12. Capital Monitoring Report 2025-26 Period 3
North Ayrshire Council · 2 September 2025
Back to Cabinet — 2 September 2025 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 2 September 2025 Cabinet Title: Capital Programme and Treasury Management Performance to 30 June 2025 Purpose: To advise Cabinet of progress in delivering the Capital Investment Programme 2025/26 and the associated Treasury Management performance to 30 June 2025 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 2025; and (ii) the forecast expenditure to 31 March 2026; 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 2025/26 to 2033/34 was approved by Council on 26 February 2025. The Housing Revenue Account (HRA) Capital Investment Programme 2025/26 sits within the updated HRA Business Plan and was approved by Council on 12 February 2025. 1.2 This report identifies the current programme for 2025/26, taking account of adjustments made to the initial budgets. The report presents the revised budgets at 30 June 2025 (Period 3) and forecast expenditure to 31 March 2026. 1.3 At Period 3 the General Fund is forecasting a net underspend of (£0.008m) against a revised budget of £107.609m. The HRA is forecasting a projected underspend of (£0.574m) against a revised budget of £48.592m. 1.4 Within the General Fund, adjustments to funding have resulted in net additions to the overall capital programme of £38.766m, including UK Government Levelling Up funding, £17.457m, and additional investment in the Ardrossan campus, as agreed by Council in June 2025, £20.000m.
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1.5 Reviews of individual project plans have identified a number of adjustments to the current profiles. As a result, £21.594m in relation to previously reported re-profiling from 2024/25 to 2025/26 and the acceleration of £1.549m to 2025/26 from future years has been partly offset by the re-profiling of (£50.107m) for delivery in 2026/27 and beyond. This is primarily related to the revised programme for the delivery of Levelling Up Fund related projects and the updated profiling of the revised investment in Ardrossan campus. 1.6 Within the HRA Capital Programme, a review of delivery timescales has identified £5.256m previously re-profiled from 2024/25 to 2025/26. In addition, £1.073m has been accelerated to 2025/26 from future years. This has been partly offset by the re- profiling of (£3.738m) of works for delivery in 2026/27 and beyond. 1.7 Ongoing uncertainty arising from inflationary pressures and other externalities continue to impact on tender returns, the cost of materials and the cost of borrowing. Financial risks have been identified across a number of 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 and through additional investment agreed in relation to the Ardrossan campus. 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. 1.8 The Treasury Management and Investment Strategy (TMIS) for 2025/26 was approved by Council on 26 February 2025 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 2025/26 General Services budget: General Services Capital 2025/26 £ million Budget as at 1 April 2025 95.807 Changes to Funding 18.766 Other Revisions to the Programme 20.000 Revised Budget 134.573 Alterations to phasing between 2024/25 and 2025/26 21.594 Alterations to phasing of projects 2025/26 to 2026/27 (50.107) Alterations to phasing of projects 2026/27 to 2025/26 1.549 Budget as at 30 June 2025 107.609
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2.2 Changes to Funding The capital programme has been updated to reflect the following changes to funding: Funding Body Amount £ million Project UK Government 17.457 LUF3 Funding Scottish Government 0.200 Coastal Change Adaptation Scottish Government 0.380 Active Travel Tier 1 Scottish Government 0.175 Ayrshire 5GIR Scottish Government 0.041 Active Travel Lawn Tennis Association 0.098 Brodick Tennis Courts SportScotland 0.135 AGD Great Harbour FCC Communities 0.040 AGD Great Harbour LT Funding 0.040 AGD Great Harbour SPT Grant 0.200 RTPI North Coast & Garnock Valley Total Funding Adjustments 18.766 2.3 Other Revisions to the Programme The programme has also been updated to reflect the undernoted adjustments: Funding Source Amount £ million Project Borrowing 20.000 Ardrossan Campus Total Other Adjustments 20.000 2.4 Alterations to the Phasing of Projects The reprofiling of £21.594m between 2024/25 and 2025/26 reflects projects not completed within the year, or accelerated from future years, and incorporated within the 2025/26 capital programme. These were previously reported within the 2024/25 Capital Programme performance reports: Project Amount £ million Montgomerie PS 1.302 Moorpark PS 0.617 UFSM 0.193 Schools ICT Investment 0.147 Other Minor Movements 0.113 Ardrossan New Build (Reprofiled to 2024/25) (0.183) Total Education 2.189 CCTV Review 0.350 Other Minor Movements 0.001 Total Communities & Housing 0.351
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Project Amount £ million Other Minor Movements 0.011 Total Corporate Services 0.011 Other Minor Movements 0.027 Total HSCP 0.027 Ardrossan North Shore 5.036 B714 Upgrade 2.029 AGD 1.567 Millport Coastal FPS 1.486 Vehicles 0.927 Cemeteries 0.602 Nature Restoration Fund 0.583 Island Pit Stops 0.508 Access Paths Programme 0.467 AGD Great Harbour 0.423 Other Minor Movement 0.348 Garrison House Project 0.326 Digital SIPP Great Harbour 0.282 Lighting 0.268 Fleet Decarbonisation 0.255 Renewal of Playparks 0.247 VDLF Funding - Lochshore Kilbirnie 0.177 Cemeteries 0.162 PLI Projects 0.155 Active Travel Tier 1 0.147 Goldcraigs Refurbishment 0.142 PBIP Main Project 0.139 Upper Garnock FPS 0.130 Solar PV Investment 0.127 Montgomerie Park Masterplan 0.120 VDLF Stalled Spaces 0.113 VDLF Development Work 0.106 Other Minor Movements 0.954 AGD i3 Flexible pace Ph1 (Reprofiled to 2024/25) (0.132) Roads Improvements (Reprofiled to 2024/25) (0.157) B714 Improvements (Reprofiled to 2024/25) (0.229) Shewalton Solar PV (Reprofiled to 2024/25) (0.704) Total Place 16.604 Core Infrastructure Fund 2.001 Transfer to Flexibility 0.411 Total Other 2.412 Alterations 2024/25 to 2025/26 21.594
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A further review of individual project plans, taking cognisance of the confirmed Levelling Up Fund programme plan and the updated profiling of the revised investment in Ardrossan campus, has identified a requirement to re-profile (£50.107m) of works for delivery in 2026/27 and beyond. Project Amount £ million Ardrossan new build (34.000) Total Education (34.000) i3 Flexible Business Space Phase2 (9.994) LUF3 Annickbank (2.253) Strategic Investment Route (1.459) AGD Great Harbour (0.851) VDLF Kyle Road Ph2 (0.635) Heatherhouse Junction (0.425) AGD IMSE (0.304) AGD Marine Tourism Cumbrae (0.133) Other Minor Movements (0.053) Total Place (16.107) Alterations 2025/26 to 2026/27 (50.107) These adjustments have been partly offset by the acceleration of £1.549m of expenditure to 2025/26 from future years. Project Amount £ million UFSM Glebe PS 0.005 Total Education 0.005 Flexibility Fund 1.544 Total Other 1.544 Alterations 2026/27 to 2025/26 1.549 2.5 These adjustments have resulted in a revised 2024/25 budget at 30 June 2025 of £107.609m, a net increase of £11.802m.
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2.6 The following graph illustrates the movement in each programme on a service basis compared to the revised programme: 2.7 The impact on budgeted funding, elements of which are related to the profile of expenditure reported above, is an increase of £11.802m from the revised budget, including: Category Amount £ million Comments Borrowing (1.320) Rephased aligned to projected expenditure Specific Grant 10.556 Rephased and revised contributions Use of Reserves (0.704) Rephased aligned to projected expenditure Capital Grants 1.725 Rephased and additional government grants Other Grants 0.698 Rephased and revised contributions Capital Receipts 0.847 Realigned capital receipts Total Funding Adjustments 11.802 0.692 0.105 32.460 0.753 54.930 6.867 95.807 0.703 2.000 0.654 0.780 94.193 9.279 107.609 9.279 9.279 9.279 9.279 9.279 9.279 11.802 Approved Movement Programme @ P3
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2.8 Projected Capital Expenditure to 31 March 2026 The projections are summarised by service in the following table: Service / Category Approved Budget 2025/26 £ million Carry Forwards and Adjustments £ million Revised Budget 2025/26 £ million Projected Expenditure / Income to 31 March 2026 £ million Projected Variance Over / (Under) £ million Corporate Services 0.692 0.011 0.703 0.703 0.000 Communities & Housing 0.105 1.895 2.000 2.000 0.000 Education 32.460 (31.806) 0.654 0.654 0.000 HSCP 0.753 0.027 0.780 0.780 0.000 Place 54.930 39.263 94.193 94.185 (0.008) Other Items 6.867 2.412 9.279 9.279 0.000 Total Expenditure 95.807 11.802 107.609 107.601 (0.008) General Grants (8.367) (1.725) (10.092) (10.092) 0.000 Specific Grants (30.672) (10.556) (41.228) (41.228) 0.000 Use of Reserve Funds (0.704) 0.704 0.000 0.000 0.000 Capital Receipts (1.500) (0.847) (2.347) (2.347) 0.000 Other Grants & Contributions (0.101) (0.698) (0.799) (0.799) 0.000 Prudential Borrowing (54.463) 1.320 (53.143) (53.135) 0.008 Total Income (95.807) (11.802) (107.609) (107.601) 0.008 2.9 An underspend of (£0.008m) is projected within the General Fund capital programme for 2025/26 in relation to the completed projects at Largs Promenade seawall and Quarry Road phase2. These funds will be transferred to the Flexibility budget to offset anticipated budget pressures elsewhere in the programme. Information on the progress of all projects can be found in Appendix 1. 2.10 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. Specific projects where cost risks have been identified, or are anticipated, include Moorpark Primary, Ardrossan Campus, Upper Garnock Flood Prevention Scheme, Ardrossan North Shore, Ardrossan landside works and the B714 upgrade. While some mitigation has been built into the Capital Programme in the form of flexibility budgets, totalling £23.6m over the next few years, 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.
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Housing Revenue Account 2.11 The following table outlines the movements in the 2025/26 HRA Capital budget: Housing Revenue Account 2025/26 £m Budget as at 1 April 2025 46.001 Alterations to phasing between 2024/25 and 2025/26 5.256 Alterations to phasing of projects 2025/26 to 2026/27 (3.738) Alterations to phasing of projects 2026/27 to 2025/26 1.073 Budget as at 30 June 2025 48.592 2.12 Alterations to the Phasing of Projects Net planned expenditure of £5.256m has been reprofiled from 2024/25 to 2025/26, reflecting projects not completed within the year which have been incorporated within the 2025/26 capital programme. These were previously reported within the 2024/25 Capital Programme performance reports: Project Amount £ million Garnock Academy 2.195 Acquisition Houses Open Market 0.837 Contingency 0.826 Ayrshire Central 0.670 Kings Arms, Irvine 0.660 St Mary's Largs 0.475 Montgomerie Park 0.369 Laburnum Avenue 0.257 Bourtreehill Village 0.098 Other Minor Adjustments 0.020 Stanecastle, Irvine (0.587) James MacFarlane (0.620) St Michaels (0.621) Total Alterations to New Builds 4.579 Solar Panels 0.396 EWI 0.188 Window Replacement 0.082 Other Minor Adjustments 0.042 Electrical Rewiring (0.041) Roofing (0.053) Smoke Detector Programme (0.080) Traditional Rendering (0.143) HRA Reprofile (0.477) Total Alterations to Stock Improvements (0.086)
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Project Amount £ million Estate Based Regeneration 0.423 Window Replacement High Flats 0.222 Lift Replacement 0.100 Sheltered Housing Units 0.038 Other Minor Adjustments (0.020) Total Alterations to Other Capital Works 0.763 Alterations 2024/25 to 2025/26 5.256 A review of the timescale for delivery of capital projects has identified a requirement to re-profile (£3.738m) of works for delivery in 2026/27 and beyond, including: Project Amount £ million Acquisition House Open Market (1.110) Ayrshire Central Site (0.857) Montgomerie Park (0.303) Nelson Street Regeneration (0.135) Other Minor Movements (0.029) Total Alterations to New Builds (2.434) Energy Efficiency (1.073) Total Alterations to Stock Improvements (1.073) Sheltered Housing Units (0.171) Estate Based Regeneration (0.060) Total Alterations to Other Capital Works (0.231) Alterations 2025/26 to 2026/27 (3.738) This has been partly offset by the acceleration of £1.073m of project expenditure for delivery during 2025/26, including: Project Amount £ million HRA Acceleration 1.073 Total Alterations to Existing Stock 1.073 Alterations 2026/27 to 2025/26 1.073 2.14 These adjustments have resulted in a revised 2025/26 budget at 30 June 2025 of £48.592m.
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2.15 The impact on budgeted funding is an increase of £2.591m from the approved budget which will be met from increased prudential borrowing. 2.16 Projected Capital Expenditure to 31 March 2026 The projections are summarised in the following table: Service / Category Approved Budget 2025/26 £ million Carry Forwards and Adjustments £ million Revised Budget 2025/26 £ million Projected Expenditure / Income to 31 March 2026 £ million Projected Variance Over / (Under) £ million Housing Revenue Account 46.001 2.591 48.592 48.018 (0.574) Total Expenditure 46.001 2.591 48.592 48.018 (0.574) CFCR (8.349) - (8.349) (8.349) - Capital Grants (10.104) - (10.104) (10.104) Use of Reserves (0.722) - (0.722) (0.722) - Affordable Housing Contribution (0.721) - (0.721) (0.721) - Prudential Borrowing (26.105) (2.591) (28.696) (28.122) 0.574 Total Income (46.001) (2.591) (48.592) (48.018) 0.574 2.17 A net underspend of (£0.574m) is projected within the HRA capital programme for 2025/26 arising from revisions to a number of projects, including: Project Variance £ million Comments Laburnum Avenue (0.321) Project complete Bathrooms (0.222) Lower numbers projected Kitchens 0.073 Increased numbers projected EWI (0.104) Lower costs per unit projected Total Variance (0.574) 2.18 In addition to the adjustments noted above Appendix 2 highlights a proposed virement which is required to transfers budgets between Contingency and individual projects, aligning the budgets with the projected expenditure. 2.19 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 2.20 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 2025/26, approved by Council on the 26 February 2025. 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 2025/26 Approved Estimate £ million 2025/26 Revised Estimate £ million Movement £ million General Services Capital Financing Requirement 387.496 366.885 (20.611) HRA Capital Financing Requirement 224.461 218.507 (5.954) Total Loans Capital Financing Requirement 611.957 585.392 (26.565) Gross Borrowing 556.653 530.088 (26.565) Operational Boundary for Borrowing 625.593 599.516 (26.077) Authorised Limit for Borrowing 688.152 659.468 (28.684) Total Operational Boundary (incl. PPP/NPD) 704.183 678.106 (26.077) Total Authorised Limit (incl. PPP/NPD) 766.742 738.058 (28.684) Investments 30.000 30.000 0.000 2.21 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. 2.22 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. 2.23 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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2.24 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. 2.25 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 3.7% and 26.5% 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 5.8%, thereby demonstrating by comparison the prudent nature of the current borrowing policy. For the HRA, the Scottish average was 20.0%. 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 2025; and (ii) the forecast expenditure to 31 March 2026; (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 David Forbes, Senior Manager (Strategic Business Partner), on 01294 324551. Background Papers Capital Investment Programme 2025/26 to 2033/34 - Council 26 February 2025 Housing Revenue Account (HRA) Capital Investment Plan, Revenue Budget and Rent Levels for 2025/26 – Council 12 February 2025 Treasury Management and Investment Strategy 2025/26 – Council 26 February 2025
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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 2025/26 Brought / Carry Forward to 2026/27 Total Revised Budget 2025/26 Year to Date Budget 2025/26 Actual Expenditure to 30th June 2025 Year to date Variance 2025/26 Projected Expenditure to 31st March 2026 Actual Over/ (Under) Spend for 2025/26 True Over/ (Under) Spend £ £ £ £ £ £ £ £ £ £ £ £ £ EXPENDITURE Education Nursery Education 4,030,810 3,954,049 4,030,810 0 37,018 0 37,018 0 (39,743) (39,743) 37,018 0 0 Primary Schools 45,820,228 37,328,777 45,820,228 0 4,429,856 5,000 4,434,856 0 1,352,721 1,352,721 4,434,856 0 0 Secondary Schools 117,394,036 8,007,411 117,394,036 0 57,818,493 (34,000,499) 23,817,994 0 100,041 100,041 23,817,994 0 0 Schools Other 1,448,759 576,150 1,448,759 0 1,186,504 0 1,186,504 0 313,895 313,895 1,186,504 0 0 SUB TOTAL 168,693,833 49,866,387 168,693,833 0 63,471,871 (33,995,499) 29,476,372 0 1,726,915 1,726,915 29,476,372 0 0 Communities & Housing Information & Culture 535,970 235,033 535,970 0 529,407 0 529,407 0 228,471 228,471 529,407 0 0 Other Housing 350,000 0 350,000 0 350,000 0 350,000 0 0 0 350,000 0 0 SUB TOTAL 885,970 235,033 885,970 0 879,407 0 879,407 0 228,471 228,471 879,407 0 0 Corporate Services Council IT Strategy 8,797,380 3,386,057 8,797,380 0 702,265 0 702,265 0 9,742 9,742 702,265 0 0 SUB TOTAL 8,797,380 3,386,057 8,797,380 0 702,265 0 702,265 0 9,742 9,742 702,265 0 0 Health & Social Care Management & Support 1,027,855 864,270 1,027,855 0 292,709 0 292,709 0 129,125 129,125 292,709 0 0 Housing Non HRA 475,371 124,178 475,371 0 475,371 0 475,371 0 124,178 124,178 475,371 0 0 Adults 4,608,078 4,596,152 4,608,078 0 11,926 0 11,926 0 0 0 11,926 0 0 SUB TOTAL 6,111,303 5,584,600 6,111,303 0 780,006 0 780,006 0 253,303 253,303 780,006 0 0 Place Roads 108,028,111 67,770,689 108,024,866 (3,245) 28,077,296 0 28,077,296 0 385,685 385,685 28,074,051 (3,245) (3,245) Streetscene 4,859,014 2,734,093 4,859,014 0 1,981,509 0 1,981,509 0 61,280 61,280 1,981,509 0 0 Transport 8,413,634 1,296,554 8,413,634 0 4,842,133 0 4,842,133 0 1,175,053 1,175,053 4,842,133 0 0 Waste Services 13,321,491 13,272,542 13,321,491 0 0 0 0 0 0 0 0 0 0 Renewable Energy 15,513,598 14,066,301 15,513,598 0 2,138,105 0 2,138,105 0 690,808 690,808 2,138,105 0 0 Office Accommodation 1,711,965 4,948 1,711,965 0 1,555,343 0 1,555,343 0 4,948 4,948 1,555,343 0 0 Other Property 4,261,136 1,508,150 4,261,136 0 3,106,684 0 3,106,684 0 353,697 353,697 3,106,684 0 0 Economic Development & Regeneration 188,467,931 80,353,343 188,463,153 (4,778) 48,150,718 (16,105,630) 32,045,088 0 3,848,792 3,848,792 32,040,310 (4,778) (4,778) Completed Projects 6,355,262 6,329,993 6,355,262 0 24,269 0 24,269 0 (1,000) (1,000) 24,269 0 0 SUB TOTAL 350,932,143 187,336,612 350,924,120 (8,023) 89,876,057 (16,105,630) 73,770,427 0 6,519,263 6,519,263 73,762,404 (8,023) (8,023) Other Other 15,173,382 0 16,717,025 1,543,643 457,357 1,543,643 2,001,000 0 0 0 2,001,000 0 0 SUB TOTAL 15,173,382 0 16,717,025 1,543,643 457,357 1,543,643 2,001,000 0 0 0 2,001,000 0 0 Total Project Expenditure 550,594,011 246,408,690 552,129,631 1,535,620 156,166,963 (48,557,486) 107,609,477 0 8,737,694 8,737,694 107,601,454 (8,023) (8,023) Total Project Income (156,166,963) 48,557,486 (107,609,477) (9,478,167) (9,478,167) 0 (107,601,454) 8,023 8,023 Total Net Expenditure 0 0 0 (9,478,167) (740,473) 8,737,694 0 0 0 On Target (+0.5% of budget) On Target (up to 5% delay of original timescales) Slightly off target (+ 0.5% to 2% of budget, or £0.125m, whichever is less) Slightly off target (+ 5% to 10% of original timescales) Significantly off target (+2% or more of budget, or £0.500m, whichever is less) Significantly off target (+10% or more of original timescales) The following classifications have been used to highlight financial performance against budget CURRENT YEAR 2025/26 North Ayrshire Council Capital Statement 2025/26 Year Ended 31st March 2026 Period 3 The following classifications have been used to highlight delivery performance against original timescales set # OFFICIAL INFORMATION
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OFFICIAL INFORMATION# Revised Budget 25/26 Variance £ £ £ £ £ £ £ £ £ CAPITAL BORROWING Prudential Borrowing 54,463,198 16,882,663 2,656,651 74,002,512 18,974,154 92,976,666 53,135,976 (39,840,690) SUB TOTAL 54,463,198 16,882,663 2,656,651 74,002,512 18,974,154 0 92,976,666 0 53,135,976 (39,840,690) SCOTTISH GOVERNMENT FUNDING Specific Capital Grants Active Travel Tier 1 582,000 582,000 (582,000) 0 0 0 0 Local Authority Direct Award 41,337 41,337 0 41,337 0 Vacant & Derelict Land Funding 3,397,568 238,809 358,499 3,994,876 0 3,994,876 2,433,875 3,994,876 0 Scottish Government Grant - AGD i3 Flexible Space Ph 1 4,762,045 (131,988) 4,630,057 0 4,630,057 0 4,630,057 0 Scottish Government Grant - AGD Great Harbour 2,737,842 (29,141) 451,870 3,160,571 0 3,160,571 0 3,913,099 752,528 Scottish Government Grant - AGD Marine Tourism Ardrossan 275,717 275,717 0 275,717 0 275,717 0 Scottish Government Grant - AGD Marine Tourism Cumbrae 470,781 470,781 0 470,781 0 470,781 0 Millport Town Hall Phase 2 0 26,469 26,469 0 26,469 26,470 26,469 0 Garrison House Project 0 325,698 325,698 0 325,698 325,698 325,698 0 Ardrossan Promenade 0 1,307 1,307 0 1,307 1,306 1,307 0 Islands Pit Stops 0 67,540 440,000 507,540 0 507,540 507,540 507,540 0 Place Based Investment Programme 316,043 136,857 251,385 704,285 0 704,285 704,286 704,285 0 UK Shared Prosperity Fund 576,535 576,535 0 576,535 576,535 576,535 0 UK Government Grant - B714 Improvements 17,553,389 (229,290) 17,324,099 0 17,324,099 0 17,324,099 0 UK Government Ayrshire 5GIR 0 281,711 281,711 175,000 456,711 456,711 456,711 0 UK Government - LUF3 Funding 0 0 17,456,820 17,456,820 1,920,510 7,979,473 (9,477,347) Capital Grants Flooding (2,206,000) (2,206,000) 0 (2,206,000) 0 (2,206,000) 0 General Capital Grant 10,573,000 (454,000) 10,119,000 2,179,000 12,298,000 2,586,501 12,298,000 0 SUB TOTAL 39,038,920 687,972 1,047,754 40,774,646 19,270,157 0 60,044,803 9,539,431 51,319,984 (8,724,819) OTHER INCOME TO PROGRAMME Use of Funds :- Capital Fund 703,707 0 (703,707) 0 0 0 0 0 0 0 CFCR 0 0 0 0 0 0 0 0 0 0 Grants & Contributions 101,099 99,437 85,000 285,536 513,162 0 798,698 (264,460) 798,698 0 Capital Receipts 1,500,000 837,950 0 2,337,950 8,846 0 2,346,796 203,196 2,346,796 0 SUB TOTAL 2,304,806 937,387 (618,707) 2,623,486 522,008 0 3,145,494 -61,264 3,145,494 0 TOTAL CAPITAL PROGRAMME FUNDING 95,806,924 18,508,022 3,085,698 117,400,644 38,766,319 0 156,166,963 9,478,167 107,601,454 (48,565,509) Approved Budget at Cabinet Feb 2025 Capital Programme Funding 2025/26 Projected Income to 31st March 2026 Approved budget at Period 1 used as revised starting point 2025/26 Actual Income to 30th June 2025Funding Description Carry Forward from 2024/25 Changes after Capital Refresh Feb 2025 Total Changes in Year Changes at Capital Refresh Feb 2026 # OFFICIAL INFORMATION
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OFFICIAL INFORMATION# EDUCATION Total Project Budget Cumulative Expenditure to date Total Project Forecast Projected Over/ (Under) Spend Total Revised Budget 2025/26 Actual Expenditure to 30th June 2025 Projected Expenditure to 31 March 2026 Actual Over/ (Under) Spend for 2025/26 True Over/(Under) Spend Brought / Carry Forward to 2026/27 Delivery Status Financial Delivery Status Physical £ £ £ £ £ £ £ £ £ £ Nursery Education Early Years Programme MARRESS HOUSE 4,030,810 3,954,049 4,030,810 0 37,018 (39,743) 37,018 0 0 Complete Complete Total Nursery Education 4,030,810 3,954,049 4,030,810 0 37,018 (39,743) 37,018 0 0 0 Primary Schools MOORPARK PRIMARY 14,387,783 14,407,464 14,387,783 0 1,639,816 1,659,497 1,639,816 0 0 Complete Complete MONTGOMERIE PARK SCHOOL 23,448,999 21,846,397 23,448,999 0 1,302,286 (300,316) 1,302,286 0 0 Complete Complete FAIRLIE PRIMARY SCHOOL 226,444 5,000 226,444 0 96,444 0 96,444 0 0 On Target On Target UNIVERSAL FREE SCHOOL MEALS EXPANSION 522,375 0 522,375 0 300,503 0 300,503 0 0 On Target On Target UFSM ARDEER PRIMARY SCHOOL 18,117 16,548 18,117 0 2,078 509 2,078 0 0 Complete Complete UFSM CORSEHILL PRIMARY SCHOOL 165,691 134,213 165,691 0 28,476 (3,002) 28,476 0 0 Complete Complete UFSM GARNOCK COMMUNITY CAMPUS 54,159 52,973 54,159 0 154 (1,033) 154 0 0 Complete Complete UFSM GLEBE PRIMARY SCHOOL 2,046,397 7,528 2,046,397 0 (5,000) 0 0 5,000 5,000 On Target On Target UFSM GLENCAIRN PRIMARY SCHOOL 12,093 10,256 12,093 0 1,673 (164) 1,673 0 0 Complete Complete UFSM HAYOCKS PRIMARY SCHOOL 114,056 91,168 114,056 0 21,013 (1,875) 21,013 0 0 Complete Complete UFSM KILMORY PRIMARY SCHOOL 65,654 57,473 65,654 0 8,181 0 8,181 0 0 Complete Complete UFSM LOUDOUN-MONTGOMERY PRIMARY SCHOOL 2,082,541 51,632 2,082,541 0 958,116 170 958,116 0 0 On Target On Target UFSM PENNYBURN PRIMARY SCHOOL 12,000 9,523 12,000 0 2,329 (148) 2,329 0 0 Complete Complete UFSM WEST KILBRIDE PRIMARY SCHOOL 2,252,504 231,779 2,252,504 0 70,111 0 70,111 0 0 On Target On Target UFSM WHITEHIRST PARK PRIMARY 56,212 51,619 56,212 0 3,676 (918) 3,676 0 0 Complete Complete Total Primary Education 45,820,228 37,328,777 45,820,228 0 4,429,856 1,352,721 4,434,856 5,000 0 5,000 Secondary Schools KILWINNING LEARNING ENVIRONMENT 2,805,436 2,768,507 2,805,436 0 37,849 920 37,849 0 0 Complete Complete ARDROSSAN NEW BUILD 114,588,600 5,238,904 114,588,600 0 57,780,644 99,121 23,780,145 (34,000,499) (34,000,499) On Target On Target Total Secondary Education 117,394,036 8,007,411 117,394,036 0 57,818,493 100,041 23,817,994 (34,000,499) 0 (34,000,499) Schools Other CO2 MONITORS IN SCHOOLS 298,000 262,255 298,000 0 35,745 0 35,745 0 0 On Target On Target SCHOOLS ICT INVESTMENT * 1,150,759 313,895 1,150,759 0 1,150,759 313,895 1,150,759 0 0 On Target On Target Total Schools Other 1,448,759 576,150 1,448,759 0 1,186,504 313,895 1,186,504 0 0 0 Total Education 168,693,833 49,866,387 168,693,833 0 63,471,871 1,726,915 29,476,372 (33,995,499) 0 (33,995,499) CAPITAL MONITORING 2025/26 CommentsProject Description TOTAL PROJECT DELIVERY STATUS2025/26 BUDGETS # OFFICIAL INFORMATION
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OFFICIAL INFORMATION# COMMUNITIES & HOUSING Total Project Budget Cumulative Expenditure to date Total Project Forecast Projected Over/ (Under) Spend Total Revised Budget 2025/26 Actual Expenditure to 30th June 2025 Projected Expenditure to 31 March 2026 Actual Over/ (Under) Spend for 2025/26 True Over/(Under) Spend Brought / Carry Forward to 2026/27 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 ABBEY TOWER 73,807 6,563 73,807 0 67,244 0 67,244 0 0 On Target On Target BRODICK TENNIS COURTS 98,162 0 98,162 0 98,162 0 98,162 0 0 On Target On Target GARRISON HOUSE PROJECT 325,698 228,471 325,698 0 325,698 228,471 325,698 0 0 On Target On Target Total Information & Cultural 535,970 235,033 535,970 0 529,407 228,471 529,407 0 0 0 Other Housing CCTV REVIEW 350,000 0 350,000 0 350,000 0 350,000 0 0 On Target On Target Total Other Housing 350,000 0 350,000 0 350,000 0 350,000 0 0 0 Total Communities & Housing 885,970 235,033 885,970 0 879,407 228,471 879,407 0 0 0 Comments CAPITAL MONITORING 2025/26 Project Description TOTAL PROJECT 2025/26 BUDGETS DELIVERY STATUS # OFFICIAL INFORMATION
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OFFICIAL INFORMATION# CORPORATE SERVICES Total Project Budget Cumulative Expenditure to date Total Project Forecast Projected Over/ (Under) Spend Total Revised Budget 2025/26 Actual Expenditure to 30th June 2025 Projected Expenditure to 31 March 2026 Actual Over/ (Under) Spend for 2025/26 True Over/(Under) Spend Brought / Carry Forward to 2026/27 Delivery Status Financial Delivery Status Physical £ £ £ £ £ £ £ £ £ £ Council IT Strategy ICT INVESTMENT FUND 4,065,581 1,516,649 4,065,581 0 484,858 4,726 484,858 0 0 On Target On Target TELEPHONY 1,146,693 284,302 1,146,693 0 217,407 5,016 217,407 0 0 On Target On Target Total IT Strategy 8,797,380 3,386,057 8,797,380 0 702,265 9,742 702,265 0 0 0 Total Corporate Services 8,797,380 3,386,057 8,797,380 0 702,265 9,742 702,265 0 0 0 CAPITAL MONITORING 2025/26 CommentsProject Description TOTAL PROJECT DELIVERY STATUS2025/26 BUDGETS # OFFICIAL INFORMATION
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OFFICIAL INFORMATION# HEALTH & SOCIAL CARE Total Project Budget Cumulative Expenditure to date Total Project Forecast Projected Over/ (Under) Spend Total Revised Budget 2025/26 Actual Expenditure to 30th June 2025 Projected Expenditure to 31 March 2026 Actual Over/ (Under) Spend for 2025/26 True Over/(Under) Spend Brought / Carry Forward to 2026/27 Delivery Status Financial Delivery Status Physical £ £ £ £ £ £ £ £ £ £ Management & Support CAREFIRST REPLACEMENT 536,058 382,993 536,058 0 292,709 139,644 292,709 0 0 On Target On Target 47 WEST ROAD 491,797 481,277 491,797 0 0 (10,520) 0 0 0 Complete Complete Total Management & Support 1,027,855 864,270 1,027,855 0 292,709 129,125 292,709 0 0 0 Housing Non HRA IMPROVEMENT GRANTS * 475,371 124,178 475,371 0 475,371 124,178 475,371 0 0 On Target On Target Total Housing Non HRA 475,371 124,178 475,371 0 475,371 124,178 475,371 0 0 0 Adults TRINDLEMOSS 4,608,078 4,596,152 4,608,078 0 11,926 0 11,926 0 0 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 6,111,303 5,584,600 6,111,303 0 780,006 253,303 780,006 0 0 0 CAPITAL MONITORING 2025/26 2025/26 BUDGETSTOTAL PROJECT CommentsProject Description DELIVERY STATUS # OFFICIAL INFORMATION
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OFFICIAL INFORMATION# PLACE Total Project Budget Cumulative Expenditure to date Total Project Forecast Projected Over/ (Under) Spend Total Revised Budget 2025/26 Actual Expenditure to 30th June 2025 Projected Expenditure to 31 March 2026 Actual Over/ (Under) Spend for 2025/26 True Over/(Under) Spend Brought / Carry Forward to 2026/27 Delivery Status Financial Delivery Status Physical £ £ £ £ £ £ £ £ £ £ Roads ROADS IMPROVE/RECONSTRUCTION * 3,742,817 190,758 3,742,817 0 3,742,817 190,758 3,742,817 0 0 On Target On Target ROAD SAFETY IMPROVEMENT FUND 0 (4,100) 0 0 0 (4,100) 0 0 0 Complete Complete PANEL REINSTATEMENT WORKS 40,189 0 40,189 0 40,189 0 40,189 0 0 On Target On Target ROADS REMEDIATION WORKS 39,651 0 39,651 0 39,651 0 39,651 0 0 On Target On Target TRAFFIC CALMING 175,000 0 175,000 0 82,953 0 82,953 0 0 On Target On Target DOCKHEAD STREET SALTCOATS 100,000 0 100,000 0 100,000 0 100,000 0 0 On Target On Target LIGHTING * 1,268,076 29,867 1,268,076 0 1,268,076 29,867 1,268,076 0 0 On Target On Target UPPER GARNOCK FPS 18,503,801 18,373,750 18,503,801 0 130,051 0 130,051 0 0 Complete Complete MILLPORT COASTAL FPS 42,295,797 40,811,166 42,295,797 0 1,485,849 1,218 1,485,849 0 0 Complete Complete MILLBURN FPS 3,007,000 393,928 3,007,000 0 2,633,386 20,314 2,633,386 0 0 On Target On Target MILLPORT PIER 1,350,000 150,080 1,350,000 0 214,960 0 214,960 0 0 On Target On Target BRIDGES INFRASTRUCTURE PROG * 654,939 158,264 654,939 0 654,939 158,264 654,939 0 0 On Target On Target LARGS PROMENADE SEAWALL 4,701,727 4,592,307 4,698,482 (3,245) 9,826 (99,595) 6,581 (3,245) (3,245) 0 Complete Complete COASTAL ADAPTATIONS 299,000 14,928 299,000 0 299,000 14,928 299,000 0 0 On Target On Target B714 UPGRADE 31,693,443 2,975,139 31,693,443 0 17,298,951 69,452 17,298,951 0 0 On Target On Target PARKING CHARGES & DPE 156,673 84,604 156,673 0 76,648 4,579 76,648 0 0 On Target On Target Total Roads 108,028,111 67,770,689 108,024,866 (3,245) 28,077,296 385,685 28,074,051 (3,245) (3,245) 0 Streetscene CEMETERY EXTNS, WALLS & INFRA * 433,770 0 433,770 0 229,078 0 229,078 0 0 Holding Code Holding Code CMTY, STEV HIGH ROAD - WORKS 519,644 518,144 519,644 0 0 (1,500) 0 0 0 Complete Complete CMTY, KILBIRNIE - WALLS 136,138 116,274 136,138 0 17,163 (2,701) 17,163 0 0 Complete Complete CMTY, BEITH - WALLS 185,581 158,108 185,581 0 23,946 (3,528) 23,946 0 0 Complete Complete CMTY, ABBEY TOWER - WALLS 132,690 121,873 132,690 0 10,817 0 10,817 0 0 Complete Complete CMTY, STEV HAWKHILL - WALLS 136,840 85,379 136,840 0 51,461 0 51,461 0 0 Complete Complete CMTY, WEST KILBRIDE - WALLS 100,865 96,205 100,865 0 26,060 21,400 26,060 0 0 On Target On Target CMTY, DREGHORN - WALLS 13,551 19,227 13,551 0 0 5,676 0 0 0 On Target On Target CMTY, STEV HIGH KIRK - WORKS 24,732 24,732 24,732 0 28 28 28 0 0 On Target On Target CMTY, KILBIRNIE - NEW 1,501,663 135,029 1,501,663 0 1,373,155 6,522 1,373,155 0 0 On Target On Target CMTY, NEW STREET STEV - WALLS 0 2,030 0 0 0 2,030 0 0 0 Complete Complete STREET FURNITURE IMPROVEMENT 223,350 225,511 223,350 0 424 2,585 424 0 0 On Target On Target PARK ENABLING WORKS 149,895 149,415 149,895 0 2,180 1,700 2,180 0 0 On Target On Target RENEWAL OF PLAY PARKS 833,000 614,871 833,000 0 247,197 29,068 247,197 0 0 On Target On Target Total Streetscene 4,859,014 2,734,093 4,859,014 0 1,981,509 61,280 1,981,509 0 0 0 Transport VEHICLES * 2,926,666 1,158,540 2,926,666 0 2,926,666 1,158,540 2,926,666 0 0 On Target On Target FLEET DECARBONISATION 5,486,968 138,014 5,486,968 0 1,915,467 16,513 1,915,467 0 0 On Target On Target Total Transport 8,413,634 1,296,554 8,413,634 0 4,842,133 1,175,053 4,842,133 0 0 0 Renewable Energy SOLAR PV INVESTMENT - NETHERMAINS 7,889,153 7,519,193 7,889,153 0 485,896 115,936 485,896 0 0 On Target On Target SOLAR PV INVESTMENT - SHEWALTON 5,913,443 5,421,118 5,913,443 0 1,023,282 530,956 1,023,282 0 0 On Target On Target NON DOMESTIC ENERGY EFFICIENCY PROGRAMME 1,000,001 960,442 1,000,001 0 45,951 6,392 45,951 0 0 On Target On Target NATURE RESTORATION FUND 711,001 165,548 711,001 0 582,976 37,524 582,976 0 0 On Target On Target Total Renewable Energy 15,513,598 14,066,301 15,513,598 0 2,138,105 690,808 2,138,105 0 0 0 Comments CAPITAL MONITORING 2025/26 Project Description TOTAL PROJECT 2025/26 BUDGETS DELIVERY STATUS # OFFICIAL INFORMATION
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OFFICIAL INFORMATION# PLACE Total Project Budget Cumulative Expenditure to date Total Project Forecast Projected Over/ (Under) Spend Total Revised Budget 2025/26 Actual Expenditure to 30th June 2025 Projected Expenditure to 31 March 2026 Actual Over/ (Under) Spend for 2025/26 True Over/(Under) Spend Brought / Carry Forward to 2026/27 Delivery Status Financial Delivery Status Physical Comments CAPITAL MONITORING 2025/26 Project Description TOTAL PROJECT 2025/26 BUDGETS DELIVERY STATUS Office Accommodation PROPERTY LIFECYCLE INVESTMENT * 224,437 0 224,437 0 224,437 0 224,437 0 0 On Target On Target PLI CASTLEVIEW DAY SERVICES 0 (1) 0 0 0 (1) 0 0 0 Complete Complete PLI GOLDCRAIGS DEPOT 157,907 (5,624) 157,907 0 1,285 (5,624) 1,285 0 0 On Target On Target PLI CALEDONIA PRIMARY 670,765 2,628 670,765 0 670,765 2,628 670,765 0 0 On Target On Target PLI FAIRLIE PRIMARY SCHOOL 7,375 7,531 7,375 0 7,375 7,531 7,375 0 0 Complete Complete PLI HAYOCKS PRIMARY SCHOOL 379,614 5,536 379,614 0 379,614 5,536 379,614 0 0 On Target On Target PLI PENNYBURN PRIMARY 0 (3,727) 0 0 0 (3,727) 0 0 0 Complete Complete PLI SKELMORLIE PRIMARY SCHOOL 7,200 (7,708) 7,200 0 7,200 (7,708) 7,200 0 0 Complete Complete PLI ST LUKES PRIMARY SCHOOL 21,500 0 21,500 0 21,500 0 21,500 0 0 On Target On Target PLI ST WINNINGS PRIMARY SCHOOL 27,500 0 27,500 0 27,500 0 27,500 0 0 On Target On Target PLI WEST KILBRIDE PRIMARY SCHOOL 100,000 0 100,000 0 100,000 0 100,000 0 0 On Target On Target PLI ARDROSSAN ACADEMY 52,872 1,133 52,872 0 52,872 1,133 52,872 0 0 Complete Complete PLI ARRAN OUTDOOR CENTRE 0 5,181 0 0 0 5,181 0 0 0 Complete Complete PLI THE PORTAL 50,000 0 50,000 0 50,000 0 50,000 0 0 On Target On Target PLI IRVINE WASTE TRANSFER 12,795 0 12,795 0 12,795 0 12,795 0 0 Complete Complete Total Office Accommodation 1,711,965 4,948 1,711,965 0 1,555,343 4,948 1,555,343 0 0 0 Other Property LOCALITY BASED PROPERTY REVIEW 334,606 0 334,606 0 334,606 0 334,606 0 0 On Target On Target LBPR STEVENSTON COMPLEX 189,250 4,250 189,250 0 185,000 0 185,000 0 0 On Target On Target LBPR BRIDGEGATE HOUSE 1,975 2,172 1,975 0 0 197 0 0 0 Complete Complete LBPR CUNNINGHAME HOUSE 238,000 66,357 238,000 0 180,447 8,804 180,447 0 0 On Target On Target LBPR CUNNINGHAME HOUSE GRD EAST/4TH WEST 1,248,118 83,866 1,248,118 0 1,164,752 500 1,164,752 0 0 On Target On Target LBPR CUNNINGHAME HOUSE GRD WEST 164,090 169,689 164,090 0 0 5,599 0 0 0 Complete Complete LBPR - THE TOWNHOUSE 25,000 3,580 25,000 0 21,420 0 21,420 0 0 On Target On Target LBPR THE CIRCUIT 245,039 23,697 245,039 0 224,091 2,749 224,091 0 0 On Target On Target EMERGENCY CONTROL CTR 158,000 150,735 158,000 0 3,111 (4,154) 3,111 0 0 Complete Complete GOLDCRAIGS REFURBISHMENT 1,163,495 535,817 1,163,495 0 969,738 342,059 969,738 0 0 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 Total Property 4,261,136 1,508,150 4,261,136 0 3,106,684 353,697 3,106,684 0 0 0 # OFFICIAL INFORMATION
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OFFICIAL INFORMATION# PLACE Total Project Budget Cumulative Expenditure to date Total Project Forecast Projected Over/ (Under) Spend Total Revised Budget 2025/26 Actual Expenditure to 30th June 2025 Projected Expenditure to 31 March 2026 Actual Over/ (Under) Spend for 2025/26 True Over/(Under) Spend Brought / Carry Forward to 2026/27 Delivery Status Financial Delivery Status Physical Comments CAPITAL MONITORING 2025/26 Project Description TOTAL PROJECT 2025/26 BUDGETS DELIVERY STATUS Regeneration REPURPOSING PROPERTY GRANT FUND 411,649 896 411,649 0 410,969 216 410,969 0 0 On Target On Target MILLPORT TOWN HALL PHASE 2 58,129 (94,837) 58,129 0 58,129 (94,837) 58,129 0 0 On Target Significantly off target Community led regeneration project by Millport Town Hall Charity. Project has been delayed due to challenges with contractor and work needing redone as did not met a satisfactory standard. Regeneration team continues to support MTHC in the delivery of the project. ISLANDS PIT STOPS 507,540 14,180 507,540 0 507,540 14,180 507,540 0 0 On Target On Target PLACE BASED INVESTMENT PROGRAMME (PBIP) 269,595 37,327 269,595 0 238,818 6,550 238,818 0 0 On Target On Target UK SHARED PROSPERITY FUND (SPF) 576,535 0 576,535 0 576,535 0 576,535 0 0 On Target On Target AYRSHIRE 5GIR 3,966,000 3,510,627 3,966,000 0 456,711 1,338 456,711 0 0 On Target On Target PBIP – KILWINNING ABBEY IMPROVEMENTS 264,559 356 264,559 0 264,203 0 264,203 0 0 On Target On Target LOCHSHORE HUB PLAY AREA 355,000 287,038 355,000 0 13,265 (11,716) 13,265 0 0 Complete Complete PBIP 36 BANK STREET 139,999 120,162 139,999 0 19,837 0 19,837 0 0 On Target On Target PBIP GALT HOUSE 50,000 49,444 50,000 0 8,884 8,328 8,884 0 0 Complete Complete IRVINE HIGH STREET 2,837,315 2,723,017 2,837,315 0 99,298 (15,000) 99,298 0 0 Complete Complete MILLPORT CARS 10,993 0 10,993 0 10,993 0 10,993 0 0 Complete Complete MONTGOMERIE PARK MASTERPLAN 4,218,597 1,892,410 4,218,597 0 282,207 21,020 282,207 0 0 On Target On Target LOCHSHORE, KILBIRNIE 2,303,956 2,003,139 2,303,956 0 318,900 18,082 318,900 0 0 On Target On Target LOCHSHORE GARNOCK HUB 4,145,999 4,098,569 4,145,999 0 47,430 0 47,430 0 0 Complete Complete VDLF - KYLE ROAD PHASE 2 3,507,516 149,305 3,507,516 0 3,358,361 150 2,723,637 (634,724) (634,724) On Target On Target VDLF - ANNICKBANK PH 3 2,198,996 1,941,684 2,198,996 0 260,465 3,153 260,465 0 0 Complete Complete LUF3 - ANNICKBANK 5,949,602 80,095 5,949,602 0 5,869,507 0 3,616,969 (2,252,538) (2,252,538) On Target On Target VDLF - DEVELOPMENT WORK 228,041 96,467 228,041 0 134,574 3,000 134,574 0 0 On Target On Target VDLF - TREE PLANTING 50,000 2,400 50,000 0 47,600 0 47,600 0 0 On Target On Target MONTGOMERIE PARK NEIGHBOURHOOD CTR 260,384 179,307 260,384 0 81,077 0 81,077 0 0 On Target On Target VDLF STALLED SPACES FUND 113,000 0 113,000 0 113,000 0 113,000 0 0 On Target On Target LOCHSHORE GARDEN/ACTIVITY HUB 650,000 0 650,000 0 650,000 0 650,000 0 0 On Target On Target NORTH SHORE RESIDENTIAL 150,000 0 150,000 0 150,000 0 150,000 0 0 On Target On Target QUARRY ROAD PHASE 2 5,209,497 5,204,719 5,204,719 (4,778) 4,778 0 0 (4,778) (4,778) 0 Complete Complete ACTIVE TRAVEL TIER 1 983,927 2,974,434 983,927 0 983,927 43,486 983,927 0 0 On Target On Target ACCESS PATH NETWORK PROGRAMME * 516,760 649 516,760 0 516,760 649 516,760 0 0 On Target On Target LOCAL AUTHORITY DIRECT AWARD 41,337 0 41,337 0 41,337 0 41,337 0 0 On Target On Target RTPI - NORTH COAST AND GARNOCK VALLEY 200,000 0 200,000 0 200,000 0 200,000 0 0 On Target On Target FAIRLIE COASTAL PATH 0 (12,091) 0 0 0 (12,091) 0 0 0 Complete Complete ARDROSSAN PROMENADE 1,307 767,272 1,307 0 1,307 (19,422) 1,307 0 0 Complete Complete LONG DRIVE 956,620 1,500 956,620 0 956,620 1,500 956,620 0 0 On Target On Target RIVERSIDE WAY 867,180 0 867,180 0 867,180 0 867,180 0 0 On Target On Target STRATEGIC INVESTMENT ROUTE 2,386,826 900 2,386,826 0 2,386,826 900 928,000 (1,458,826) (1,458,826) On Target On Target HEATHERHOUSE ROAD 1,073,678 0 1,073,678 0 1,073,678 0 1,073,678 0 0 On Target On Target HEATHERHOUSE JUNCTION 475,000 0 475,000 0 475,000 0 50,000 (425,000) (425,000) On Target On Target Total Regeneration 46,257,207 26,350,639 46,252,429 (4,778) 21,485,716 (30,514) 16,709,850 (4,775,866) (4,778) (4,771,088) # OFFICIAL INFORMATION
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OFFICIAL INFORMATION# PLACE Total Project Budget Cumulative Expenditure to date Total Project Forecast Projected Over/ (Under) Spend Total Revised Budget 2025/26 Actual Expenditure to 30th June 2025 Projected Expenditure to 31 March 2026 Actual Over/ (Under) Spend for 2025/26 True Over/(Under) Spend Brought / Carry Forward to 2026/27 Delivery Status Financial Delivery Status Physical Comments CAPITAL MONITORING 2025/26 Project Description TOTAL PROJECT 2025/26 BUDGETS DELIVERY STATUS Ayrshire Growth Deal AGD - I3 DPMC PHASE 1 1,000,000 272,689 1,000,000 0 727,311 0 727,311 0 0 On Target On Target AGD - I3 DPMC PHASE 2 5,000,000 318,685 5,000,000 0 55,017 4,318 50,000 (5,017) (5,017) On Target On Target AGD - I3 FLEXIBLE BUSINESS SPACE PHASE 1 4,855,546 4,790,244 4,855,546 0 10,645 (54,656) 10,645 0 0 Complete Complete AGD - I3 FLEXIBLE BUSINESS SPACE PHASE 2 15,568,282 360,008 15,568,282 0 10,133,375 4,359 139,304 (9,994,071) (9,994,071) On Target On Target AGD - HUNTERSTON - CENTRE OF LOW CARBON ENERGY & CIRCULAR ECONOMY 18,040,000 272,570 18,040,000 0 393,289 4,838 350,000 (43,289) (43,289) On Target On Target AGD - GREAT HARBOUR 14,461,352 2,271,903 14,461,352 0 5,354,588 761,075 4,504,020 (850,568) (850,568) On Target On Target AGD - IMSE 10,500,000 184,283 10,500,000 0 503,906 9,676 200,000 (303,906) (303,906) On Target On Target AGD - MARINE TOURISM ARRAN 2,059,242 217,911 2,059,242 0 54,052 11,150 49,000 (5,052) (5,052) On Target On Target AGD - MARINE TOURISM CUMBRAE 4,783,528 235,578 4,783,528 0 323,639 29,193 191,000 (132,639) (132,639) On Target On Target Total Ayrshire Growth Deal 79,043,664 9,199,588 79,043,664 0 17,555,822 769,952 6,221,280 (11,334,542) 0 (11,334,542) Growth & Investment ARDROSSAN HARBOUR INTERCHANGE 4,127,113 604,059 4,127,113 0 3,524,633 1,579 3,524,633 0 0 On Target On Hold IRVINE ENTERPRISE AREA 10,736,892 0 10,736,892 0 103,079 0 103,079 0 0 On Target On Target ARDROSSAN NORTH SHORE 47,866,143 43,785,794 47,866,143 0 5,456,598 3,106,553 5,456,598 0 0 On Target On Target VDLF - HARBOUR MASTERS OFFICE 158,740 156,242 158,740 0 3,720 1,222 3,720 0 0 Complete Complete VDLF - I3 IRVINE ENTERPRISE 278,170 257,020 278,170 0 21,150 0 21,150 0 0 On Target On Target Other Growth & Investment 63,167,059 44,803,117 63,167,059 0 9,109,180 3,109,355 9,109,180 0 0 0 Total Economic Development & Regeneration 188,467,931 80,353,343 188,463,153 (4,778) 48,150,718 3,848,792 32,040,310 (16,110,408) (4,778) (16,105,630) Completed Projects BIOMASS RETROFIT PROGRAMME 3,378,163 3,377,163 3,378,163 0 0 (1,000) 0 0 0 Complete Complete QUARRY ROAD PHASE 1 2,977,098 2,952,829 2,977,098 0 24,269 0 24,269 0 0 Complete Complete Total Completed Projects 6,355,262 6,329,993 6,355,262 0 24,269 (1,000) 24,269 0 0 0 Total Place 350,932,143 187,336,612 350,924,120 (8,023) 89,876,057 6,519,263 73,762,404 (16,113,653) (8,023) (16,105,630) # 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 2024/25 Actual Expenditure to 30th June 2025 Projected Expenditure to 31 March 2025 Over/ (Under) Spend for 24/25 £ £ £ £ £ £ £ £ FLEXIBILITY / IMPROVEMENT FUND 15,173,382 0 16,717,025 1,543,643 (1,543,643) 0 0 1,543,643 CORE INFRASTRUCTURE INVESTMENT 2,001,000 0 2,001,000 0 2,001,000 0 2,001,000 0 Total Other Budgets 17,174,382 0 18,718,025 1,543,643 457,357 0 2,001,000 1,543,643 2025/26 BUDGETS CommentsProject Description TOTAL PROJECT # OFFICIAL INFORMATION
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OFFICIAL INFORMATION# HRA Capital Statement 2526 Appendix 2 TOTAL PROJECT CURRENT YEAR 2025/26 - Period 2 Project Description Total Project Budget Cumulative Expenditure to date Total Project Forecast Projected Over/ (Under) Spend Total Revised Budget 2025/26 Actual Expenditure to 31 May 2025 P2 Projection Virement Request Carry /Brought Forward to /From 2025/26 True Over/ (Under) Spend Delivery Status Financial Delivery Status Physical Narrative EXPENDITURE Council House Building Afton Court 1,335,654 1,249,897 1,249,898 (85,756) 0 Complete Complete Complete, project contingency not required. Ayrshire Central Site 51,235,455 8,395,068 51,235,455 0 19,146,122 860,719 18,289,439 (856,683) On Target On Target Works are progressing well on site. First handover due Spring 2026. There has been a slight delay to works on site due to the extent of ground water that required to be removed prior to the installation of the main line drainage. Bourtreehill Village 9,924,743 309,930 9,924,743 0 158,213 60,455 128,176 (30,037) On Target On Target Demolition of Crofthead Court complete. Remaining budget carried forward. Corsehillhead 350,324 350,324 350,324 0 0 On Target On Target Flatt Road 20,178,000 19,709,075 19,709,046 (468,954) 0 Complete Complete Complete Friars Lawn 2,199,628 2,085,565 2,085,598 (114,030) 0 On Target Complete Complete Fullarton Street (High Flats) 12,073,511 65,649 12,073,511 0 69,998 2,017 70,000 2 On Target On Target Budget 2025/26 for statutory consents & consultancy fees only. Garnock Academy Site 12,092,889 7,232,066 12,092,889 0 5,509,794 589,806 5,650,169 140,375 On Target On Target Works are progressing, delay due to installation of public utitilites, contractor working on revised programme. Overspend in relation to additional ground works required to pumping station. Budget virement proposed from contingency to meet these costs Garrier Court 2,335,551 2,414,910 2,348,027 12,476 0 On Target Complete Complete Harbourside 14,622,742 14,362,889 14,622,742 0 0 500 152,030 152,030 Complete Complete Complete James McFarlane Site 4,784,118 4,574,295 4,784,118 0 269,341 22,605 269,341 Complete Complete Complete - all properties occupied James Reid Site 1,268,114 1,267,613 1,268,114 0 501 501 On Target Significantly off target Project now forms part of the shadow programme. Kings Arms (113-115 High Street) 2,904,416 1,418,106 2,904,416 0 1,655,832 160,346 1,655,832 0 On Target On Target Works are due to complete Winter 25 Laburnum Ave/Newhouse Dr (Regen 1a&b) 3,274,506 2,711,161 2,953,449 (321,057) 578,148 214 257,091 (321,057) Complete Complete Complete - contingency budget was set aside but no longer required. Largs Police Station 2,769,301 2,759,059 2,769,301 0 0 1,258 1,258 1,258 Complete Complete Complete Montgomerie Park (Both Phases) 46,322,381 7,482,506 46,322,381 0 983,754 4,695 680,900 (302,854) On Target Slightly off target Infrastructure works delay due to phasing of works alongside adjacent sites. Final plan consultation event to take place in August 2025. Stanecastle Site 7,768,147 7,650,592 7,768,147 0 263,638 81,883 347,304 83,666 Complete Complete Complete - overspend due to additional works required. St Beya Gardens 3,691,052 3,705,708 3,691,052 0 0 Complete Complete Complete St Michael's Wynd 13,996,769 14,676,042 14,087,664 90,895 0 Complete Complete Complete St Michaels Phase 3 627,239 627,239 627,239 (621,010) 0 621,010 Towerlands Primary School 8,579,943 8,571,482 8,579,943 0 (5,461) (3,000) 0 5,461 Complete Nelson Street Regeneration 622,116 33,373 622,116 0 527,717 1,626 392,980 (134,737) On Target On Target Currently out to tender , due to be returned end July 2025 Acquisition Houses-Open Market 1,273,080 217,709 1,273,080 0 2,420,976 52,601 1,311,270 (1,109,706) On Target On Target Carry forward to later years. Ukraine Buy Backs 673,961 0 Complete Complete Works now complete. Harbour Street 0 0 0 0 0 On Target On Target Project removed from the SHIP 2025-2030 as at 3 December 2024. St Mary's Primary, Largs 6,851,623 3,960,263 6,851,623 474,703 (84,121) 474,703 Complete Complete Complete House Building - General 10,679 (7,603) 2,999 0 7,603 Future Years Projects 13,742 (12,800) 0 12,800 Grange Court, Stevenston 0 49,915 25,000 (24,915) On Target On Target Demolition tender currently being prepared Nursery Place 0 25,000 25,000 Demolition complete. Draft plans consulation took place 24 June 2025. Internal Management Charges 1,489,046 (0) 1,489,046 0 1,489,046 1,489,046 On Target On Target Contingency 4,012,524 0 2,988,321 4,012,524 2,988,321 (1,024,203) SUB TOTAL 236,582,872 116,528,902 234,672,243 (886,425) 36,963,348 1,754,604 34,208,361 0 (2,433,930) (321,057) Improvements to existing stock Wet Room - Void 358,932 26,985 313,441 (45,491) 358,932 26,985 313,441 (45,491) On Target On Target 5 fewer wetrooms projected Bathrooms - Void 454,905 41,260 278,630 (176,275) 454,905 41,260 278,630 (176,275) On Target On Target 39 fewer bathrooms Projected Wet Room - Planned 119,644 0 119,644 0 119,644 119,644 On Target On Target Bathrooms - Planned 168,315 4,504 168,315 0 168,315 4,504 168,315 On Target On Target Secondary bathrooms planned 8,542 0 8,542 0 8,542 8,542 Electrical Rewiring 835,384 203,201 835,384 0 835,384 203,201 835,384 On Target On Target Heating 1,734,209 134,158 1,734,209 0 1,734,209 134,158 1,734,209 On Target On Target Kitchens 1,779,146 49,760 1,779,146 0 1,779,146 49,760 1,779,146 On Target On Target Kitchens - Void 1,014,043 101,377 1,086,928 72,885 1,014,043 101,377 1,086,928 72,885 On Target On Target 14 Additional kitchens projected Roofing 583,568 14,380 636,619 53,051 583,568 14,380 636,619 53,051 On Target On Target Additional works required Wallfloor rendering 1,027,725 10,980 1,027,725 0 1,027,725 10,980 1,027,725 On Target On Target EWI 468,769 0 311,456 (157,313) 468,769 311,456 (53,051) (104,262) On Target On Target True underspend anticipated due to lower projected unit costs Window Replacement 513,985 22,583 513,985 0 513,985 22,583 513,985 0 On Target On Target Carry forward from 24/25 not included Saltcoats MSF Investment 222,079 (32,177) 222,079 0 222,079 (32,177) 222,079 On Target On Target Smoke Detector Programme 486,937 10,586 486,937 0 486,937 10,586 486,937 On Target On Target Energy Efficiency 1,073,280 0 0 (1,073,280) 1,073,280 0 (1,073,280) On Target On Target Will be a future cf beyond 2627. Still awaiting updated guidance from Scottish Govt re SHNZS Path Finder Project 459,856 0 459,856 0 459,856 459,856 On Target On Target Solar Panels 2,648,098 170,660 2,648,098 0 2,648,098 170,660 2,648,098 On Target On Target HRA Slippage (3,018,759) 0 (1,945,479) 1,073,280 (3,018,759) (1,945,479) 1,073,280 SUB TOTAL 13,957,417 758,255 12,630,994 (1,326,423) 10,938,658 758,255 10,685,515 0 0 (253,143) DELIVERY STATUS # OFFICIAL INFORMATION
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OFFICIAL INFORMATION# TOTAL PROJECT CURRENT YEAR 2025/26 - Period 2 Project Description Total Project Budget Cumulative Expenditure to date Total Project Forecast Projected Over/ (Under) Spend Total Revised Budget 2025/26 Actual Expenditure to 31 May 2025 P2 Projection Virement Request Carry /Brought Forward to /From 2025/26 True Over/ (Under) Spend Delivery Status Financial Delivery Status Physical Narrative DELIVERY STATUS Other Capital works Estate Based Regeneration 2,208,307 39,865 2,148,949 (59,358) 2,208,307 39,865 2,148,949 (59,358) On Target On Target Lift Replacement 568,420 0 568,420 0 568,420 568,420 On Target On Target Sheltered Housing Units 578,939 (67,952) 407,855 (171,084) 578,939 (67,952) 407,855 (171,084) On Target On Target High Flats Demolition 0 0 0 0 0 On Target On Target Other Capital Works (815) 0 (815) 0 (815) (815) SUB TOTAL 3,355,666 (28,087) 3,125,224 (230,442) 3,354,851 (28,087) 3,124,409 0 (230,442) 0 Total Expenditure 239,938,538 116,500,814 237,797,467 (1,116,867) 51,256,857 2,484,771 48,018,285 0 (2,664,372) (574,200) Income Affordable Housing Contributn (721,008) (721,008) CFCR (8,348,729) (8,348,729) Capital Grants (10,104,000) (1,338,183) (10,104,000) Prudential Borrowing (31,361,500) (28,122,928) 2,664,372 574,200 Reduced borrowing required to reflect rephasing and projected underspends Use of Reserves (721,620) (721,620) Sale of Assets Other Capital Income (79,894) SUB TOTAL (51,256,857) (1,418,077) (48,018,285) 0 2,664,372 574,200 Total Project Expenditure 239,938,538 116,500,814 237,797,467 (1,116,867) 51,256,857 2,484,771 48,018,285 0 (2,664,372) (574,200) Total Project Income (51,256,857) (1,418,077) (48,018,285) 0 2,664,372 574,200 Total Net Expenditure 0 1,066,694 0 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 # OFFICIAL INFORMATION
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Appendix 3 Treasury Management Performance to 30 June 2025 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 5.8%, thereby demonstrating a prudent borrowing policy. For the HRA, the Scottish average was 20.0%. The level of loan charges is deemed prudent and affordable within the framework of the 30 year Housing business plan. 2025/26 2025/26 2025/26 Original Estimate P3 Projection Movement £m £m £m General Services Capital expenditure 95.807 107.601 11.794 Funded by: Borrowing 54.463 53.135 (1.328) Receipts / Grants 40.640 54.466 13.826 Funded from Revenue - - - Funded from Reserves 0.704 - (0.704) Total 95.807 107.601 11.794 HRA Capital expenditure 46.003 48.018 2.015 Funded by: Borrowing 26.107 28.122 2.015 Receipts / Grants 10.104 10.104 - Funded from Revenue 8.349 8.349 - Funded from Reserves 1.443 1.443 - Total 46.003 48.018 2.015 Estimates of Capital Expenditure and Income 2025/26 2025/26 2025/26 Original Estimate P3 Projection Movement £m £m £m General Services 466.086 445.475 (20.611) HRA 224.461 218.507 (5.954) Sub-total 690.547 663.982 (26.565) Less PPP/NPD long-term liability (78.590) (78.590) - Loans Capital Financing Requirement (CFR) 611.957 585.392 (26.565) Capital Financing Requirement (CFR) 2025/26 2025/26 Original Estimate P3 Projection % % General Services 4.1% 3.7% HRA 26.5% 26.5% Proportion of financing costs to net revenue stream
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The Council is currently projecting an under-borrowed position of £55.304m 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. 2025/26 2025/26 2025/26 Original Estimate P3 Projection Movement £m £m £m Gross Debt at 31 March 556.653 530.088 (26.565) CFR 611.957 585.392 (26.565) (Under)/Over Borrowed Position (55.304) (55.304) - Current Portfolio Position (excluding PPP/NPD)
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The maturity structure of the debt portfolio at 30 June 2025 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 a £5.6m LOBO loan which was repaid when called in May. 2025/26 2025/26 2025/26 Original Estimate £m P3 Projection Movement £m Loans CFR 611.957 585.392 (26.565) Less Balance sheet resources (94.794) (110.088) (15.294) Net loans requirement 517.163 475.304 (41.859) Liquidity allowance 10.000 10.000 - Liability Benchmark 527.163 485.304 (41.859) Liability Benchmark 31-Mar-25 30-Jun-25 Maturity Profile of Borrowing (Indicator 10) Actual Actual Movement £m £m £m Under 12 months 44.954 41.946 (3.008) 12 months and within 24 months 4.917 6.440 1.523 24 months and within 5 years 42.049 49.321 7.272 5 years and within 10 years 102.667 98.343 (4.324) 10 years and within 20 years 115.780 103.335 (12.445) 20 years and within 30 years 15.925 15.925 - 30 years and within 40 years 92.587 92.587 - 40 years and within 50 years - - - 50 years and above 10.000 10.000 - Total Borrowing 428.879 417.897 (10.982)