9. 2026 01 27 Capital Budget Monitoring P8
North Ayrshire Council · 27 January 2026
Back to Cabinet — 27 January 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 27 January 2026 Cabinet Title: Capital Programme Performance to 30 November 2025 Purpose: To advise Cabinet of progress in delivering the Capital Investment Programme 2025/26 to 30 November 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 November 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. 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 November 2025 (Period 8) and forecast expenditure to 31 March 2026. 1.3 At Period 8 the General Fund is forecasting a break-even position against a revised budget of £81.021m. The HRA is forecasting a projected underspend of (£0.521m) against a revised budget of £45.079m. 1.4 Within the General Fund, adjustments to funding have resulted in net additions to the overall capital programme of £1.770m, primarily related to UK Government Grant of £0.400m for Ayrshire 5GIR and General Capital Grant for Active Travel and Bus Infrastructure of £0.663m. 1.5 Reviews of individual project plans have identified several adjustments to the current profiles. As a result, projects totalling (£17.401m) have been reprofiled for delivery in 2026/27 and beyond. This is primarily related to Millburn FPS revised programme for the delivery and the B714 upgrade tender delays. This was approved on 6th
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November 2025. These have been partly offset by the acceleration of £2.109m to 2025/26 from future years. 1.6 Within the HRA Capital Programme, a review of delivery timescales has resulted in the re-profiling of (£2.658m) of works for delivery in 2026/27 and beyond, partly offset by the acceleration of £0.008m from future years. 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 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 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 31 August 2025 94.543 Changes to Funding 1.460 Other Revisions to the Programme 0.310 Revised Budget 96.313 Alterations to phasing of projects 2025/26 to 2026/27 (17.401) Alterations to phasing of projects 2026/27 to 2025/26 2.109 Budget as at 30 November 2025 81.021
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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 Grant 0.400 Ayrshire 5GIR Scottish Government GCG 0.375 Active Travel Tier 2 Scottish Government GCG 0.288 Bus Infrastructure Fund Scottish Government Grant 0.130 Marine Tourism Transport Scotland 0.114 Links to Eglinton Park Walk, Wheel, Cycle Trust Grant 0.102 NCN7 Glengarnock Bridge Persimmons 0.050 West Kilbride PS VDLF 0.001 Increase 25/26 allocation Total Funding Adjustments 1.460 Funding Source Amount £ million Project Receipts 0.238 Insurance Recovery - Salt Dome & Vehicles CFCR 0.049 Locality Based Property Review- earmarked Funds CFCR 0.021 Vehicles CFCR 0.002 Street Furniture Total Other Adjustments 0.310 2.3 Alterations to the Phasing of Projects A review of individual project plans has identified a requirement to re-profile (£17.401m) of works for delivery in 2026/27 and beyond. Project Amount £ million CCTV Review (0.088) Total Communities & Housing (0.088) UFSM Loudon Montgomerie PS (0.842) UFSM Expansion (0.253) Total Education (1.095) B714 Upgrade (9.668) Millburn FPS (1.256) Kilbirnie Cemetery (0.938) Lochshore Garden Activity Hub (0.702) LUF3 Annickbank (0.522) Riverside Way (0.410) Kyle Road (0.390) VDLF Kyle Road Phase 2 (0.390)
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Active Travel Tier 1 (0.360) Access Path Network Programme (0.350) AGD Hunterston (0.300) PBIP Kilwinning Abbey Improvements (0.250) PLI Caledonia Primary (0.221) AGD Great Harbour (0.216) PLI Dalry Primary (0.145) AGD IMSE (0.100) Total Place (16.218) Alterations 2025/26 to 2026/27 (17.401) These adjustments have been partly offset by the acceleration of £2.109m of expenditure to 2025/26 from future years. Project Amount £ million Ardrossan New Build 1.608 Other Minor Movements 0.014 Total Education 1.622 Other Minor Movements 0.028 Total Place 0.028 Flexibility 0.459 Total Other 0.459 Alterations 2026/27 to 2025/26 2.109 2.4 These adjustments have resulted in a revised 2025/26 budget at 30 November 2025 of £81.021m, a net reduction of (£13.522m).
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2.5 The following graph illustrates the movement in each programme on a service basis compared to the revised programme: 2.6 The impact on budgeted funding, elements of which are related to the profile of expenditure reported above, is an increase of £13.522m from the revised budget, including: Category Amount £ million Comments General Capital Grant 0.288 Rephased and revised contributions Borrowing (1.690) Rephased aligned to projected expenditure Specific Grant (12.941) Rephased and revised contributions CFCR 0.002 Rephased and revised contributions Other Grants 0.819 Rephased and revised contributions Total Funding Adjustments (13.522)
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2.7 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 0.452 0.000 0.452 0.452 0.000 Communities & Housing 0.932 (0.088) 0.844 0.844 0.000 Education 29.476 0.577 30.053 30.053 0.000 HSCP 0.780 0.000 0.780 0.780 0.000 Place 62.902 (14.027) 48.875 48.875 0.000 Other Items 0.001 0.016 0.017 0.017 0.000 Total Expenditure 94.543 (13.522) 81.021 81.021 0.000 General Grants (10.092) (0.287) (10.379) (10.379) 0.000 Specific Grants (32.349) 12.941 (19.408) (19.408) 0.000 Use of Reserve Funds 0.000 0.000 0.000 0.000 0.000 CFCR 0.000 (0.072) (0.072) (0.072) 0.000 Capital Receipts (2.347) (0.279) (2.626) (2.626) 0.000 Other Grants & Contributions (0.657) (0.642) (1.299) (1.299) 0.000 Prudential Borrowing (49.098) 1.861 (47.237) (47.237) 0.000 Total Income (94.543) 13.522 (81.021) (81.021) 0.000 2.8 Ongoing uncertainty and areas of cost risk remain across a number of projects. 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 financially 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. Housing Revenue Account 2.9 The following table outlines the movements in the 2025/26 HRA Capital budget: Housing Revenue Account 2025/26 £m Budget as at 31 August 2025 47.729 Alterations to phasing of projects 2025/26 to 2026/27 (2.658)
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2.10 Alterations to the Phasing of Projects A review of the timescale for delivery of capital projects has identified a requirement to re-profile (£2.658m) of works for delivery in 2026/27 and beyond, including: Project Amount £ million Ayrshire Central Site (1.636) Nelson Street Regeneration (0.216) Other Minor Adjustments (0.044) Total Alterations to New Builds (1.896) Pathfinder Project (0.409) Window Replacement (0.123) Solar Panels (0.058) Total Alterations to Stock Improvements (0.590) Sheltered Housing Units (0.172) Total Alterations to Other Capital Works (0.172) Alterations 2025/26 to 2026/27 (2.658) 2.11 This has been partly offset by the acceleration of £0.008m of project expenditure for delivery during 2025/26, including: Project Amount £ million Estate Based Regeneration 0.008 Total Alterations to Other Capital Works 0.008 Alterations 2026/27 to 2025/26 0.008 2.12 These adjustments have resulted in a revised 2025/26 budget at 30 November 2025 of £45.079m. 2.13 The impact on budgeted funding is a reduction of (£2.650m) from the approved budget which will be reflected in reduced prudential borrowing. Alterations to phasing of projects 2026/27 to 2025/26 0.008 Budget as at 30 November 2025 45.079
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2.14 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 47.729 (2.650) 45.079 44.558 (0.521) Total Expenditure 47.729 (2.650) 45.079 44.558 (0.521) CFCR (8.349) - (8.349) (8.349) - Capital Grants (10.104) - (10.104) (10.104) - Use of Reserves (0.722) - (0.722) (0.722) - Other Capital Receipts - - - (0.091) (0.091) Affordable Housing Contribution (0.721) - (0.721) (0.721) - Prudential Borrowing (27.833) 2.650 (25.183) (24.571) 0.612 Total Income (47.729) 2.650 (45.079) (44.558) 0.521 2.15 A net underspend of (£0.521m) 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 St Marys, Largs (0.427) Project complete Roofing 0.104 Additional works required EWI (0.104) Lower costs per unit projected Total Variance (0.897) 2.16 In addition to the adjustments noted above Appendix 2 highlights a proposed virement which is required to transfer the projected underspend in budget from the Laburnum Avenue/Newhouse Drive project to Contingency to support the wider HRA Capital programme.
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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. 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 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 387.496 360.987 (26.509) HRA Capital Financing Requirement 224.461 214.956 (9.505) Total Loans Capital Financing Requirement 611.957 575.943 (36.014) Gross Borrowing 556.653 520.639 (36.014) Operational Boundary for Borrowing 625.593 590.937 (34.656) Authorised Limit for Borrowing 688.152 650.031 (38.121) Total Operational Boundary (incl. PPP/NPD) 704.183 669.527 (34.656) Total Authorised Limit (incl. PPP/NPD) 766.742 728.621 (38.121) 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 by 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 November, the estimated percentages for 25/26 are 3.6% and 26.3% 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 Scottish Local Authority average was 6%, therefore 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 November 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 Natalie Graham, Team Manager Corporate (Financial Management), on 01294 324533. Background Papers Capital Programme and Treasury Management Performance to 30 June 2025 - Cabinet 2 September 2025 Capital Programme and Treasury Management Performance to 31 August 2025 - Cabinet 28 October 2025
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OFFICIAL INFORMATION# North Ayrshire Council Capital Statement 2025/26 Appendix 1 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 Actual Expenditure to 30th November 2025 Projected Expenditure to 31st March 2026 Actual Over/ (Under) Spend for 2025/26 True Over/ (Under) Spend £ £ £ £ £ £ £ £ £ £ £ EXPENDITURE Education Nursery Education 4,030,810 4,001,407 4,030,810 0 37,018 0 37,018 7,615 37,018 0 0 Primary Schools 45,870,228 37,480,474 45,870,228 0 4,484,856 (1,080,986) 3,403,870 1,504,419 3,403,870 0 0 Secondary Schools 117,357,107 15,313,137 117,357,107 0 23,781,065 1,607,777 25,388,842 7,405,767 25,388,842 0 0 Schools Other 1,448,759 831,502 1,448,759 0 1,186,504 0 1,186,504 569,247 1,186,504 0 0 SUB TOTAL 168,706,904 57,626,521 168,706,904 0 29,489,443 526,791 30,016,234 9,487,048 30,016,234 0 0 Communities & Housing Information & Culture 588,470 460,340 588,470 0 581,907 0 581,907 453,778 581,907 0 0 Other Housing 350,000 0 350,000 0 350,000 (87,500) 262,500 0 262,500 0 0 SUB TOTAL 938,470 460,340 938,470 0 931,907 (87,500) 844,407 453,778 844,407 0 0 Corporate Services Council IT Strategy 8,797,380 3,638,218 8,797,380 0 452,265 0 452,265 261,903 452,265 0 0 SUB TOTAL 8,797,380 3,638,218 8,797,380 0 452,265 0 452,265 261,903 452,265 0 0 Health & Social Care Management & Support 1,027,855 864,222 1,027,855 0 292,709 0 292,709 129,077 292,709 0 0 Housing Non HRA 475,371 369,769 475,371 0 475,371 0 475,371 369,769 475,371 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 6,111,303 5,830,143 6,111,303 0 780,006 0 780,006 498,845 780,006 0 0 Place Roads 108,024,866 72,628,510 108,024,866 0 25,930,246 (10,924,207) 15,006,039 5,243,506 15,006,039 0 0 Streetscene 5,439,175 3,007,825 5,439,175 0 2,561,670 (937,782) 1,623,888 335,012 1,623,888 0 0 Transport 8,444,629 3,204,310 8,444,629 0 3,671,128 0 3,671,128 3,082,809 3,671,128 0 0 Waste Services 13,321,491 13,272,542 13,321,491 0 0 0 0 0 0 0 0 Renewable Energy 15,956,436 14,780,449 15,956,436 0 2,580,943 0 2,580,943 1,404,956 2,580,943 0 0 Office Accommodation 1,731,265 494,653 1,731,265 0 1,574,643 (337,907) 1,236,736 494,653 1,236,736 0 0 Other Property 4,232,632 2,357,651 4,232,632 0 3,383,180 0 3,383,180 1,508,198 3,383,180 0 0 Economic Development & Regenerati 190,237,146 85,278,850 190,237,146 0 25,338,135 (3,990,587) 21,347,548 8,812,524 21,347,548 0 0 Completed Projects 6,355,262 6,333,601 6,355,262 0 24,269 0 24,269 2,608 24,269 0 0 SUB TOTAL 353,742,903 201,358,390 353,742,903 0 65,064,214 (16,190,483) 48,873,731 20,884,266 48,873,731 0 0 Other Other 14,197,496 0 14,656,405 458,909 (404,909) 458,909 54,000 0 54,000 0 0 SUB TOTAL 14,197,496 0 14,656,405 458,909 (404,909) 458,909 54,000 0 54,000 0 0 Total Project Expenditure 552,494,456 268,913,611 552,953,365 458,909 96,312,926 (15,292,283) 81,020,643 31,585,840 81,020,643 0 0 Total Project Income (96,312,926) 15,292,283 (81,020,643) (24,700,755) (81,020,643) 0 0 Total Net Expenditure 0 0 0 6,885,086 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 2025/26 Year Ended 31st March 2026 Period 8 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 (24,945,555) 49,056,957 47,236,839 (1,820,118) SUB TOTAL 54,463,198 16,882,663 2,656,651 74,002,512 (24,945,555) 0 49,056,957 0 47,236,839 (1,820,118) SCOTTISH GOVERNMENT FUNDING Specific Capital Grants 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 (2,662,635) 1,332,241 3,214,903 450,901 (881,340) 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 3,160,571 752,528 3,913,099 1,530,185 3,913,099 0 UK Government Grant - AGD DPMC Ph 2 0 0 1,000,000 1,000,000 0 1,000,000 0 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 316,043 136,857 251,385 704,285 255,463 959,748 704,286 691,520 (268,228) 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 (1,960,852) 15,363,247 0 4,555,439 (10,807,808) UK Government Ayrshire 5GIR 0 281,711 281,711 575,000 856,711 856,711 856,711 0 UK Government - Local Regeneration Fund Funding Commercial & 0 0 2,469,171 2,469,171 9,017,208 954,382 (1,514,789) Marine Tourism Lochranza 0 0 129,718 129,718 0 129,718 0 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 2,467,000 12,586,000 7,385,336 12,586,000 0 SUB TOTAL 39,038,920 687,972 1,047,754 40,774,646 2,484,730 0 43,259,376 24,146,178 29,787,211 (13,472,165) CFCR 0 0 0 0 71,811 0 71,811 71,811 71,811 0 Vehicles 0 20,650 20,650 20,650 20,650 Locality Based Property Review 49,000 49,000 49,000 49,000 Street Furniture 0 2,161 2,161 2,161 2,161 Grants & Contributions 101,099 99,437 85,000 285,536 1,013,233 0 1,298,769 (3,917) 1,298,769 0 Quarry Road Phase 1 - IRBC 0 19,827 19,827 0 19,827 0 19,827 0 Millport CARS 0 0 0 0 (42,548) 0 0 Lochshore Garnock Hub - Garnock Rugby Club 0 0 0 0 (200,000) 0 0 AGD - Great Harbour - Sustrans 0 0 (10) (10) (10) (10) 0 AGD - Great Harbour - FCC Communities Foundation 0 0 40,000 40,000 0 40,000 0 AGD - Great Harbour - Sportscotland 0 0 135,000 135,000 0 135,000 0 AGD - Great Harbour - LT Funding 0 0 40,000 40,000 0 40,000 0 Irvine Enterprise Area - NAVT 101,099 101,099 0 101,099 0 101,099 0 B777 Corridor Improvements - Active Travel Tier 2 0 0 25,996 25,996 0 25,996 0 Old Caledonian Railway Saltcoats Ph 2 - Active Travel Tier 2 49,990 49,990 0 49,990 0 B714 Sharphill to NCN AT Route - Active Travel Tier 2 161,240 161,240 0 161,240 0 Cumbrae AT Route - Active Travel Tier 2 50,000 50,000 0 50,000 0 Girdle Toll to Irvine Town AT Route - Active Travel Tier 2 80,000 80,000 0 80,000 0 Irvine to Drybridge AT Route - Active Travel Tier 2 8,000 8,000 0 8,000 0 Links to Eglinton Park - Active Travel Tier 2 0 0 114,355 114,355 0 114,355 0 NCN7 Valefield/Glengarnock Bridge - Walk Wheel Cycle Trust 0 0 62,000 62,000 0 62,000 0 Panel Reinstatement Works 0 40,189 40,189 0 40,189 40,189 40,189 0 Roads Remediation Works 0 39,651 39,651 0 39,651 39,651 39,651 0 RTPI North Coast and Garnock Valley - SPT 0 0 6,000 6,000 0 6,000 0 NCN7 Crossing Improvements Walk Wheel Cycle Trust 40,000 40,000 0 40,000 0 Brodick Tennis Courts - LTA Tennis Foundation 0 98,162 98,162 56,301.46 98,162 0 Brodick Tennis Courts - KA Leisure Contribution 52,500 52,500 52,500 52,500 0 UFSM West Kilbride PS - Persimmons Contribution 50,000 50,000 50,000 50,000 0 Repurposing Property Grant Fund - NAVT 0 (230) 85,000 84,770 0 84,770 0 84,770 0 Capital Receipts 1,500,000 837,950 0 2,337,950 288,063 0 2,626,013 486,683 2,626,013 0 Sale of Land and Buildings 1,500,000 837,950 2,337,950 0 2,337,950 198,620 2,337,950 Sale of Vehicles 0 0 50,222 50,222 50,222 50,222 Insurance Recoveries (Vehicles) 0 0 10,345 10,345 10,345 10,345 Salt Dome - Insurance Recovery 227,496 227,496 227,496 227,496 SUB TOTAL 2,304,806 937,387 (618,707) 2,623,486 1,373,107 0 3,996,593 554,577 3,996,593 0 TOTAL CAPITAL PROGRAMME FUNDING 95,806,924 18,508,022 3,085,698 117,400,644 (21,087,718) 0 96,312,926 24,700,755 81,020,643 (15,292,283) 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 November 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 MILESTONE Total Project Budget Cumulative Expenditure to date Total Project Forecast Projected Over/ (Under) Spend Total Revised Budget 2025/26 Actual Expenditure to 30th November 2025 Projected Expenditure to 31 March 2026 Actual Over/ (Under) Spend for 2025/26 True Over/(Under) Spend Brought / Carry Forward to 2026/27 Original Target Revised Forecast Current Project Stage Delivery Status Financial Delivery Status Physical £ £ £ £ £ £ £ £ £ £ Nursery Education Early Years Programme MARRESS HOUSE 4,030,810 4,001,407 4,030,810 0 37,018 7,615 37,018 0 0 Complete Complete Complete Complete Complete Total Nursery Education 4,030,810 4,001,407 4,030,810 0 37,018 7,615 37,018 0 0 0 Primary Schools MOORPARK PRIMARY 14,387,783 14,448,162 14,387,783 0 1,639,816 1,700,195 1,639,816 0 0 Complete Complete Complete Complete Complete MONTGOMERIE PARK SCHOOL 23,448,999 21,851,634 23,448,999 0 1,302,286 (295,079) 1,302,286 0 0 Complete Complete Complete Complete Complete FAIRLIE PRIMARY SCHOOL 226,444 66,439 226,444 0 96,444 61,439 66,533 (29,911) (29,911) 31-Mar-28 31-Mar-28 Feasibility On Target On Target UNIVERSAL FREE SCHOOL MEALS EXPANSION 524,913 0 524,913 0 303,041 0 50,000 (253,041) (253,041) Holding Code Holding Code Holding Code Holding Code Holding Code UFSM ARDEER PRIMARY SCHOOL 18,729 16,548 18,729 0 2,690 509 2,690 0 0 Complete Complete Complete Complete Complete UFSM CORSEHILL PRIMARY SCHOOL 165,691 134,213 165,691 0 28,476 (3,002) 28,476 0 0 Complete Complete Complete Complete Complete UFSM GARNOCK COMMUNITY CAMPUS 54,901 54,043 54,901 0 896 38 896 0 0 Complete Complete Complete Complete Complete UFSM GLENCAIRN PRIMARY SCHOOL 11,853 10,256 11,853 0 1,433 (164) 1,433 0 0 Complete Complete Complete Complete Complete UFSM HAYOCKS PRIMARY SCHOOL 110,404 91,168 110,404 0 17,361 (1,875) 17,361 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 2,082,541 67,605 2,082,541 0 958,116 16,142 116,036 (842,080) (842,080) 31-Dec-26 31-Dec-26 Feasibility On Target On Target UFSM PENNYBURN PRIMARY SCHOOL 12,000 9,523 12,000 0 2,329 (148) 2,329 0 0 Complete Complete Complete Complete Complete UFSM WEST KILBRIDE PRIMARY SCHOOL 2,302,504 258,179 2,302,504 0 120,111 26,401 164,157 44,046 44,046 31-Aug-27 31-Aug-27 On Site On Target On Target UFSM WHITEHIRST PARK PRIMARY 56,212 52,499 56,212 0 3,676 (38) 3,676 0 0 Complete Complete Complete Complete Complete Total Primary Education 45,870,228 37,480,474 45,870,228 0 4,484,856 1,504,419 3,403,870 (1,080,986) 0 (1,080,986) Secondary Schools KILWINNING LEARNING ENVIRONMENT 2,768,507 2,768,507 2,768,507 0 920 920 920 0 0 Complete Complete Complete Complete Complete ARDROSSAN NEW BUILD 114,588,600 12,544,630 114,588,600 0 23,780,145 7,404,847 25,387,922 1,607,777 1,607,777 Autumn 2027 Winter 2027 On Site Slightly off target Slightly off target Total Secondary Education 117,357,107 15,313,137 117,357,107 0 23,781,065 7,405,767 25,388,842 1,607,777 0 1,607,777 Schools Other CO2 MONITORS IN SCHOOLS 298,000 263,148 298,000 0 35,745 893 35,745 0 0 31-Mar-26 31-Mar-26 Planning On Target On Target SCHOOLS ICT INVESTMENT * 1,150,759 568,354 1,150,759 0 1,150,759 568,354 1,150,759 0 0 31-Mar-26 31-Mar-26 On-going On Target On Target Total Schools Other 1,448,759 831,502 1,448,759 0 1,186,504 569,247 1,186,504 0 0 0 Total Education 168,706,904 57,626,521 168,706,904 0 29,489,443 9,487,048 30,016,234 526,791 0 526,791 CAPITAL MONITORING 2025/26 CommentsProject Description TOTAL PROJECT COMPLETION DATES DELIVERY STATUS2025/26 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 2025/26 Actual Expenditure to 30th November 2025 Projected Expenditure to 31 March 2026 Actual Over/ (Under) Spend for 2025/26 True Over/(Under) Spend Brought / Carry Forward to 2026/27 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 6,563 73,807 0 67,244 0 67,244 0 0 01-Dec-25 01-Dec-25 Procurement On Target On Target BRODICK TENNIS COURTS 150,662 128,080 150,662 0 150,662 128,080 150,662 0 0 30-Sep-25 30-Sep-25 Construction On Target On Target GARRISON HOUSE PROJECT 325,698 325,698 325,698 0 325,698 325,698 325,698 0 0 31-Mar-25 31-Oct-25 In Development On Target On Target Total Information & Cultural 588,470 460,340 588,470 0 581,907 453,778 581,907 0 0 0 Other Housing CCTV REVIEW 350,000 0 350,000 0 350,000 0 262,500 (87,500) (87,500) 30-Jun-26 30-Jun-26 Planning On Target On Target Total Other Housing 350,000 0 350,000 0 350,000 0 262,500 (87,500) 0 (87,500) Total Communities & Housing 938,470 460,340 938,470 0 931,907 453,778 844,407 (87,500) 0 (87,500) Comments CAPITAL MONITORING 2025/26 Project Description TOTAL PROJECT 2025/26 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 2025/26 Actual Expenditure to 30th November 2025 Projected Expenditure to 31 March 2026 Actual Over/ (Under) Spend for 2025/26 True Over/(Under) Spend Brought / Carry Forward to 2026/27 Original Target Revised Forecast Current Project Stage Delivery Status Financial Delivery Status Physical £ £ £ £ £ £ £ £ £ £ Council IT Strategy ICT INVESTMENT FUND 4,065,581 1,754,517 4,065,581 0 384,858 242,594 384,858 0 0 31-Mar-26 31-Mar-26 On-going On Target On Target TELEPHONY 1,146,693 298,594 1,146,693 0 67,407 19,308 67,407 0 0 31-Mar-28 31-Mar-28 Implementation On Target On Target Total IT Strategy 8,797,380 3,638,218 8,797,380 0 452,265 261,903 452,265 0 0 0 Total Corporate Services 8,797,380 3,638,218 8,797,380 0 452,265 261,903 452,265 0 0 0 CAPITAL MONITORING 2025/26 CommentsProject Description COMPLETION DATESTOTAL PROJECT DELIVERY STATUS2025/26 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 2025/26 Actual Expenditure to 30th November 2025 Projected Expenditure to 31 March 2026 Actual Over/ (Under) Spend for 2025/26 True Over/(Under) Spend Brought / Carry Forward to 2026/27 Original Target Revised Forecast Current Project Stage 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 14-Jan-27 14-Jan-27 Construction On Target On Target 47 WEST ROAD 491,797 481,229 491,797 0 0 (10,568) 0 0 0 Complete Complete Complete Complete Complete Total Management & Support 1,027,855 864,222 1,027,855 0 292,709 129,077 292,709 0 0 0 Housing Non HRA IMPROVEMENT GRANTS * 475,371 369,769 475,371 0 475,371 369,769 475,371 0 0 31-Mar-26 31-Mar-26 Ongoing On Target On Target Total Housing Non HRA 475,371 369,769 475,371 0 475,371 369,769 475,371 0 0 0 Adults TRINDLEMOSS 4,608,078 4,596,152 4,608,078 0 11,926 0 11,926 0 0 Complete Complete 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 6,111,303 5,830,143 6,111,303 0 780,006 498,845 780,006 0 0 0 Project Description DELIVERY STATUS CAPITAL MONITORING 2025/26 2025/26 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 2025/26 Actual Expenditure to 30th November 2025 Projected Expenditure to 31 March 2026 Actual Over/ (Under) Spend for 2025/26 True Over/(Under) Spend Brought / Carry Forward to 2026/27 Original Target Revised Forecast Current Project Stage Delivery Status Financial Delivery Status Physical £ £ £ £ £ £ £ £ £ £ Roads ROADS IMPROVE/RECONSTRUCTION * 3,783,006 3,241,396 3,783,006 0 3,783,006 3,241,396 3,783,006 0 0 31-Mar-26 31-Mar-26 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 ROADS REMEDIATION WORKS 39,651 0 39,651 0 39,651 0 39,651 0 0 31-Mar-26 31-Mar-26 In Development On Target On Target LIGHTING * 1,268,076 309,135 1,268,076 0 1,268,076 309,135 1,268,076 0 0 31-Mar-26 31-Mar-26 Multiple Projects On Target On Target UPPER GARNOCK FPS 18,503,801 18,445,346 18,503,801 0 130,051 71,597 130,051 0 0 Complete Complete Complete Complete Complete MILLPORT COASTAL FPS 42,295,797 41,791,786 42,295,797 0 1,485,849 981,839 1,485,849 0 0 Complete Complete Complete Complete Complete MILLBURN FPS 3,007,000 414,991 3,007,000 0 2,633,386 41,377 1,377,000 (1,256,386) (1,256,386) 31-Jul-26 31-Jul-26 Tender On Target On Target MILLPORT PIER 1,350,000 150,080 1,350,000 0 214,960 0 214,960 0 0 31-Dec-25 31-Dec-25 In Development On Target On Target BRIDGES INFRASTRUCTURE PROG * 654,939 440,645 654,939 0 654,939 440,645 654,939 0 0 31-Mar-26 31-Mar-26 Multiple Projects On Target On Target LARGS PROMENADE SEAWALL 4,698,482 4,698,483 4,698,482 0 6,581 6,581 6,581 0 0 Complete Complete Complete Complete Complete COASTAL ADAPTATIONS 299,000 14,928 299,000 0 299,000 14,928 299,000 0 0 31-Mar-28 31-Mar-28 In Development On Target On Target B714 UPGRADE 31,693,443 3,032,203 31,693,443 0 15,338,099 126,516 5,670,278 (9,667,821) (9,667,821) 31-Aug-27 31-Aug-27 Tender On Target On Target PARKING CHARGES & DPE 156,673 93,619 156,673 0 76,648 13,594 76,648 0 0 31-Mar-26 31-Mar-26 In Development On Target On Target Total Roads 108,024,866 72,628,510 108,024,866 0 25,930,246 5,243,506 15,006,039 (10,924,207) 0 (10,924,207) Streetscene CEMETERY EXTNS, WALLS & INFRA * 437,933 0 437,933 0 233,241 0 233,241 0 0 Holding Code Holding Code Holding Code Holding Code Holding Code CMTY, STEV HIGH ROAD - WORKS 519,644 518,144 519,644 0 0 (1,500) 0 0 0 Complete Complete Complete Complete Complete CMTY, KILBIRNIE - WALLS 120,613 116,974 120,613 0 1,638 (2,001) 1,638 0 0 Complete Complete Complete Complete Complete CMTY, BEITH - WALLS 163,875 158,868 163,875 0 2,240 (2,768) 2,240 0 0 Complete Complete Complete Complete Complete CMTY, ABBEY TOWER - WALLS 161,190 150,507 161,190 0 39,317 28,634 39,317 0 0 Complete Complete Complete Complete Complete CMTY, STEV HAWKHILL - WALLS 125,668 87,859 125,668 0 40,289 2,480 40,289 0 0 Complete Complete Complete Complete Complete CMTY, WEST KILBRIDE - WALLS 109,914 106,804 109,914 0 35,109 31,999 35,109 0 0 Complete Complete Complete On Target On Target CMTY, DREGHORN - WALLS 19,227 19,227 19,227 0 5,676 5,676 5,676 0 0 Future years Future years Feasibility Works On Target On Target CMTY, STEV HIGH KIRK - WORKS 24,732 24,732 24,732 0 28 28 28 0 0 Future years Future years Feasibility Works On Target On Target CMTY, KILBIRNIE - NEW 1,501,663 146,573 1,501,663 0 1,373,155 18,065 435,373 (937,782) (937,782) 30-Sep-25 30-Sep-26 Tender Awarded On Target On Target CMTY, NEW STREET STEV - WALLS 1,015 1,015 1,015 0 1,015 1,015 1,015 0 0 Complete Complete Complete Complete Complete STREET FURNITURE IMPROVEMENT 225,511 225,511 225,511 0 2,585 2,585 2,585 0 0 31-Mar-26 31-Mar-26 Planning On Target On Target PARK ENABLING WORKS 149,895 149,415 149,895 0 2,180 1,700 2,180 0 0 31-Mar-26 31-Mar-26 Planning On Target On Target RENEWAL OF PLAY PARKS 1,411,000 834,901 1,411,000 0 825,197 249,098 825,197 0 0 31-Mar-26 31-Mar-26 Construction On Target On Target Total Streetscene 5,439,175 3,007,825 5,439,175 0 2,561,670 335,012 1,623,888 (937,782) 0 (937,782) Transport VEHICLES * 3,144,225 3,042,506 3,144,225 0 3,144,225 3,042,506 3,144,225 0 0 31-Mar-26 31-Mar-26 Ongoing On Target On Target FLEET DECARBONISATION 5,300,404 161,804 5,300,404 0 526,903 40,303 526,903 0 0 31-Mar-26 31-Mar-26 Ongoing On Target On Target Total Transport 8,444,629 3,204,310 8,444,629 0 3,671,128 3,082,809 3,671,128 0 0 0 Renewable Energy SOLAR PV INVESTMENT - NETHERMAINS 8,171,775 7,911,857 8,171,775 0 768,518 508,600 768,518 0 0 31-Dec-24 31-Oct-25 Work Ongoing On Target On Target SOLAR PV INVESTMENT - SHEWALTON 6,073,659 5,574,321 6,073,659 0 1,183,498 684,160 1,183,498 0 0 31-Dec-24 30-Nov-25 Work Ongoing On Target On Target NON DOMESTIC ENERGY EFFICIENCY PROGRAMME 1,000,001 1,000,001 1,000,001 0 45,951 45,951 45,951 0 0 Complete Complete Complete Complete Complete NATURE RESTORATION FUND 711,001 294,270 711,001 0 582,976 166,246 582,976 0 0 31-Aug-24 31-Mar-26 Planning On Target On Target Total Renewable Energy 15,956,436 14,780,449 15,956,436 0 2,580,943 1,404,956 2,580,943 0 0 0 Office Accommodation PROPERTY LIFECYCLE INVESTMENT (27,858) 0 (27,858) 0 (27,858) 0 0 27,858 27,858 31-Mar-26 31-Mar-26 Mulitple projects On Target On Target PLI GOWANLEA DAY SERVICES 27,012 1,599 27,012 0 27,012 1,599 27,012 0 0 24-Dec-25 24-Dec-25 Construction On Target On Target PLI CASTLEVIEW DAY SERVICES 0 (1) 0 0 0 (1) 0 0 0 Complete Complete Complete Complete Complete PLI GOLDCRAIGS DEPOT 157,907 (8,252) 157,907 0 1,285 (8,252) 1,285 0 0 22-Aug-25 31-Jan-26 Construction On Target On Target PLI CALEDONIA PRIMARY 670,765 3,625 670,765 0 670,765 3,625 450,000 (220,765) (220,765) 31-Mar-26 30-Jun-26 Planning On Target On Target PLI DALRY PRIMARY SCHOOL 220,000 454 220,000 0 220,000 454 75,000 (145,000) (145,000) 19-Dec-25 31-Aug-26 Planning On Target On Target PLI FAIRLIE PRIMARY SCHOOL 7,531 7,531 7,531 0 7,531 7,531 7,531 0 0 Complete Complete Complete Complete Complete PLI HAYOCKS PRIMARY SCHOOL 379,614 277,332 379,614 0 379,614 277,332 379,614 0 0 30-Sep-25 19-Dec-25 Construction On Target On Target PLI PENNYBURN PRIMARY 0 (3,727) 0 0 0 (3,727) 0 0 0 Complete Complete Complete Complete Complete PLI SKELMORLIE PRIMARY SCHOOL 7,200 (5,766) 7,200 0 7,200 (5,766) 7,200 0 0 Complete Complete Complete Complete Complete PLI ST LUKES PRIMARY SCHOOL 21,500 21,477 21,500 0 21,500 21,477 21,500 0 0 Complete Complete Complete Complete Complete PLI ST WINNINGS PRIMARY SCHOOL 27,500 27,333 27,500 0 27,500 27,333 27,500 0 0 Complete Complete Complete Complete Complete PLI WEST KILBRIDE PRIMARY SCHOOL 94,562 96,159 94,562 0 94,562 96,159 94,562 0 0 Complete Complete Complete Complete Complete PLI ARDROSSAN ACADEMY 54,005 54,005 54,005 0 54,005 54,005 54,005 0 0 Complete Complete Complete Complete Complete PLI AUCHENHARVIE ACADEMY* 269 900 269 0 269 900 269 0 0 Complete Complete Complete Complete Complete Comments CAPITAL MONITORING 2025/26 COMPLETION DATES Project Description TOTAL PROJECT 2025/26 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 2025/26 Actual Expenditure to 30th November 2025 Projected Expenditure to 31 March 2026 Actual Over/ (Under) Spend for 2025/26 True Over/(Under) Spend Brought / Carry Forward to 2026/27 Original Target Revised Forecast Current Project Stage Delivery Status Financial Delivery Status Physical Comments CAPITAL MONITORING 2025/26 COMPLETION DATES Project Description TOTAL PROJECT 2025/26 BUDGETS DELIVERY STATUS PLI WEST KILBRIDE EARLY YEARS 3,232 3,232 3,232 0 3,232 3,232 3,232 0 0 Complete Complete Complete Complete Complete PLI ARRAN OUTDOOR CENTRE 5,181 5,181 5,181 0 5,181 5,181 5,181 0 0 Complete Complete Complete Complete Complete PLI ANAM CARA 50 50 50 0 50 50 50 0 0 Complete Complete Complete Complete Complete PLI BRODICK HWRC 20,000 0 20,000 0 20,000 0 20,000 0 0 30-Sep-25 31-Jan-26 Planning On Target On Target PLI THE PORTAL 50,000 728 50,000 0 50,000 728 50,000 0 0 31-Mar-26 31-Mar-26 Planning On Target On Target PLI IRVINE WASTE TRANSFER 12,795 12,795 12,795 0 12,795 12,795 12,795 0 0 Complete Complete Complete Complete Complete Total Office Accommodation 1,731,265 494,653 1,731,265 0 1,574,643 494,653 1,236,736 (337,907) 0 (337,907) 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 - TRINITY CHURCH 1,490 1,490 1,490 0 630 630 630 0 0 Complete Complete Complete Complete Complete LBPR STEVENSTON COMPLEX 189,250 4,250 189,250 0 185,000 0 185,000 0 0 31-Dec-24 31-Aug-26 Planning On Target On Target LBPR IRVINE LIBRARY 50,967 50,968 50,967 0 12,893 12,893 12,893 0 0 Complete Complete Complete Complete Complete LBPR BRIDGEGATE HOUSE 2,172 2,172 2,172 0 197 197 197 0 0 Complete Complete Complete Complete Complete LBPR CUNNINGHAME HOUSE 238,000 101,029 238,000 0 180,447 43,476 180,447 0 0 31-Mar-27 31-Mar-27 Construction On Target On Target LBPR CUNNINGHAME HOUSE GRD EAST/4TH WEST 1,248,118 676,744 1,248,118 0 1,164,752 593,378 1,164,752 0 0 31-Mar-26 31-Mar-26 Construction On Target On Target LBPR CUNNINGHAME HOUSE GRD WEST 201,777 169,951 201,777 0 37,687 5,862 37,687 0 0 Complete Complete Complete Complete Complete LBPR - THE TOWNHOUSE 25,000 4,280 25,000 0 21,420 700 21,420 0 0 31-Jul-25 19-Dec-25 Planning On Target On Target LBPR THE CIRCUIT 311,571 88,952 311,571 0 290,623 68,004 290,623 0 0 31-Mar-27 31-Mar-27 Planning On Target On Target EMERGENCY CONTROL CTR 158,000 151,476 158,000 0 3,111 (3,413) 3,111 0 0 Complete Complete Complete Complete Complete GOLDCRAIGS REFURBISHMENT 1,163,495 940,020 1,163,495 0 969,738 746,262 969,738 0 0 Complete Complete Complete Complete Complete SALT DOME GOLDCRAIGS 227,496 42,265 227,496 0 227,496 42,265 227,496 0 0 31-Mar-26 31-Mar-26 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 4,232,632 2,357,651 4,232,632 0 3,383,180 1,508,198 3,383,180 0 0 0 Regeneration REPURPOSING PROPERTY GRANT FUND 416,512 27,417 416,512 0 115,832 26,737 115,832 0 0 30-May-25 01-Dec-26 In development On Target On Target MILLPORT TOWN HALL PHASE 2 58,129 (6,896) 58,129 0 58,129 (6,896) 58,129 0 0 Complete Complete Complete Complete Complete Community led regeneration project by Millport Town ll h i j h b d l d d ISLANDS PIT STOPS 507,540 113,473 507,540 0 507,540 113,473 507,540 0 0 31-Jul-25 31-Mar-26 In development On Target On Target PLACE BASED INVESTMENT PROGRAMME (PBIP) 270,151 137,798 270,151 0 125,000 107,021 125,000 0 0 31-Mar-27 31-Mar-27 In development On Target On Target UK SHARED PROSPERITY FUND (SPF) 576,535 201,503 576,535 0 576,535 201,503 576,535 0 0 31-Mar-26 31-Mar-26 In development On Target On Target AYRSHIRE 5GIR 4,366,000 3,771,056 4,366,000 0 856,711 261,767 856,711 0 0 30-Sep-25 31-Mar-26 Construction On Target On Target PBIP – KILWINNING ABBEY IMPROVEMENTS 264,559 356 264,559 0 264,203 0 14,203 (250,000) (250,000) 31-Mar-25 31-Dec-26 Construction On Target On Target LOCHSHORE HUB PLAY AREA 355,000 299,107 355,000 0 13,265 353 13,265 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 31-Dec-25 31-Dec-25 In development On Target On Target PBIP GALT HOUSE 49,444 49,444 49,444 0 8,328 8,328 8,328 0 0 Complete Complete Complete Complete Complete IRVINE HIGH STREET 2,837,315 2,723,228 2,837,315 0 99,298 (14,789) 99,298 0 0 Complete Complete Complete Complete Complete MILLPORT CARS 10,993 0 10,993 0 10,993 0 10,993 0 0 Complete Complete Complete Complete Complete MONTGOMERIE PARK MASTERPLAN 4,218,597 1,934,014 4,218,597 0 282,207 62,623 282,207 0 0 31-Mar-30 31-Mar-30 In development On Target On Target LOCHSHORE, KILBIRNIE 2,101,881 2,022,819 2,101,881 0 116,825 37,763 116,825 0 0 31-May-25 01-Dec-26 In development On Target On Target LOCHSHORE GARNOCK HUB 4,170,999 4,102,507 4,170,999 0 72,430 3,938 72,430 0 0 Complete Complete Complete Complete Complete VDLF - KYLE ROAD PHASE 2 3,632,516 165,717 3,632,516 0 469,065 16,562 79,051 (390,014) (390,014) 31-Mar-27 31-Mar-27 In development On Target On Target VDLF - ANNICKBANK PH 3 1,948,996 1,944,450 1,948,996 0 10,465 5,919 10,465 0 0 Complete Complete Complete Complete Complete LUF3 - ANNICKBANK 6,074,602 134,195 6,074,602 0 583,218 54,100 60,950 (522,268) (522,268) 31-Mar-27 31-Mar-27 In development On Target On Target VDLF - DEVELOPMENT WORK 229,097 115,055 229,097 0 135,630 21,588 135,630 0 0 31-Mar-26 31-Mar-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-26 Construction On Target On Target VDLF STALLED SPACES FUND 113,000 0 113,000 0 25,000 0 25,000 0 0 31-Mar-27 31-Mar-27 In development On Target On Target LOCHSHORE GARDEN/ACTIVITY HUB 827,075 0 827,075 0 827,075 0 125,000 (702,075) (702,075) 31-Dec-26 31-Dec-26 In development On Target On Target NORTH SHORE RESIDENTIAL 150,000 0 150,000 0 25,000 0 25,000 0 0 31-Mar-27 31-Mar-27 In development On Target On Target PBIP DOCKHEAD STREET 250,000 0 250,000 0 50,000 0 50,000 0 0 31-Mar-26 31-Mar-27 In development On Target On Target PBIP COMMUNITY PROJECT FUND 250,000 0 250,000 0 250,000 0 250,000 0 0 31-Mar-26 31-Mar-26 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 41,000 0 41,000 0 41,000 0 41,000 0 0 31-Mar-26 31-Mar-26 In development On Target On Target ACTIVE TRAVEL TIER 1 983,927 3,089,388 983,927 0 983,927 158,441 623,927 (360,000) (360,000) 31-Mar-26 31-Mar-27 Various On Target On Target ACCESS PATH NETWORK PROGRAMME 516,760 12,111 516,760 0 516,760 12,111 166,760 (350,000) (350,000) 31-Mar-26 31-Mar-27 Various On Target On Target LOCAL AUTHORITY DIRECT AWARD 41,337 1,295 41,337 0 41,337 1,295 41,337 0 0 31-Mar-26 31-Mar-26 Various On Target On Target RTPI - NORTH COAST AND GARNOCK VALLEY 6,000 2,586 6,000 0 6,000 2,586 6,000 0 0 31-Mar-26 31-Mar-26 Construction 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 1,307 767,272 1,307 0 1,307 (19,422) 1,307 0 0 Complete Complete Complete Complete Complete B777 CORRIDOR IMPROVEMENTS 137,767 111,771 137,767 0 25,996 0 25,996 0 0 31-Mar-26 31-Mar-26 In development On Target On Target SALTCOATS OLD CAL RAILWAY PH2 49,990 0 49,990 0 49,990 0 49,990 0 0 31-Mar-26 31-Mar-26 In development On Target On Target BUS INFRASTRUCTURE FUND 288,000 2,586 288,000 0 288,000 2,586 288,000 0 0 31-Mar-26 31-Mar-26 In development On Target On Target NCN7 CROSSING IMPROVEMENTS 40,000 0 40,000 0 40,000 0 40,000 0 0 31-Mar-26 31-Mar-26 In development On Target On Target # 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 2025/26 Actual Expenditure to 30th November 2025 Projected Expenditure to 31 March 2026 Actual Over/ (Under) Spend for 2025/26 True Over/(Under) Spend Brought / Carry Forward to 2026/27 Original Target Revised Forecast Current Project Stage Delivery Status Financial Delivery Status Physical Comments CAPITAL MONITORING 2025/26 COMPLETION DATES Project Description TOTAL PROJECT 2025/26 BUDGETS DELIVERY STATUS B714 SHARPHILL TO NCN AT ROUTE 161,240 0 161,240 0 161,240 0 161,240 0 0 31-Mar-26 31-Mar-26 In development On Target On Target CUMBRAE AT ROUTE 50,000 0 50,000 0 50,000 0 50,000 0 0 31-Mar-26 31-Mar-26 In development On Target On Target GIRDLE TOLL TO IRVINE TOWN AT ROUTE 80,000 19,567 80,000 0 80,000 19,567 80,000 0 0 31-Mar-26 31-Mar-26 In development On Target On Target IRVINE TO DRYBRIDGE AT ROUTE 8,000 0 8,000 0 8,000 0 8,000 0 0 31-Mar-26 31-Mar-26 In development On Target On Target LINKS TO EGLINTON PARK 282,531 168,176 282,531 0 114,355 0 114,355 0 0 31-Dec-25 31-Dec-25 Construction On Target On Target NCN7 VALEFIELD/GLENGARNOCK BRIDGE 65,500 3,500 65,500 0 62,000 0 62,000 0 0 31-Mar-26 31-Mar-26 In development On Target On Target LONG DRIVE 956,620 12,968 956,620 0 551,372 12,968 551,372 0 0 31-Mar-26 31-Mar-26 Construction On Target On Target RIVERSIDE WAY 867,180 2,838 867,180 0 459,010 2,838 49,010 (410,000) (410,000) 31-Mar-26 31-Aug-26 In development On Target On Target STRATEGIC INVESTMENT ROUTE 2,386,826 72,975 2,386,826 0 278,000 72,975 278,000 0 0 31-Mar-27 31-Mar-27 In development On Target On Target KYLE ROAD AT ROUTE 1,073,678 11,507 1,073,678 0 436,000 11,507 46,000 (390,000) (390,000) 31-Mar-26 31-Aug-26 In development On Target On Target HEATHERHOUSE JUNCTION 475,000 0 475,000 0 50,000 0 50,000 0 0 31-Mar-27 31-Mar-27 Planning On Target On Target Total Regeneration 47,896,705 27,508,279 47,896,705 0 9,877,957 1,165,351 6,503,600 (3,374,357) 0 (3,374,357) Ayrshire Growth Deal AGD - I3 DPMC PHASE 1 1,000,000 272,689 1,000,000 0 727,311 0 727,311 0 0 31-Mar-26 31-Mar-26 Delivery On Target On Target AGD - I3 DPMC PHASE 2 5,000,000 323,316 5,000,000 0 50,000 8,949 50,000 0 0 31-Mar-29 31-Mar-30 Feasibility On Target On Target AGD - I3 FLEXIBLE BUSINESS SPACE PHASE 1 4,855,546 4,809,780 4,855,546 0 10,645 (35,120) 10,645 0 0 Complete Complete Complete Complete Complete AGD - I3 FLEXIBLE BUSINESS SPACE PHASE 2 15,568,282 393,865 15,568,282 0 139,304 38,215 139,304 0 0 31-Mar-29 31-Mar-29 Multiple Projects On Target On Target AGD - HUNTERSTON - CENTRE OF LOW CARBON ENERGY & 18,040,000 286,876 18,040,000 0 350,000 19,143 50,000 (300,000) (300,000) 31-Mar-30 31-Mar-30 Feasibility On Target On Target AGD - GREAT HARBOUR 14,338,771 3,663,896 14,338,771 0 4,381,439 2,153,068 4,165,209 (216,230) (216,230) 31-Mar-29 31-Mar-29 Multiple Projects On Target On Target AGD GH PHASE 2 122,581 71,537 122,581 0 122,581 71,537 122,581 0 0 31-Mar-29 31-Mar-29 Design On Target On Target AGD - IMSE 10,500,000 197,073 10,500,000 0 200,000 22,466 100,000 (100,000) (100,000) 31-Mar-30 31-Mar-30 Feasibility On Target On Target AGD - MARINE TOURISM ARRAN 2,059,242 238,903 2,059,242 0 49,000 32,143 49,000 0 0 31-Mar-29 31-Mar-29 Feasibility On Target On Target AGD - MARINE TOURISM CUMBRAE 4,783,528 278,218 4,783,528 0 191,000 71,833 191,000 0 0 31-Mar-29 31-Mar-29 Design On Target On Target Total Ayrshire Growth Deal 79,043,664 10,811,870 79,043,664 0 6,221,280 2,382,234 5,605,050 (616,230) 0 (616,230) Growth & Investment ARDROSSAN HARBOUR INTERCHANGE 4,127,113 605,226 4,127,113 0 3,524,633 2,746 3,524,633 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 47,866,143 45,940,213 47,866,143 0 5,456,598 5,260,972 5,456,598 0 0 Complete Complete Complete Complete Complete VDLF - HARBOUR MASTERS OFFICE 158,740 156,242 158,740 0 3,720 1,222 3,720 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-Mar-26 Development On Target On Target Other Growth & Investment 63,296,777 46,958,702 63,296,777 0 9,238,898 5,264,940 9,238,898 0 0 0 Total Economic Development & Regeneration 190,237,146 85,278,850 190,237,146 0 25,338,135 8,812,524 21,347,548 (3,990,587) 0 (3,990,587) 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 2,977,098 2,956,437 2,977,098 0 24,269 3,608 24,269 0 0 Complete Complete Defects Period Complete Complete Total Completed Projects 6,355,262 6,333,601 6,355,262 0 24,269 2,608 24,269 0 0 0 Total Place 353,742,903 201,358,390 353,742,903 0 65,064,214 20,884,266 48,873,731 (16,190,483) 0 (16,190,483) # 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 2025/26 Actual Expenditure to 30th November 2025 Projected Expenditure to 31 March 2026 Over/ (Under) Spend for 25/26 £ £ £ £ £ £ £ £ FLEXIBILITY / IMPROVEMENT FUND 14,197,496 0 14,656,405 458,909 (405,909) 0 53,000 458,909 CORE INFRASTRUCTURE INVESTMENT 2,001,000 0 2,001,000 0 1,000 0 1,000 0 Total Other Budgets 16,198,496 0 16,657,405 458,909 (404,909) 0 54,000 458,909 2025/26 BUDGETS CommentsProject Description TOTAL PROJECT # OFFICIAL INFORMATION
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HRA Capital Statement 2526 Appendix 2 TOTAL PROJECT CURRENT YEAR 2025/26 - Period 7 Project Description Total Project Budget Cumulative Expenditure to date Total Project Forecast Projected Over/ (Under) Spend Total Revised Budget 2025/26 Actual Expenditure to 30th October 2025 P7 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 1,250,521 1,249,898 (85,756) Complete Complete Complete, project contingency not required. Ayrshire Central Site 51,235,455 20,798,990 51,235,455 0 18,289,439 7,970,085 16,653,034 (1,636,405) On Target On Target Work continues to progress on site and is currently expected to complete during winter 2027. Projected slippage due to additional services being identified on the site which were not picked up on the GRP survey prior to works commencing on site and de- watering of the site. No impact to programme. Bourtreehill Village 9,924,743 502,013 9,924,743 0 128,176 85,706 128,176 On Target On Target Demolition of Crofthead Court complete. Professional fees only to be incurred during 2025/26. Corsehillhead 2,032,906 437,217 2,032,906 0 0 0 On Target On Target Flatt Road 20,178,000 19,721,970 19,709,046 (468,954) 0 0 Complete Complete Complete Friars Lawn 2,199,628 2,085,568 2,085,598 (114,030) 0 0 On Target Complete Complete Fullarton Street (High Flats) 12,073,511 122,878 12,073,511 0 70,000 26,741 70,000 On Target On Target Projected spend during 2025/26 is for statutory consents & consultancy fees only. Garnock Academy Site 12,092,889 15,831,828 12,092,889 0 5,650,169 3,292,523 5,650,169 On Target On Target Work continues to progress on site and Ashleigh (Scotland) Limited hope to complete works by late summer 2026, amended from spring 2026 due to utilities delays. Garrier Court 2,335,551 2,414,910 2,348,027 12,476 0 0 On Target Complete Complete Harbourside 14,622,742 14,392,068 14,622,742 0 152,530 500 152,530 Complete Complete Complete James McFarlane Site 4,784,118 7,735,474 4,784,118 0 269,341 110,529 269,341 Complete Complete Complete - all properties occupied James Reid Site 11,820,675 1,568,195 11,820,675 0 501 0 0 (501) Significantly off target Significantly off target Project in SHIP 2026-2031 Shadow Programme Kings Arms (113-115 High Street) 2,904,416 3,227,343 2,904,416 0 1,655,832 778,303 1,655,832 On Target Significantly off target McLaughlin Construction have submitted an updated programme and now expect to complete the Irvine town centre project during spring 2026. Laburnum Ave/Newhouse Dr (Regen 1a&b) 3,274,506 4,298,934 2,953,449 (321,057) 578,148 132,682 257,091 (321,057) Complete Complete Complete - underspend to be transferred to contingency budget. Largs Police Station 2,769,301 2,761,963 2,769,301 0 1,258 1,986 1,258 Complete Complete Complete Montgomerie Park (Both Phases) 46,322,381 9,888,733 46,322,381 0 323,186 5,532 250,000 (73,186) On Target Slightly off target Infrastructure works delay due to phasing of works alongside adjacent sites. Final plan consultation event took placee in August 2025. Stanecastle Site 7,768,147 12,286,971 7,768,147 0 347,304 199,361 349,805 2,501 Complete Complete Complete St Beya Gardens 3,691,052 3,705,708 3,691,052 0 0 0 Complete Complete Complete St Michael's Wynd 13,996,769 14,767,326 14,087,664 90,895 0 0 Complete Complete Complete St Michaels Phase 3 627,239 0 0 Towerlands Primary School 8,579,943 8,565,482 8,579,943 0 0 (3,000) Complete Nelson Street Regeneration 622,116 61,508 622,116 0 392,980 2,226 176,772 (216,208) On Target On Target Tender to be awarded towards end December 2025. Acquisition Houses-Open Market 1,273,080 580,231 1,273,080 0 1,273,080 235,362 1,303,080 30,000 On Target On Target Ukraine Buy Backs 1,366,922 0 0 Complete Complete Complete Harbour Street 0 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 7,622,617 6,851,623 474,703 (40,152) 51,671 (423,032) Complete Complete Complete House Building - General 16,888 0 3,210 Future Years Projects 13,742 0 0 Grange Court, Stevenston 22,143 25,000 19,854 25,000 On Target On Target Demolition of existing flats currently out to tender. Nursery Place 0 25,000 0 25,000 Draft plans consultation was held on 24 June 2025. The plans are now being reviewed to allow the final plans consultation event to be scheduled. Internal Management Charges 1,489,046 2,212,262 1,489,046 0 1,489,046 871,464 1,489,046 On Target On Target Regeneration Project 1e Consultants Fees 9,703 0 7,074 Contingency 4,012,524 0 2,988,321 2,987,821 0 3,306,377 318,556 SUB TOTAL 248,190,776 158,897,350 246,280,147 (886,425) 34,133,514 13,699,985 31,814,182 0 (1,895,799) (423,533) DELIVERY STATUS
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TOTAL PROJECT CURRENT YEAR 2025/26 - Period 7 Project Description Total Project Budget Cumulative Expenditure to date Total Project Forecast Projected Over/ (Under) Spend Total Revised Budget 2025/26 Actual Expenditure to 30th October 2025 P7 Projection Virement Request Carry /Brought Forward to /From 2025/26 True Over/ (Under) Spend Delivery Status Financial Delivery Status Physical Narrative DELIVERY STATUS Improvements to existing stock Wet Room - Void 358,932 236,904 313,441 (45,491) 358,932 133,886 292,545 (66,387) On Target On Target lower projected unit nos than budgeted Bathrooms - Void 454,905 369,947 278,630 (176,275) 454,905 210,142 364,076 (90,829) On Target On Target lower projected unit nos than budgeted Wet Room - Planned 119,644 0 119,644 0 119,644 0 119,644 On Target On Target Bathrooms - Planned 168,315 108,987 168,315 0 168,315 68,163 168,315 On Target On Target Secondary bathrooms planned 8,542 0 8,542 0 8,542 0 8,542 Electrical Rewiring 835,384 1,140,132 835,384 0 835,384 611,136 895,915 60,531 On Target On Target Overspend includes anticipated additional voids Heating 1,734,209 1,479,628 1,734,209 0 1,734,209 1,008,898 1,734,209 0 On Target On Target Kitchens 1,779,146 990,507 1,779,146 0 1,779,146 713,843 1,779,146 0 On Target On Target Kitchens - Void 1,014,043 963,734 1,086,928 72,885 1,014,043 542,784 1,026,889 12,846 On Target On Target additional projected unit nos Roofing 583,568 268,661 740,881 157,313 636,619 194,511 727,761 91,142 On Target On Target Additional works required Wallfloor rendering 1,027,725 501,599 1,027,725 0 1,027,725 346,662 1,027,725 On Target On Target EWI 468,769 44,143 311,456 (157,313) 415,718 44,143 311,456 (104,262) On Target On Target Window Replacement 513,985 85,762 513,985 0 513,985 31,590 390,985 (123,000) On Target On Target Communal element of works not possible to be carried out before March. Saltcoats MSF Investment 222,079 (94,882) 222,079 0 222,079 (30,527) 222,079 On Target On Target Smoke Detector Programme 486,937 417,461 486,937 0 486,937 264,965 486,937 On Target On Target Energy Efficiency 1,073,280 0 0 (1,073,280) 0 0 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 50,000 (409,856) Significantly off target Significantly off target Difficulty in gaining access to properties to allow the work to be carried out. PMI are to identify new addresses. Solar Panels 2,648,098 1,438,792 2,648,098 0 2,648,098 862,456 2,590,000 (58,098) On Target On Target ower anticipated costs HRA Slippage (3,018,759) 0 (1,945,479) 1,073,280 (1,945,479) 0 (1,945,479) SUB TOTAL 13,957,417 7,951,377 12,735,256 (1,222,161) 10,938,658 5,002,651 10,250,745 0 (590,954) (96,959) Other Capital works Estate Based Regeneration 2,208,307 537,936 1,591,351 (616,956) 1,591,351 333,132 1,599,716 8,365 On Target On Target Lift Replacement 568,420 172,575 568,420 0 568,420 172,575 568,420 On Target On Target Sheltered Housing Units 578,939 (42,940) 497,855 (81,084) 497,855 68,277 326,099 (171,756) Slightly off target On Target Final account agreed for Barnett court. Underspend to be added to overall SHU budget High Flats Demolition 0 0 0 0 0 0 On Target On Target Other Capital Works (815) (420) (815) 0 (815) (254) (815) Energy Efficiency 0 0 SUB TOTAL 3,355,666 667,571 2,657,626 (698,040) 2,656,811 573,730 2,493,420 0 (163,391) 0 Total Expenditure 251,546,442 159,564,921 248,937,773 (1,584,465) 47,728,983 19,276,366 44,558,347 0 (2,650,144) (520,492) Income Affordable Housing Contributn (721,008) (721,008) CFCR (8,348,729) (8,348,729) Capital Grants (10,104,000) (8,435,780) (10,104,000) Prudential Borrowing (27,833,626) (24,571,412) 91,578 2,650,144 520,492 Reduced borrowing required to reflect rephasing and projected underspends Use of Reserves (721,620) (721,620) Sale of Assets 0 (11,684) (11,684) (11,684) Capital receipts. Other Capital Income 0 (79,894) (79,894) (79,894) Credit from Scottish water re Harbourside 0 SUB TOTAL (47,728,983) (8,527,358) (44,558,347) 0 2,650,144 520,492 Total Project Expenditure 251,546,442 159,564,921 248,937,773 (1,584,465) 47,728,983 19,276,366 44,558,347 0 (2,650,144) (520,492) Total Project Income (47,728,983) (8,527,358) (44,558,347) 0 2,650,144 520,492
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Appendix 3 Treasury Management Performance to 30 November 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 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. 2025/26 2025/26 2025/26 Original Estimate P8 Projection Movement £m £m £m General Services Capital expenditure 95.807 81.021 (14.786) Funded by: Borrowing 54.463 47.237 (7.226) Receipts / Grants 40.640 33.712 (6.928) Funded from Revenue - 0.072 0.072 Funded from Reserves 0.704 - (0.704) Total 95.807 81.021 (14.786) HRA Capital expenditure 46.003 44.558 (1.445) Funded by: Borrowing 26.107 24.571 (1.536) Receipts / Grants 10.104 10.195 0.091 Funded from Revenue 8.349 8.349 - Funded from Reserves 1.443 1.443 - Total 46.003 44.558 (1.445) Estimates of Capital Expenditure and Income 2025/26 2025/26 2025/26 Original Estimate P8 Projection Movement £m £m £m General Services 466.086 439.577 (26.509) HRA 224.461 214.956 (9.505) Sub-total 690.547 654.533 (36.014) Less PPP/NPD long-term liability (78.590) (78.590) - Loans Capital Financing Requirement (CFR) 611.957 575.943 (36.014) Capital Financing Requirement (CFR) 2025/26 2025/26 Original Estimate P8 Projection % % General Services 4.1% 3.6% HRA 26.5% 26.3% 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 P8 Projection Movement £m £m £m Gross Debt at 31 March 556.653 520.639 (36.014) CFR 611.957 575.943 (36.014) (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 November 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 November including a £5.6m LOBO loan which was repaid when called in May. 2025/26 2025/26 2025/26 Original Estimate £m P8 Projection Movement £m Loans CFR 611.957 575.943 (36.014) Less Balance sheet resources (94.794) (110.088) (15.294) Net loans requirement 517.163 465.855 (51.308) Liquidity allowance 10.000 10.000 - Liability Benchmark 527.163 475.855 (51.308) Liability Benchmark 31-Mar-25 30-Nov-25 Maturity Profile of Borrowing (Indicator 10) Actual Actual Movement £m £m £m Under 12 months 44.954 31.296 (13.658) 12 months and within 24 months 4.917 6.472 1.555 24 months and within 5 years 42.049 49.071 7.022 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 428.879 407.029 (21.850)