 0 0 0 Primary Schools 45,897,652 38,020,440 45,897,652 0 4,993,933 0 4,993,933 (479,944) 4,993,933 0 0 Secondary Schools 127,328,721 33,066,549 127,328,721 0 91,377,761 (36,088,382) 55,289,379 7,658,844 55,289,379 0 0 Schools Other 1,658,495 388,994 1,658,495 0 1,391,994 0 1,391,994 122,492 1,391,994 0 0 SUB TOTAL 178,961,176 75,506,768 178,961,176 0 97,763,688 (36,088,382) 61,675,306 7,255,871 61,675,306 0 0 Communities & Housing Information & Culture 643,522 404,867 643,522 0 504,224 0 504,224 265,568 504,224 0 0 Other Housing 338,805 0 338,805 0 338,805 0 338,805 0 338,805 0 0 Economic Development & Regen 43,720,528 16,080,570 43,720,528 0 25,962,458 (6,285,954) 19,676,504 396,060 19,676,504 0 0 SUB TOTAL 44,702,855 16,485,436 44,702,855 0 26,805,487 (6,285,954) 20,519,533 661,628 20,519,533 0 0 Corporate Services Council IT Strategy 9,521,391 3,060,081 9,521,391 0 866,365 0 866,365 16,755 866,365 0 0 SUB TOTAL 9,521,391 3,060,081 9,521,391 0 866,365 0 866,365 16,755 866,365 0 0 Health & Social Care Management & Support 1,165,484 382,993 1,165,484 0 747,496 0 747,496 0 747,496 0 0 Housing Non HRA 450,766 121,489 450,766 0 450,766 0 450,766 121,489 450,766 0 0 Adults 4,608,078 4,596,152 4,608,078 0 11,926 0 11,926 0 11,926 0 0 SUB TOTAL 6,224,328 5,100,634 6,224,328 0 1,210,188 0 1,210,188 121,489 1,210,188 0 0 Place Roads 72,293,144 32,681,571 72,293,144 0 27,712,000 (707,440) 27,004,560 5,236,734 27,004,560 0 0 Streetscene 5,408,446 3,475,749 5,408,446 0 1,920,843 0 1,920,843 47,236 1,920,843 0 0 Transport 8,354,938 2,282,337 8,354,938 0 5,032,487 0 5,032,487 1,661,886 5,032,487 0 0 Waste Services 13,321,491 13,272,542 13,321,491 0 0 0 0 0 0 0 0 Renewable Energy 14,956,435 14,249,807 14,956,435 0 213,201 0 213,201 (493,427) 213,201 0 0 Office Accommodation 2,235,012 139,637 2,235,012 0 2,065,125 0 2,065,125 139,637 2,065,125 0 0 Other Property 4,504,529 3,469,590 4,504,529 0 1,147,942 0 1,147,942 113,003 1,147,942 0 0 Growth & Investment 148,064,798 60,389,091 148,064,798 0 14,446,843 0 14,446,843 (316,198) 14,446,843 0 0 Completed Projects 6,512,081 6,516,841 6,512,081 0 4,000 0 4,000 8,760 4,000 0 0 SUB TOTAL 275,650,874 136,477,165 275,650,874 0 52,542,441 (707,440) 51,835,001 6,397,632 51,835,001 0 0 Other Other 12,459,553 0 12,459,553 0 (1,500,999) 4,567,377 3,066,378 0 3,066,378 0 0 SUB TOTAL 12,459,553 0 12,459,553 0 (1,500,999) 4,567,377 3,066,378 0 3,066,378 0 0 Total Project Expenditure 527,520,177 236,630,084 527,520,177 0 177,687,170 (38,514,399) 139,172,771 14,453,374 139,172,771 0 0 Total Project Income (177,687,170) 38,514,399 (139,172,771) (41,672,190) (139,172,771) 0 0 Total Net Expenditure 0 0 0 (27,218,815) 0 0 0 On Target (+0.5% of budget) Slightly off target (+ 0.5% to 2% of budget, or £0.125m, whichever is less) Significantly off target (+2% or more of budget, or £0.500m, whichever is less) The following classifications have been used to highlight financial performance against budget CURRENT YEAR 2026/27 North Ayrshire Council Capital Statement 2026/27 Year Ended 31st March 2027 Period 3 The following classifications have been used to highlight delivery performance against original timescales set # OFFICIAL INFORMATION Appendix 1
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OFFICIAL INFORMATION# Revised Budget 26/27 Variance £ £ £ £ £ £ £ £ £ CAPITAL BORROWING Prudential Borrowing 106,173,876 10,075,100 11,114,546 127,363,522 (973,597) 126,389,925 93,819,391 (32,570,534) SUB TOTAL 106,173,876 10,075,100 11,114,546 127,363,522 (973,597) 0 126,389,925 0 93,819,391 (32,570,534) SCOTTISH GOVERNMENT FUNDING Specific Capital Grants Local Authority Direct Award 0 0 41,729 41,729 0 41,729 0 Vacant & Derelict Land Funding 5,106,031 254,137 91,621 5,451,789 (1,561,000) 3,890,789 3,890,788 1,685,265 (2,205,524) Vacant & Derelict Land Investment Funding 0 892,990 892,990 0 892,990 892,990 892,990 0 Scottish Government Grant - AGD Great Harbour Ph 1 0 381,488 673,772 1,055,260 0 1,055,260 0 1,055,260 0 Scottish Government Grant - AGD Great Harbour Ph 2 500,000 500,000 0 500,000 0 500,000 0 UK Government Grant - AGD DPMC Ph 1 0 337,440 337,440 0 337,440 0 337,440 0 UK Government Grant - AGD Building Digital Capital 0 25,000 25,000 0 25,000 0 25,000 0 Islands Pit Stops 0 3,046 181,501 184,547 0 184,547 184,547 184,547 0 Place Based Investment Programme 608,628 128,073 243,952 980,653 0 980,653 980,654 980,653 0 UK Shared Prosperity Fund 0 159,900 159,900 0 159,900 159,900 159,900 0 UK Government Grant - B714 Improvements 7,605,697 (144,758) 598,324 8,059,263 0 8,059,263 15,664,961 8,059,263 0 UK Government - Local Regeneration Fund Funding 16,363,134 287,679 93,000 16,743,813 0 16,743,813 14,211,929 15,770,672 (973,141) UK Government - Pride in Place Impact Fund 0 1,500,000 1,500,000 0 1,500,000 1,500,000 1,500,000 0 UK Government - Irvine Pride in Place Fund 0 360,000 360,000 360,000 360,000 0 UK Government -3 Towns Pride in Place Fund 0 117,604 117,604 117,604 117,604 0 Scottish Government Grant - Bourtreehill Village 0 1,169,000 1,169,000 0 233,800 (935,200) 20 mph Implementation 0 280,000 280,000 0 280,000 0 Marine Tourism Lochranza 0 129,718 129,718 0 129,718 129,718 129,718 0 Brodick Hall 323,925 323,925 0 323,925 323,925 323,925 0 Arran Youth Foundations Centre 382,299 382,299 0 382,299 382,299 382,299 0 Capital Grants Flooding (895,880) (895,880) 0 (895,880) 0 (895,880) 0 General Capital Grant 9,441,000 77,000 9,518,000 1,467,866 10,985,866 3,343,000 10,985,866 0 SUB TOTAL 38,728,610 2,242,947 4,377,160 45,348,717 1,875,199 0 47,223,916 42,142,315 43,110,051 (4,113,865) OTHER INCOME TO PROGRAMME Use of Funds :- Capital Fund 355,090 0 0 355,090 0 0 355,090 0 355,090 0 Grants & Contributions 0 30,069 166,119 196,188 2,112,776 0 2,308,964 (478,259) 478,964 (1,830,000) Lochshore Garnock Hub - Garnock Rugby Club 0 0 0 (200,000) 0 0 AGD - Great Harbour - Sportscotland 0 0 (135,000) 0 0 Irvine Enterprise Area - NAVT 101,099 101,099 0 101,099 0 101,099 0 Bus Corridor Improvements - SPT 0 150,000 150,000 0 150,000 0 NCN7 Crossing Improvements Walk Wheel Cycle Trust 0 0 (18,224) 0 0 NCN7 Valefield/Glengarnock Bridge - Walk Wheel Cycle Trust 6,534 6,534 0 6,534 0 Brodick Tennis Courts - KA Leisure Contribution 20,319 20,319 (3,941) 16,378 16,378 16,378 0 UFSM West Kilbride PS - Persimmons Contribution 0 130,183 130,183 130,183 130,183 0 Depot Charging Scheme - Department of Transport 0 0 0 (271,597) 0 0 Bourtreehill Village Regeneration - NAVT 1,830,000 1,830,000 0 0 (1,830,000) Repurposing Property Grant Fund - NAVT 9,750 65,020 74,770 0 74,770 0 74,770 0 Capital Receipts 865,000 536,140 0 1,401,140 8,135 0 1,409,275 8,135 1,409,275 0 Sale of Land and Buildings 865,000 536,140 1,401,140 0 1,401,140 0 1,401,140 Sale of Vehicles 0 4,080 4,080 4,080 4,080 Insurance Recoveries (Vehicles) 0 4,055 4,055 4,055 4,055 SUB TOTAL 1,220,090 566,209 166,119 1,952,418 2,120,911 0 4,073,329 (470,125) 2,243,329 (1,830,000) TOTAL CAPITAL PROGRAMME FUNDING 146,122,576 12,884,256 15,657,825 174,664,657 3,022,513 0 177,687,170 41,672,190 139,172,771 (38,514,399) Approved Budget at Cabinet Feb 2026 Capital Programme Funding 2026/27 Projected Income to 31st March 2027 Approved budget at Period 1 used as revised starting point 2026/27 Actual Income to 30th June 2026Funding Description Carry Forward from 2025/26 Changes after Capital Refresh Feb 2026 Total Changes in Year Changes at Capital Refresh Feb 2027 # OFFICIAL INFORMATION
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OFFICIAL INFORMATION# EDUCATION MILESTONE Total Project Budget Cumulative Expenditure to date Total Project Forecast Projected Over/ (Under) Spend Total Revised Budget 2026/27 Actual Expenditure to 30th June 2026 Projected Expenditure to 31 March 2027 Actual Over/ (Under) Spend for 2026/27 True Over/(Under) Spend Brought / Carry Forward to 2027/28 Original Target Revised Forecast Current Project Stage Delivery Status Financial Delivery Status Physical £ £ £ £ £ £ £ £ £ £ Nursery Education Early Years Programme MARRESS HOUSE 4,076,308 4,030,786 4,076,308 0 0 (45,522) 0 0 0 Complete Complete Complete Complete Complete Total Nursery Education 4,076,308 4,030,786 4,076,308 0 0 (45,522) 0 0 0 0 Primary Schools MOORPARK PRIMARY 14,885,024 14,708,340 14,885,024 0 0 (176,683) 0 0 0 Complete Complete Complete Complete Complete MONTGOMERIE PARK SCHOOL 22,848,999 21,856,070 22,848,999 0 684,030 (308,898) 684,030 0 0 Complete Complete Complete Complete Complete FAIRLIE PRIMARY SCHOOL 542,444 101,215 542,444 0 441,732 503 441,732 0 0 31-Aug-26 31-Aug-26 Feasibility On Target On Target UNIVERSAL FREE SCHOOL MEALS EXPANSION 513,160 0 513,160 0 513,160 0 513,160 0 0 Holding Code Holding Code Holding Code Holding Code Holding Code UFSM ARDEER PRIMARY SCHOOL 17,634 16,548 17,634 0 783 (303) 783 0 0 Complete Complete Complete Complete Complete UFSM CORSEHILL PRIMARY SCHOOL 147,940 144,680 147,940 0 0 (3,260) 0 0 0 Complete Complete Complete Complete Complete UFSM FAIRLIE PRIMARY SCHOOL 30,000 0 30,000 0 30,000 0 30,000 0 0 31-Aug-26 31-Aug-26 Feasibility On Target On Target UFSM GLENCAIRN PRIMARY SCHOOL 11,203 10,256 11,203 0 783 (164) 783 0 0 Complete Complete Complete Complete Complete UFSM HAYOCKS PRIMARY SCHOOL 94,984 93,061 94,984 0 0 (1,923) 0 0 0 Complete Complete Complete Complete Complete UFSM KILMORY PRIMARY SCHOOL 65,654 57,473 65,654 0 8,181 0 8,181 0 0 Complete Complete Complete Complete Complete UFSM LOUDOUN-MONTGOMERY PRIMARY SCHOOL 2,082,540 139,905 2,082,540 0 1,721,921 10,933 1,721,921 0 0 31-Dec-26 31-Dec-26 Feasibility On Target On Target UFSM PENNYBURN PRIMARY SCHOOL 10,455 9,523 10,455 0 784 (148) 784 0 0 Complete Complete Complete Complete Complete UFSM WEST KILBRIDE PRIMARY SCHOOL 4,177,947 413,700 4,177,947 0 1,592,559 0 1,592,559 0 0 31-Aug-27 31-Aug-27 On Site On Target On Target Total Primary Education 45,897,652 38,020,440 45,897,652 0 4,993,933 (479,944) 4,993,933 0 0 0 Secondary Schools ARDROSSAN NEW BUILD 124,558,601 30,296,428 124,558,601 0 91,377,761 7,658,844 55,289,379 (36,088,382) (36,088,382) Winter 2027 26-May-28 On Site On Target Significantly off target Total Secondary Education 127,328,721 33,066,549 127,328,721 0 91,377,761 7,658,844 55,289,379 (36,088,382) 0 (36,088,382) Schools Other CO2 MONITORS IN SCHOOLS 298,000 284,408 298,000 0 31,499 17,907 31,499 0 0 31-Mar-27 31-Mar-27 Planning On Target On Target SCHOOLS ICT INVESTMENT * 1,360,495 104,586 1,360,495 0 1,360,495 104,586 1,360,495 0 0 31-Mar-27 31-Mar-27 On-going On Target On Target Total Schools Other 1,658,495 388,994 1,658,495 0 1,391,994 122,492 1,391,994 0 0 0 Total Education 178,961,176 75,506,768 178,961,176 0 97,763,688 7,255,871 61,675,306 (36,088,382) 0 (36,088,382) CAPITAL MONITORING 2026/27 CommentsProject Description TOTAL PROJECT COMPLETION DATES DELIVERY STATUS2026/27 BUDGETS # OFFICIAL INFORMATION
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OFFICIAL INFORMATION# COMMUNITIES & HOUSING MILESTONE Total Project Budget Cumulative Expenditure to date Total Project Forecast Projected Over/ (Under) Spend Total Revised Budget 2026/27 Actual Expenditure to 30th June 2026 Projected Expenditure to 31 March 2027 Actual Over/ (Under) Spend for 2026/27 True Over/(Under) Spend Brought / Carry Forward to 2027/28 Original Target Revised Forecast Current Project Stage Delivery Status Financial Delivery Status Physical £ £ £ £ £ £ £ £ £ £ Information & Culture CASTLES & HISTORIC MONUMENTS 38,303 0 38,303 0 38,303 0 38,303 0 0 Holding Code Holding Code Holding Code Holding Code Holding Code ABBEY TOWER 73,807 255,753 73,807 0 67,244 249,190 67,244 0 0 31-Jul-26 31-Jul-26 Procurement On Target On Target BRODICK TENNIS COURTS 149,114 149,114 149,114 0 16,378 16,378 16,378 0 0 30-Sep-25 31-May-26 Construction On Target On Target ARRAN YOUTH FOUNDATIONS CENTRE 382,299 0 382,299 0 382,299 0 382,299 0 0 31-Mar-27 31-Mar-27 In Development On Target On Target Total Information & Cultural 643,522 404,867 643,522 0 504,224 265,568 504,224 0 0 0 Other Housing CCTV REVIEW 338,805 0 338,805 0 338,805 0 338,805 0 0 30-Jun-26 30-Oct-26 Ongoing On Target On Target Total Other Housing 338,805 0 338,805 0 338,805 0 338,805 0 0 0 Regeneration REPURPOSING PROPERTY GRANT FUND 508,854 12,975 508,854 0 508,174 12,295 508,174 0 0 30-May-25 31-Mar-27 In development On Target On Target MILLPORT TOWN HALL PHASE 2 9,088 (55,938) 9,088 0 9,088 (55,938) 9,088 0 0 Complete Complete Complete Complete Complete Community led regeneration project b ill ll h i jISLANDS PIT STOPS 218,321 110,385 218,321 0 184,547 76,611 184,547 0 0 31-Jul-25 31-Dec-26 In development On Target On Target PLACE BASED INVESTMENT PROGRAMME (PBIP) 205,550 50,823 205,550 0 156,177 1,450 156,177 0 0 31-Mar-27 31-Mar-27 In development On Target On Target UK SHARED PROSPERITY FUND (SPF) 159,900 54,470 159,900 0 159,900 54,470 159,900 0 0 31-Mar-26 30-Sep-26 In development On Target On Target PBIP – KILWINNING ABBEY IMPROVEMENTS 264,559 201,266 264,559 0 209,543 146,250 209,543 0 0 31-Mar-25 31-Dec-26 Construction On Target On Target LOCHSHORE HUB PLAY AREA 354,999 308,077 354,999 0 17,847 4,485 17,847 0 0 Complete Complete Complete Complete Complete PBIP 36 BANK STREET 139,999 120,162 139,999 0 19,837 0 19,837 0 0 Complete Complete Complete Complete Complete IRVINE HIGH STREET 2,837,315 2,723,228 2,837,315 0 99,087 (15,000) 99,087 0 0 Complete Complete Complete Complete Complete MONTGOMERIE PARK MASTERPLAN 4,218,598 1,963,607 4,218,598 0 269,362 4,372 269,362 0 0 31-Mar-30 31-Mar-30 In development On Target On Target LOCHSHORE, KILBIRNIE 2,101,881 2,015,480 2,101,881 0 86,401 0 86,401 0 0 31-May-25 01-Dec-26 In development On Target On Target LOCHSHORE GARNOCK HUB 4,170,999 4,125,112 4,170,999 0 60,492 14,605 60,492 0 0 Complete Complete Complete Complete Complete VDLF - KYLE ROAD PHASE 2 4,525,506 190,782 4,525,506 0 4,334,724 0 2,750,000 (1,584,724) (1,584,724) 31-Mar-27 31-Mar-28 In development On Target On Target VDLF - ANNICKBANK PH 3 1,948,996 1,944,450 1,948,996 0 4,546 0 4,546 0 0 Complete Complete Complete Complete Complete LUF3 - ANNICKBANK 5,024,602 216,861 5,024,602 0 4,883,941 76,201 4,000,000 (883,941) (883,941) 31-Mar-27 31-Mar-28 Construction On Target On Target VDLF - DEVELOPMENT WORK 199,979 100,569 199,979 0 106,512 7,102 106,512 0 0 31-Mar-26 31-Dec-26 In development On Target On Target VDLF - TREE PLANTING 50,000 2,400 50,000 0 47,600 0 47,600 0 0 31-Dec-24 31-Dec-26 In development On Target On Target MONTGOMERIE PARK NEIGHBOURHOOD CTR 260,384 179,307 260,384 0 81,077 0 81,077 0 0 30-Sep-24 31-Mar-27 Construction On Target On Target LOCHSHORE GARDEN/ACTIVITY HUB 827,075 79,809 827,075 0 782,158 34,891 782,158 0 0 31-Dec-26 31-Mar-27 In development On Target On Target NORTH SHORE RESIDENTIAL 150,000 0 150,000 0 150,000 0 40,000 (110,000) (110,000) 31-Mar-29 31-Mar-29 In development On Target On Target PBIP DOCKHEAD STREET 331,893 10,323 331,893 0 323,535 1,965 323,535 0 0 31-Mar-26 31-Mar-27 In development On Target On Target PBIP PUBLIC SPACE CAMERA 50,000 0 50,000 0 50,000 0 50,000 0 0 31-Mar-27 31-Mar-27 In development On Target On Target PBIP BEITH KIRK 39,500 0 39,500 0 39,500 0 39,500 0 0 31-Mar-26 31-Dec-26 In development On Target On Target PBIP HAYOCKS HALL COMMUNITY LARDER 32,500 806 32,500 0 31,694 0 31,694 0 0 31-Mar-27 31-Mar-27 In development On Target On Target PBIP CRANBERRY MOSS COMMUNITY CENTRE 32,500 131 32,500 0 32,369 0 32,369 0 0 31-Mar-27 31-Mar-27 In development On Target On Target PBIP SHEWALTON POND ACCESS IMPROVEMENTS 27,500 933 27,500 0 27,500 933 27,500 0 0 31-Mar-27 31-Mar-27 In development On Target On Target PBIP EGLINTON PARK IMPROVEMENTS 10,000 9,731 10,000 0 9,167 8,898 9,167 0 0 31-Mar-27 31-Mar-27 In development On Target On Target PRIDE IN PLACE IMPACT FUND 1,500,000 0 1,500,000 0 1,500,000 0 1,500,000 0 0 31-Mar-27 31-Mar-27 Planning On Target On Target IRVINE PRIDE IN PLACE FUND 360,000 0 360,000 0 360,000 0 360,000 0 0 31-Mar-36 31-Mar-36 Planning On Target On Target THREE TOWNS PRIDE IN PLACE FUND 117,604 0 117,604 0 117,604 0 117,604 0 0 31-Mar-37 31-Mar-37 Planning On Target On Target BOURTREEHILL VILLAGE REGENERATION 3,278,483 0 3,278,483 0 3,278,483 0 233,800 (3,044,683) (3,044,683) 31-Dec-27 31-Dec-27 Planning On Target On Target ACTIVE TRAVEL TIER 1 1,153,970 21,331 1,153,970 0 1,153,970 21,331 1,091,364 (62,606) (62,606) 31-Mar-27 30-Sep-27 Various On Target On Target ACCESS PATH NETWORK PROGRAMME 538,854 46 538,854 0 488,854 46 488,854 0 0 31-Mar-27 31-Mar-27 Various On Target On Target BUS CORRIDOR IMPROVEMENT GRANT 150,000 0 150,000 0 150,000 0 150,000 0 0 31-Mar-27 31-Mar-27 Planning On Target On Target NCN7 VALEFIELD/GLENGARNOCK BRIDGE 6,534 0 6,534 0 6,534 0 6,534 0 0 31-Mar-27 31-Mar-27 Planning On Target On Target LOCAL AUTHORITY DIRECT AWARD 41,729 0 41,729 0 41,729 0 41,729 0 0 31-Mar-27 31-Mar-27 Planning On Target On Target FAIRLIE COASTAL PATH 0 (12,091) 0 0 0 (12,091) 0 0 0 Complete Complete Complete Complete Complete ARDROSSAN PROMENADE 788,000 787,900 788,000 0 100 0 100 0 0 Complete Complete Complete Complete Complete BUS INFRASTRUCTURE FUND 288,000 246,993 288,000 0 41,007 0 41,007 0 0 31-Mar-26 30-Sep-26 In development On Target On Target LONG DRIVE 956,620 357,745 956,620 0 607,047 8,172 607,047 0 0 31-Mar-28 31-Mar-28 In development On Target On Target RIVERSIDE WAY 867,180 9,814 867,180 0 861,518 4,152 861,518 0 0 31-Dec-26 31-Dec-26 In development On Target On Target STRATEGIC INVESTMENT ROUTE 2,386,827 189,527 2,386,827 0 2,198,160 860 1,598,160 (600,000) (600,000) 31-Mar-28 31-Mar-28 Construction On Target On Target KYLE ROAD AT ROUTE 1,073,678 64,111 1,073,678 0 1,009,567 0 1,009,567 0 0 31-Mar-26 31-Aug-26 In development On Target On Target PORTLAND RD REDEVELOPMENT 1,463,107 0 1,463,107 0 1,463,107 0 1,463,107 0 0 31-Mar-28 31-Mar-28 Planning On Target On Target Total Regeneration 43,720,528 16,080,570 43,720,528 0 25,962,458 396,060 19,676,504 (6,285,954) 0 (6,285,954) Total Communities & Housing 44,702,855 44,125,395 17,062,897 43,720,528 26,805,487 661,628 20,519,533 (6,285,954) 0 (6,285,954) Comments CAPITAL MONITORING 2026/27 Project Description TOTAL PROJECT 2026/27 BUDGETS COMPLETION DATES DELIVERY STATUS # OFFICIAL INFORMATION
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OFFICIAL INFORMATION# CORPORATE SERVICES MILESTONE Total Project Budget Cumulative Expenditure to date Total Project Forecast Projected Over/ (Under) Spend Total Revised Budget 2026/27 Actual Expenditure to 30th June 2026 Projected Expenditure to 31 March 2027 Actual Over/ (Under) Spend for 2026/27 True Over/(Under) Spend Brought / Carry Forward to 2027/28 Original Target Revised Forecast Current Project Stage Delivery Status Financial Delivery Status Physical £ £ £ £ £ £ £ £ £ £ Council IT Strategy ICT INVESTMENT FUND 5,315,581 1,871,826 5,315,581 0 483,555 1,500 483,555 0 0 31-Mar-27 31-Mar-27 On-going On Target On Target CONNECTIVITY 1,347,810 11,484 1,347,810 0 197,810 11,484 197,810 0 0 31-Mar-28 31-Mar-28 Planning On Target On Target DATA CENTRE COLOCATION 185,000 3,770 185,000 0 185,000 3,770 185,000 0 0 31-Mar-27 31-Mar-27 Planning On Target On Target Total IT Strategy 9,521,391 3,060,081 9,521,391 0 866,365 16,755 866,365 0 0 0 Total Corporate Services 9,521,391 3,060,081 9,521,391 0 866,365 16,755 866,365 0 0 0 CAPITAL MONITORING 2026/27 CommentsProject Description COMPLETION DATESTOTAL PROJECT DELIVERY STATUS2026/27 BUDGETS # OFFICIAL INFORMATION
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OFFICIAL INFORMATION# HEALTH & SOCIAL CARE MILESTONE Total Project Budget Cumulative Expenditure to date Total Project Forecast Projected Over/ (Under) Spend Total Revised Budget 2026/27 Actual Expenditure to 30th June 2026 Projected Expenditure to 31 March 2027 Actual Over/ (Under) Spend for 2026/27 True Over/(Under) Spend Brought / Carry Forward to 2027/28 Original Target Revised Forecast Current Project Stage Delivery Status Financial Delivery Status Physical £ £ £ £ £ £ £ £ £ £ Management & Support ECLIPSE 536,058 382,993 536,058 0 153,065 0 153,065 0 0 14-Jan-27 31-Mar-27 Construction On Target On Target CARE AT HOME MANAGEMENT SYSTEM 629,426 0 629,426 0 594,431 0 594,431 0 0 31-Mar-28 31-Mar-28 Planning On Target On Target Total Management & Support 1,165,484 382,993 1,165,484 0 747,496 0 747,496 0 0 0 Housing Non HRA IMPROVEMENT GRANTS * 450,766 121,489 450,766 0 450,766 121,489 450,766 0 0 31-Mar-27 31-Mar-27 Ongoing On Target On Target Total Housing Non HRA 450,766 121,489 450,766 0 450,766 121,489 450,766 0 0 0 Adults TRINDLEMOSS 4,608,078 4,596,152 4,608,078 0 11,926 0 11,926 0 0 Complete Complete Complete Complete Complete Total Older People 4,608,078 4,596,152 4,608,078 0 11,926 0 11,926 0 0 0 Total Health & Social Care 6,224,328 5,100,634 6,224,328 0 1,210,188 121,489 1,210,188 0 0 0 Project Description DELIVERY STATUS CAPITAL MONITORING 2026/27 2026/27 BUDGETSTOTAL PROJECT COMPLETION DATES Comments # OFFICIAL INFORMATION
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OFFICIAL INFORMATION# PLACE MILESTONE Total Project Budget Cumulative Expenditure to date Total Project Forecast Projected Over/ (Under) Spend Total Revised Budget 2026/27 Actual Expenditure to 30th June 2026 Projected Expenditure to 31 March 2027 Actual Over/ (Under) Spend for 2026/27 True Over/(Under) Spend Brought / Carry Forward to 2027/28 Original Target Revised Forecast Current Project Stage Delivery Status Financial Delivery Status Physical £ £ £ £ £ £ £ £ £ £ Roads ROADS IMPROVE/RECONSTRUCTION * 7,729,428 271,738 7,729,428 0 7,729,428 271,738 7,729,428 0 0 31-Mar-27 31-Mar-27 Multiple Projects On Target On Target ROAD SAFETY IMPROVEMENT FUND 0 (4,100) 0 0 0 (4,100) 0 0 0 Complete Complete Complete Complete Complete 20MPH IMPLEMENTATION 280,000 96,180 280,000 0 280,000 96,180 280,000 0 0 Complete Complete Complete Complete Complete TRAFFIC CALMING 175,000 0 175,000 0 82,953 0 82,953 0 0 31-Mar-27 31-Mar-27 In Development On Target On Target CYCLICAL REPLACEMENT OF TRAFFIC SIGNALS 275,000 0 275,000 0 100,000 0 100,000 0 0 31-Mar-29 31-Mar-29 Planning On Target On Target DOCKHEAD STREET SALTCOATS 100,000 0 100,000 0 100,000 0 100,000 0 0 31-Mar-27 31-Mar-27 In development On Target On Target LIGHTING * 1,367,349 60,665 1,367,349 0 1,367,349 60,665 1,367,349 0 0 31-Mar-27 31-Mar-27 Multiple Projects On Target On Target UPPER GARNOCK FPS 20,190,489 20,102,374 20,190,489 0 1,611,404 1,523,288 1,611,404 0 0 Complete Complete Complete Complete Complete MILLBURN FPS 4,684,650 2,814,034 4,684,650 0 3,113,825 1,243,209 3,113,825 0 0 15-Sep-26 15-Sep-26 Construction On Target On Target MILLPORT PIER 1,350,000 150,080 1,350,000 0 707,440 0 0 (707,440) (707,440) 31-Dec-27 31-Dec-27 In Development On Target On Target BRIDGES INFRASTRUCTURE PROG * 942,334 153,813 942,334 0 942,334 153,813 942,334 0 0 31-Mar-27 31-Mar-27 Multiple Projects On Target On Target COASTAL ADAPTATIONS 315,000 52,269 315,000 0 73,930 11,199 73,930 0 0 31-Mar-29 31-Mar-29 In Development On Target On Target B714 UPGRADE 34,733,443 8,902,367 34,733,443 0 11,532,910 1,878,615 11,532,910 0 0 31-Aug-27 31-Aug-27 Tender On Target On Target B714 PROJECT MANAGEMENT SYSTEM 16,192 0 16,192 0 16,192 0 16,192 0 0 31-Mar-27 31-Mar-27 Planning On Target On Target PARKING CHARGES & DPE 134,260 82,152 134,260 0 54,235 2,128 54,235 0 0 31-Mar-27 31-Mar-27 In Development On Target On Target Total Roads 72,293,144 32,681,571 72,293,144 0 27,712,000 5,236,734 27,004,560 (707,440) 0 (707,440) Streetscene CEMETERY EXTNS, WALLS & INFRA * 457,661 0 457,661 0 398,571 0 398,571 0 0 Holding Code Holding Code Holding Code Holding Code Holding Code CMTY, KILBIRNIE - WALLS 119,675 119,140 119,675 0 0 (535) 0 0 0 Complete Complete Complete Complete Complete CMTY, BEITH - WALLS 162,395 159,516 162,395 0 0 (2,879) 0 0 0 Complete Complete Complete Complete Complete CMTY, ABBEY TOWER - WALLS 159,357 156,149 159,357 0 0 (3,208) 0 0 0 Complete Complete Complete Complete Complete CMTY, STEV HAWKHILL - WALLS 89,670 87,930 89,670 0 0 (1,740) 0 0 0 Complete Complete Complete Complete Complete CMTY, WEST KILBRIDE - WALLS 110,397 107,991 110,397 0 0 (2,406) 0 0 0 Complete Complete Complete On Target On Target CMTY, IRVINE OP CHURCH - WALLS 15,243 6,998 15,243 0 8,245 0 8,245 0 0 Future years Future years Feasibility Works On Target On Target CMTY, STEV HIGH KIRK - WORKS 30,802 33,117 30,802 0 5,070 7,385 5,070 0 0 Future years Future years Feasibility Works On Target On Target CMTY, KILBIRNIE - NEW 1,501,663 585,627 1,501,663 0 947,142 31,106 947,142 0 0 01-Oct-26 01-Oct-26 Construction On Target On Target PARK ENABLING WORKS 149,895 149,415 149,895 0 480 0 480 0 0 31-Mar-27 31-Mar-27 Planning On Target On Target RENEWAL OF PLAY PARKS 1,411,000 869,178 1,411,000 0 561,335 19,513 561,335 0 0 31-Mar-27 31-Mar-27 Construction On Target On Target Total Streetscene 5,408,446 3,475,749 5,408,446 0 1,920,843 47,236 1,920,843 0 0 0 Transport VEHICLES * 3,328,073 1,660,387 3,328,073 0 3,328,073 1,660,387 3,328,073 0 0 31-Mar-27 31-Mar-27 Ongoing On Target On Target FLEET DECARBONISATION 5,026,865 621,950 5,026,865 0 1,704,414 1,499 1,704,414 0 0 31-Mar-27 31-Mar-27 Ongoing On Target On Target Total Transport 8,354,938 2,282,337 8,354,938 0 5,032,487 1,661,886 5,032,487 0 0 0 Renewable Energy SOLAR PV INVESTMENT - NETHERMAINS 8,290,950 7,998,830 8,290,950 0 0 (292,121) 0 0 0 Complete Complete Complete Complete Complete SOLAR PV INVESTMENT - SHEWALTON 5,954,484 5,714,172 5,954,484 0 38,510 (201,802) 38,510 0 0 Complete Complete Complete Complete Complete NATURE RESTORATION FUND 711,000 536,806 711,000 0 174,691 496 174,691 0 0 31-Aug-24 31-Mar-27 Planning On Target On Target Total Renewable Energy 14,956,435 14,249,807 14,956,435 0 213,201 (493,427) 213,201 0 0 0 Office Accommodation PROPERTY LIFECYCLE INVESTMENT 66,476 0 66,476 0 66,476 0 66,476 0 0 31-Mar-27 31-Mar-27 Mulitple projects On Target On Target PLI WEST BYREHILL DEPOT 90,000 0 90,000 0 90,000 0 90,000 0 0 30-Nov-26 30-Nov-26 Planning On Target On Target PLI GOLDCRAIGS DEPOT 169,887 (6,252) 169,887 0 0 (6,252) 0 0 0 Complete Complete Complete Complete Complete PLI CALEDONIA PRIMARY 1,038,355 137,567 1,038,355 0 1,038,355 137,567 1,038,355 0 0 31-Mar-27 31-Mar-27 Construction On Target On Target PLI CORSEHILL PRIMARY 150,000 0 150,000 0 150,000 0 150,000 0 0 31-Mar-27 31-Mar-27 Planning On Target On Target PLI DALRY PRIMARY SCHOOL 697,244 0 697,244 0 697,244 0 697,244 0 0 31-Mar-27 31-Mar-27 Construction On Target On Target PLI HAYOCKS PRIMARY SCHOOL 3,292 0 3,292 0 3,292 0 3,292 0 0 Complete Complete Complete Complete Complete PLI PENNYBURN PRIMARY 0 (3,727) 0 0 0 (3,727) 0 0 0 Complete Complete Complete Complete Complete PLI SKELMORLIE PRIMARY SCHOOL 0 (7,708) 0 0 0 (7,708) 0 0 0 Complete Complete Complete Complete Complete PLI THE PORTAL 19,758 19,758 19,758 0 19,758 19,758 19,758 0 0 Complete Complete Complete Complete Complete Total Office Accommodation 2,235,012 139,637 2,235,012 0 2,065,125 139,637 2,065,125 0 0 0 Other Property LOCALITY BASED PROPERTY REVIEW 265,667 0 265,667 0 265,667 0 265,667 0 0 31-Mar-25 31-Mar-27 In development On Target On Target LBPR CUNNINGHAME HOUSE 238,000 139,028 238,000 0 128,708 29,736 128,708 0 0 31-Mar-27 31-Mar-27 Construction On Target On Target Comments CAPITAL MONITORING 2026/27 COMPLETION DATES Project Description TOTAL PROJECT 2026/27 BUDGETS DELIVERY STATUS # OFFICIAL INFORMATION
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OFFICIAL INFORMATION# PLACE MILESTONE Total Project Budget Cumulative Expenditure to date Total Project Forecast Projected Over/ (Under) Spend Total Revised Budget 2026/27 Actual Expenditure to 30th June 2026 Projected Expenditure to 31 March 2027 Actual Over/ (Under) Spend for 2026/27 True Over/(Under) Spend Brought / Carry Forward to 2027/28 Original Target Revised Forecast Current Project Stage Delivery Status Financial Delivery Status Physical Comments CAPITAL MONITORING 2026/27 COMPLETION DATES Project Description TOTAL PROJECT 2026/27 BUDGETS DELIVERY STATUS LBPR CUNNINGHAME HOUSE GRD EAST/4TH WEST 1,248,118 1,178,614 1,248,118 0 152,573 83,069 152,573 0 0 Complete Complete Complete Complete Complete LBPR CUNNINGHAME HOUSE GRD WEST 201,777 173,673 201,777 0 28,104 0 28,104 0 0 Complete Complete Complete Complete Complete LBPR - THE TOWNHOUSE 24,999 23,486 24,999 0 15,639 14,126 15,639 0 0 Complete Complete Complete Complete Complete LBPR THE CIRCUIT 311,571 248,327 311,571 0 63,244 0 63,244 0 0 31-Mar-27 30-Sep-26 Construction On Target On Target EMERGENCY CONTROL CTR 158,000 152,136 158,000 0 4,562 (1,302) 4,562 0 0 Complete Complete Complete Complete Complete GOLDCRAIGS REFURBISHMENT 1,163,495 1,010,926 1,163,495 0 128,049 (24,520) 128,049 0 0 Complete Complete Complete Complete Complete SALT DOME GOLDCRAIGS 360,468 360,468 360,468 0 13,952 13,952 13,952 0 0 Complete Complete Complete Complete Complete BRODICK HALL 323,925 0 323,925 0 323,925 0 323,925 0 0 31-Mar-27 31-Mar-27 Planning On Target On Target WOODLANDS PRIMARY PLAYINGFIELD DRAINAGE 134,641 109,065 134,641 0 23,519 (2,057) 23,519 0 0 Complete Complete Complete Complete Complete Total Property 4,504,529 3,469,590 4,504,529 0 1,147,942 113,003 1,147,942 0 0 0 Ayrshire Growth Deal AGD - I3 DPMC PHASE 1 1,000,000 897,484 1,000,000 0 337,440 234,925 337,440 0 0 31-Mar-26 31-Mar-26 Delivery On Target On Target AGD - I3 DPMC PHASE 2 6,224,999 346,615 6,224,999 0 102,443 9,691 102,443 0 0 31-Mar-29 31-Mar-30 Feasibility On Target On Target AGD - I3 FLEXIBLE BUSINESS SPACE PHASE 1 4,897,985 4,833,238 4,897,985 0 0 (64,747) 0 0 0 Complete Complete Complete Complete Complete AGD - I3 FLEXIBLE BUSINESS SPACE PHASE 2 6,156,259 542,798 6,156,259 0 4,574,700 55,589 4,574,700 0 0 31-Mar-29 31-Mar-29 Multiple Projects On Target On Target AGD - I3 FLEXIBLE BUSINESS SPACE PHASE 3 9,369,585 6,767 9,369,585 0 369,585 6,767 369,585 0 0 31-Mar-29 31-Mar-29 Multiple Projects On Target On Target AGD - HUNTERSTON - CENTRE OF LOW CARBON ENERGY & CIRCULAR 12,040,000 321,503 12,040,000 0 315,003 18,773 315,003 0 0 31-Mar-30 30-Nov-30 Feasibility On Target On Target AGD - GH PHASE 1 COASTAL HUB 6,510,768 5,044,603 6,510,768 0 1,636,822 454,752 1,636,822 0 0 31-Mar-29 31-Mar-27 Delivery On Target On Target AGD - GH PHASE 2 MARITIME MILE 7,996,866 166,841 7,996,866 0 520,561 55,029 520,561 0 0 31-Mar-29 31-Mar-29 Design On Target On Target AGD - IMSE 15,275,000 250,731 15,275,000 0 281,441 7,565 281,441 0 0 31-Mar-30 31-Mar-30 Feasibility On Target On Target AGD - MARINE TOURISM ARRAN 4,571,991 305,653 4,571,991 0 333,902 12,545 333,902 0 0 31-Mar-29 31-Mar-30 Feasibility On Target On Target AGD - MARINE TOURISM CUMBRAE 4,796,278 345,235 4,796,278 0 458,455 35,055 458,455 0 0 31-Mar-29 31-Mar-30 Design On Target On Target AGD -BUILDING DIGITAL CAPITAL 4,630,000 19,025 4,630,000 0 13,118 7,143 13,118 0 0 31-Mar-30 31-Mar-30 Design On Target On Target Total Ayrshire Growth Deal 83,745,448 13,356,211 83,745,448 0 8,943,470 833,086 8,943,470 0 0 0 Growth & Investment ARDROSSAN HARBOUR INTERCHANGE 4,127,113 608,920 4,127,113 0 3,519,122 929 3,519,122 0 0 1st Qtr 2026 TBC Design On Hold On Hold IRVINE ENTERPRISE AREA 10,736,892 0 10,736,892 0 103,079 0 103,079 0 0 Ongoing Ongoing Multiple Projects On Target On Target ARDROSSAN NORTH SHORE 48,888,716 46,008,199 48,888,716 0 1,730,304 (1,150,214) 1,730,304 0 0 Complete Complete Complete Complete Complete VDLF - I3 IRVINE ENTERPRISE 278,170 257,020 278,170 0 21,150 0 21,150 0 0 31-Mar-26 31-Mar-26 Design On Target On Target MARINE TOURISM LOCHRANZA 129,718 0 129,718 0 129,718 0 129,718 0 0 31-Mar-26 31-May-26 Development On Target On Target Other Growth & Investment 64,319,350 47,032,879 64,319,350 0 5,503,373 (1,149,284) 5,503,373 0 0 0 Total Growth & Investment 148,064,798 60,389,091 148,064,798 0 14,446,843 (316,198) 14,446,843 0 0 0 Completed Projects BIOMASS RETROFIT PROGRAMME 3,378,163 3,377,163 3,378,163 0 0 (1,000) 0 0 0 Complete Complete Complete Complete Complete QUARRY ROAD PHASE 1 3,133,918 3,139,678 3,133,918 0 4,000 9,760 4,000 0 0 Complete Complete Defects Period Complete Complete Total Completed Projects 6,512,081 6,516,841 6,512,081 0 4,000 8,760 4,000 0 0 0 Total Place 275,650,874 136,477,165 275,650,874 0 52,542,441 6,397,632 51,835,001 (707,440) 0 (707,440) # OFFICIAL INFORMATION
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OFFICIAL INFORMATION# OTHER BUDGETS AE Total Project Budget Cumulative Expenditure to date Total Project Forecast Projected Over/ (Under) Spend Total Revised Budget 2026/27 Actual Expenditure to 30th June 2026 Projected Expenditure to 31 March 2027 Over/ (Under) Spend for 26/27 £ £ £ £ £ £ £ £ FLEXIBILITY / IMPROVEMENT FUND 12,459,553 0 12,459,553 0 (3,501,999) 0 1,065,378 4,567,377 CORE INFRASTRUCTURE INVESTMENT 2,001,000 0 2,001,000 0 2,001,000 0 2,001,000 0 Total Other Budgets 14,460,553 0 14,460,553 0 (1,500,999) 0 3,066,378 4,567,377 2026/27 BUDGETS CommentsProject Description TOTAL PROJECT # OFFICIAL INFORMATION
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OFFICIAL-PROTECT INFORMATION# HRA Capital Statement 2627 Appendix 2 TOTAL PROJECT CURRENT YEAR 2026/27 - Period 2 Project Description Total Project Budget Cumulative Expenditure to date Total Project Forecast Projected Over/ (Under) Spend Total Revised Budget 2026/27 Actual Expenditure to 31 May 2026 P2 Projection Virement Request Carry /Brought Forward to /From Future Years True Over/ (Under) Spend Delivery Status Financial Delivery Status Physical Narrative £ £ £ £ EXPENDITURE Council House Building Afton Court 1,335,654 1,249,279 1,249,898 (85,756) Complete Complete Complete. Flatt Road 20,178,000 19,706,151 19,709,046 (468,954) 0 Complete Complete Complete Friars Lawn 2,199,628 2,085,562 2,085,598 (114,030) 0 Complete Complete Complete Garrier Court 2,335,551 2,414,910 2,348,027 12,476 0 Complete Complete Complete 0 0 500 14,282,715 14,282,715 152,030 0 152,030 0 Complete Complete Complete - 2526 carry forward required due to reimbursement of funds to the general fund and Scottish Government for abnormal works that cost less than projected. James McFarlane Site 4,784,118 988,307 4,784,118 0 64,589 (53,701) 64,589 Complete Complete Complete - project still under DLP, carry forward required to cover any additional works which may be required during this period. Laburnum Ave/Newhouse Dr (Regen 1a&b) 2,953,447 1,388,824 2,953,449 2 0 (1,946) 108,033 108,033 Complete Complete Complete - not financially complete due to contractor going in to administration. Largs Police Station 2,769,301 2,749,750 2,759,323 (9,978) (12) Complete Complete Complete Stanecastle Site 7,854,314 1,307,586 7,854,314 0 47,707 (102,737) 47,707 Complete Complete Complete - project still under DLP, carry forward required to cover any additional works which may be required during this period. St Beya Gardens 3,691,052 3,689,345 3,691,052 0 0 Complete Complete Complete St Michael's Wynd 13,996,769 14,097,411 14,087,664 90,895 0 Complete Complete Complete Ukraine Buy Backs 498 498 Complete Complete Complete St Mary's Primary, Largs 6,528,399 8,894 6,553,916 25,517 0 (38,671) 29,624 29,624 Complete Complete Complete Towerlands Primary School 8,579,943 8,574,482 8,579,943 0 0 Complete Ayrshire Central Site 49,841,415 21,707,241 49,841,415 0 14,231,967 3,237,581 14,231,967 0 On Target On Target Project delayed due to additional services not picked up on the GRP survey, the requirement to dewater the site, and breaking out concrete to allow foundations to progress. Bourtreehill Village 10,037,524 311,017 10,037,524 0 421,308 950 50,000 (371,308) On Target On Target Main spend anticipated 2829. CF to be reprofiled to future years. Fullarton Street (High Flats) 13,302,808 151,688 13,302,808 0 1,027,925 36,995 975,760 (52,165) On Target On Target Garnock Academy Site 12,286,082 6,397,893 12,719,371 433,289 576,646 562,847 1,474,709 898,063 On Target On Target Overspend due to pumping station, water supply infrastructure works and additional road construction works Kings Arms (113-115 High Street) 2,982,159 1,653,504 2,982,159 0 490,299 138,210 568,041 77,742 On Target Significantly off target Montgomerie Park (Both Phases) 49,739,946 5,320,089 49,739,946 0 10,528,206 119,575 2,978,340 (7,549,866) On Target Slightly off target Delay in issuing tender due to ongoing discussions ongoing the delivery of the road and pumping station St Michaels Phase 3 13,996,769 28,710 13,996,769 28,710 50,000 50,000 Nelson Street Regeneration 1,079,858 10,420 1,079,858 0 857,456 6,694 887,806 30,350 On Target On Target Confirmation of SG funding delayed acceptance of the tender Acquisition Houses-Open Market 1,273,080 462,096 1,273,080 0 1,341,270 134,827 1,341,270 0 On Target On Target Harbour Street 0 0 0 0 0 On Target On Target Grange Court, Stevenston 1,532,642 29,337 1,532,642 628,184 8,455 50,000 (578,184) On Target On Target Ownership of boundary to be clarified Future Years Projects 0 0 Nursery Place 0 0 0 Guthrie Road 1,859,200 0 1,859,200 0 10,000 10,000 Redburn 4,436,146 0 4,436,146 0 50,000 50,000 Corsehillhead (Shadow Programme) 350,686 0 2,815,278 2,464,592 0 0 50,000 50,000 On Target On Target Project in SHIP 2026-2031 Shadow Programme James Reid Site (Shadow Programme) 11,820,675 19,957 11,820,675 0 0 2,931 50,000 50,000 On Target On Target Project in SHIP 2026-2031 Shadow Programme Internal Management Charges 1,489,046 1 1,489,046 0 1,630,441 0 1,630,441 On Target On Target Regeneration Project 1e Consultants Fees 1,775,219 31,849 1,775,219 729,258 6,200 562,009 (167,249) Contingency 4,012,524 0 2,988,321 2,816,575 0 1,868,512 (948,063) House Building - General 3,210 0 SUB TOTAL 259,021,955 94,385,301 274,628,520 16,630,769 35,543,861 4,087,408 27,230,838 0 (8,498,798) 185,775 DELIVERY STATUS # OFFICIAL-PROTECT INFORMATION
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OFFICIAL-PROTECT INFORMATION# TOTAL PROJECT CURRENT YEAR 2026/27 - Period 2 Project Description Total Project Budget Cumulative Expenditure to date Total Project Forecast Projected Over/ (Under) Spend Total Revised Budget 2026/27 Actual Expenditure to 31 May 2026 P2 Projection Virement Request Carry /Brought Forward to /From Future Years True Over/ (Under) Spend Delivery Status Financial Delivery Status Physical Narrative £ £ £ £ DELIVERY STATUS Improvements to existing stock Wet Room - Void 374,000 67,156 373,844 (156) 374,000 67,156 373,844 (156) On Target On Target Bathrooms - Void 493,000 45,812 492,930 (70) 493,000 45,812 492,930 (70) On Target On Target Wet Room - Planned 102,000 0 101,957 (43) 102,000 0 101,957 (43) On Target On Target Bathrooms - Planned 374,505 0 284,017 (90,488) 374,505 0 284,017 (90,488) On Target On Target Secondary bathrooms planned 0 0 0 0 0 0 0 Electrical Rewiring 687,988 52,330 687,988 0 687,988 52,330 687,988 On Target On Target Full budget spend projected Heating 2,573,780 360,949 2,573,780 0 2,573,780 360,949 2,573,780 On Target On Target Full budget spend projected Kitchens 2,114,658 359,805 2,013,985 (100,673) 2,114,658 359,805 2,013,985 (100,673) On Target On Target Kitchens - Void 1,123,080 126,036 1,123,080 0 1,123,080 126,036 1,123,080 On Target On Target Roofing 1,362,876 54,332 1,324,000 (38,876) 1,362,876 54,332 1,324,000 (38,876) On Target On Target underspend due to reduction in costs Wallfloor rendering 2,500,362 32,899 2,170,500 (329,862) 2,500,362 32,899 2,170,500 (329,862) On Target On Target Cosr per unit reductions. EWI 763,752 36,951 763,752 0 763,752 36,951 763,752 On Target On Target Window Replacement 850,052 51,729 755,802 (94,250) 850,052 51,729 755,802 (94,250) On Target On Target Saltcoats MSF Investment 186,821 29,537 186,821 0 186,821 29,537 186,821 On Target On Target Remedial work ongoing Smoke Detector Programme 1,091,337 77,745 1,059,035 (32,302) 1,091,337 77,745 1,059,035 (32,302) On Target On Target Energy Efficiency 2,180,905 0 2,180,905 0 2,180,905 0 2,180,905 On Target On Target may be a future carry forward beyond 2627. Still awaiting updated guidance from Scottish Govt re SHNZS Path Finder Project 459,856 0 459,856 0 459,856 0 459,856 On Target On Target Solar Panels 3,112,160 36,087 3,112,160 0 3,112,160 36,087 3,112,160 0 On Target On Target Redburn Grove 0 9,149 50,000 9,149 50,000 50,000 HRA Slippage (1,073,280) 0 (1,073,280) 0 (1,073,280) 0 (1,073,280) SUB TOTAL 20,351,132 1,331,367 19,664,412 (686,720) 19,277,852 1,340,516 18,641,132 0 (267,756) (368,964) 0 Other Capital works 0 Estate Based Regeneration 1,309,165 186,576 1,309,165 0 1,309,165 186,576 1,309,165 0 On Target On Target Lift Replacement 92,970 720 92,970 0 92,970 720 92,970 On Target On Target Sheltered Housing Units 5,357,945 (45,816) 5,357,945 0 5,357,945 (45,816) 5,357,945 0 Slightly off target On Target Vineburgh Court out to tender, Laigh Court on site High Flats Demolition 0 0 0 0 0 On Target On Target Complete Other Capital Works 0 0 0 0 0 SUB TOTAL 6,760,080 141,481 6,760,080 0 6,760,080 141,481 6,760,080 0 0 0 Total Expenditure 265,782,035 94,526,782 281,388,600 16,630,769 61,581,793 5,569,405 52,632,050 0 (8,766,554) (183,189) Income Affordable Housing Contributn (1,201,583) (1,201,583) CFCR (5,580,084) (5,580,084) Capital Grants (12,872,329) (1,459,186) (12,872,329) Prudential Borrowing (40,347,569) (31,397,826) 8,766,554 183,189 Reduced borrowing required to reflect rephasing and projected underspends Use of Reserves (1,580,228) (1,580,228) Sale of Assets (12,597) Capital receipts. Other Capital Income 95,500 SUB TOTAL Total Project Expenditure 265,782,035 94,526,782 281,388,600 16,630,769 61,581,793 5,569,405 52,632,050 0 (8,766,554) (183,189) Total Project Income (61,581,793) (1,376,283) (52,632,050) 0 8,766,554 183,189 # OFFICIAL-PROTECT INFORMATION
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Appendix 3 Treasury Management Performance to 30 June 2026 Capital Expenditure for both the General Fund and HRA vary from original estimates due to changes in the profile of projects. Full details of all movements in the capital expenditure budgets are included in this report. The reduction to the Capital Financing Requirement for both the General Fund and the HRA reflect the change in profile of the capital programme. Capital expenditure impacts on the revenue budget through financing charges so it is essential the Council ensures the financing costs remain affordable and do not constitute an excessive proportion of the revenue resources available. From a General Fund perspective, the latest Scottish Local Authority average was 6.0%, thereby demonstrating a prudent borrowing policy. For the HRA, the Scottish average was 20.7%. The level of loan charges is deemed prudent and affordable within the framework of the 30 year Housing business plan. 2026/27 2026/27 2026/27 Original Estimate P3 Projection Movement £m £m £m General Services Capital expenditure 142.123 139.172 (2.951) Funded by: Borrowing 102.174 93.819 (8.355) Receipts / Grants 39.949 44.998 5.049 Funded from Revenue - - - Funded from Reserves - 0.355 0.355 Total 142.123 139.172 (2.951) HRA Capital expenditure 70.103 52.632 (17.471) Funded by: Borrowing 48.869 31.398 (17.471) Receipts / Grants 12.872 12.872 - Funded from Revenue 5.580 5.580 - Funded from Reserves 2.782 2.782 - Total 70.103 52.632 (17.471) Estimates of Capital Expenditure and Income 2026/27 2026/27 2026/27 Original Estimate P3 Projection Movement £m £m £m General Services 544.217 515.095 (29.122) HRA 256.479 227.339 (29.140) Sub-total 800.696 742.434 (58.262) Less PPP/NPD long-term liability (73.717) (73.717) - Loans Capital Financing Requirement (CFR) 726.979 668.717 (58.262) Capital Financing Requirement (CFR) 2026/27 2026/27 Original Estimate P3 Projection % % General Services 4.6% 3.8% HRA 31.5% 25.2% Proportion of financing costs to net revenue stream
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The Council is currently projecting an under-borrowed position of £46.503m due to the continuing strategy to delay long-term external borrowing by utilising internal cash balances. Liability Benchmark The liability benchmark is an important tool to help establish whether the Council is likely to be a long-term borrower or long-term investor in the future and so shape its strategic focus and decision making. The Liability benchmark graph above is used to inform the Council’s borrowing strategy. The shaded grey area shows the Councils current debt and the gap between this and the Liability benchmark line is how much more borrowing the Council likely needs to undertake to support its current capital plans once taking into account its balance sheet resources including the net debtor / creditor and useable reserves. The above graph indicates that long term borrowing for the period of around 20 years would be most appropriate to meet the Councils borrowing needs and mitigate against interest rate risk. 2026/27 2026/27 2026/27 Original Estimate P3 Projection Movement £m £m £m Gross Debt at 31 March 683.675 622.214 (61.461) CFR 726.979 668.717 (58.262) (Under)/Over Borrowed Position (43.304) (46.503) (3.199) Current Portfolio Position (excluding PPP/NPD)
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The maturity structure of the debt portfolio at 30 June 2026 is shown below and shows the period when the Council is required to repay and/or refinance debt. It is important to ensure a reasonable spread of debt to mitigate against high exposure levels in respect of refinancing. The current profile ensures this: The reduction in the external borrowing since 31 March relates to maturing loans during the period to 30 June including £11.5m LOBO loans which were repaid in April and May. 2026/27 2026/27 2026/27 Original Estimate £m P3 Projection Movement £m Loans CFR 726.979 668.717 (58.262) Less Balance sheet resources (95.242) (110.088) (14.846) Net loans requirement 631.737 558.629 (73.108) Liquidity allowance 10.000 10.000 - Liability Benchmark 641.737 568.629 (73.108) Liability Benchmark 31-Mar-26 30-Jun-26 Maturity Profile of Borrowing (Indicator 10) Actual Actual Movement £m £m £m Under 12 months 25.996 14.568 (11.428) 12 months and within 24 months 26.441 35.857 9.416 24 months and within 5 years 54.321 54.071 (0.250) 5 years and within 10 years 108.343 108.343 - 10 years and within 20 years 88.335 88.335 - 20 years and within 30 years 25.925 25.925 - 30 years and within 40 years 82.587 82.587 - 40 years and within 50 years - - - 50 years and above 10.000 - (10.000) Total Borrowing 421.948 409.686 (12.262)