Capital Programme Performance to 30 November 2024
North Ayrshire Council · 21 January 2025
Back to Cabinet — 21 January 2025 and its agenda
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NORTH AYRSHIRE COUNCIL 21 January 2025 Cabinet Title: Capital Programme Performance to 30 November 2024 Purpose: To advise Cabinet of progress in delivering the Capital Investment Programme 2024/25. 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 2024; and (ii) the forecast expenditure to 31 March 2025; and (c) 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 2024/25 to 2033/34 was approved by Council on 28 February. The Housing Revenue Account (HRA) Capital Investment Programme 2024/25 sits within the updated HRA Business Plan and was approved by Council on 14 February 2024. 1.2 This report identifies the current programme for 2024/25, taking account of adjustments made to the initial budgets. The report presents the revised budgets at 30 November 2024 (Period 8) and forecast expenditure to 31 March 2025. 1.3 At Period 8 the General Fund is forecasting a net breakeven position against a revised budget of £121.395m. The HRA is forecasting a projected underspend of (£1.078m) against a revised budget of £53.177m. 1.4 Within the General Fund, adjustments to funding have resulted in net additions to the overall capital programme of £2.255m, including additional Scottish Government funding in relation to Millport Town Hall and additional SUSTRANS funding for Ardrossan North Shore. 1.5 Reviews of individual project plans have identified a number of adjustments to the current profiles. As a result, (£9.979m) has been reprofiled for delivery in 2025/26 and beyond. This has been partly offset by the acceleration of £0.062m from future years. 1.6 Within the HRA, a review of delivery timescales has identified a requirement to accelerate £5.110m of expenditure to 2024/25 from future years. This is partly offset by the re-profiling of (£4.134m) for delivery in 2025/26 and beyond.
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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, including Ardrossan Harbour Landside works and Ardrossan North Shore development, incorporating the new campus. However, full quantification of these risks remains an ongoing process. Council has provided for a degree of mitigation within the overall 10-year General Services Capital Investment Programme and the HRA Capital Investment Programme, with significant additional revenue supports identified within the 2024/25 to 2026/27 General Services Revenue budget. 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 2024/25 was approved by Council on 28 February 2024 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 2024/25 General Services budget: General Services Capital 2024/25 £ million Budget as at 31 August 2024 129.057 Changes to Funding 1.913 Other Revisions to the Programme 0.342 Revised Budget 131.312 Alterations to phasing of projects 2024/25 to 2025/26 (9.979) Alterations to phasing of projects 2025/26 to 2024/25 0.062 Budget as at 30 November 2024 121.395
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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 Scottish Government 0.414 Millport Town Hall Scottish Government (0.179) Nature Restoration Fund Sustrans 1.416 Ardrossan North Shore Sustrans 0.105 NCN Development Sustrans 0.077 NCN7 Valefield Bridge Sustrans 0.058 Fairlie Coastal Path Transport Scotland 0.012 20mph Implementation Cycling Scotland Grant 0.010 Abbeycroft Cycle Shelter Total Funding Adjustments 1.913 2.3 Other Revisions to the Programme The programme has also been updated to reflect the undernoted adjustments: Funding Source Amount £ million Project Receipts 0.054 Vehicles CFCR 0.282 47 West Rd CFCR 0.006 Street Furniture Total Other Adjustments 0.342 2.4 Alterations to the Phasing of Projects A review of individual project plans, taking cognisance of the current levels of volatility within the construction sector, has identified a requirement to reprofile (£9.794m) for delivery in 2025/26 and beyond: Project Amount £ million Other minor adjustments (0.067) Total Corporate Services (0.067) Castles & Historic Monuments (0.038) Abbey Tower (0.067) Total Communities & Housing (0.105) UFSM Loudon Montgomery PS (0.086) Ardrossan New Build (4.803) Total Education (4.889) Carefirst Replacement (0.254) Total HSCP (0.254)
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Project Amount £ million Lochshore Hub Play Area (0.052) Irvine Enterprise (0.052) Locality Based Property Review (0.055) Largs Seawall (0.056) AGD I3 DPMC (0.065) Traffic Calming (0.083) Coastal Adaptations (0.088) PBIP (0.100) Millport Coastal FPS (0.129) Ardrossan North Shore (0.246) AGD IMSE (0.400) AGD Hunterston (0.439) VDLF Kyle Rd Ph2 (0.650) Goldcraigs Refurb (0.695) Fleet Decarbonisation (1.500) Other minor adjustments (0.054) Total Place (4.479) Alterations 2024/25 to 2025/26 (9.979) These adjustments have been partly offset by the acceleration £0.062m of expenditure to 2024/25 from future years. Project Amount £ million UFSM Corsehill PS 0.012 Total Education 0.012 Largs Promenade Seawall 0.050 Total Place 0.050 Alterations 2025/26 to 2024/25 0.062 2.5 These adjustments have resulted in a revised 2024/25 budget at 30 November 2024 of £121.395m.
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2.6 The following graph illustrates the movement in each programme on a service basis compared to the revised programme: Approved 0.338 - 21.871 0.569 79.877 2.000 104.655 Programme @ P3 0.570 0.456 18.676 1.412 102.876 4.144 128.134 Programme @ P5 0.490 0.456 18.676 1.481 102.505 5.449 129.057 Programme @ P8 0.423 0.351 15.036 1.730 101.854 2.001 121.395 2.7 The impact on budgeted funding, elements of which are related to the profile of expenditure reported above, is a reduction of £7.662m from the revised budget, including: Category Amount £ million Comments Prudential Borrowing 9.423 Rephased aligned to projected expenditure General Capital Grant 0.179 Rephased and additional government grants Specific Grants 0.337 Rephased and additional government grants CFCR (0.288) Additional CFCR Contribution Other Grants & Contributions (1.900) Rephased and revised contributions Capital Receipts (0.089) Rephased and realigned capital receipts Total Funding Adjustments 7.662
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2.8 Projected Capital Expenditure to 31 March 2025 The projections are summarised by service in the following table: Service / Category Approved Budget 2024/25 £ million Carry Forwards and Adjustments £ million Revised Budget 2024/25 £ million Projected Expenditure / Income to 31 March 2025 £ million Projected Variance Over / (Under) £ million Corporate Services 0.490 (0.067) 0.423 0.423 0.000 Communities & Housing 0.456 (0.105) 0.351 0.351 0.000 Education 18.676 (3.640) 15.036 15.036 0.000 HSCP 1.481 0.249 1.730 1.730 0.000 Place 102.505 (0.651) 101.854 101.854 0.000 Other Items 5.449 (3.448) 2.001 2.001 0.000 Total Expenditure 129.057 (7.662) 121.395 121.395 0.000 General Grants (10.693) 0.179 (10.514) (10.514) 0.000 Specific Grants (17.778) 0.337 (17.441) (17.441) 0.000 Use of Reserve Funds (3.480) 0.000 (3.480) (3.480) 0.000 CFCR (0.133) (0.288) (0.421) (0.421) 0.000 Capital Receipts (4.211) (0.089) (4.300) (4.300) 0.000 Other Grants & Contributions (1.782) (1.900) (3.682) (3.682) 0.000 Prudential Borrowing (90.980) 9.423 (81.557) (81.557) 0.000 Total Income (129.057) 7.662 (121.395) (121.395) 0.000 Information on the progress of all projects can be found in Appendix 1. 2.9 Significant ongoing uncertainty and areas of cost risk have been identified as a result of cost volatility arising from inflationary pressures, outstanding contractor claims 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 Ardrossan Campus, Ardrossan North Shore and Ardrossan landside works. While some mitigation has been built into the Capital Programme in the form of flexibility budgets, totalling £10m 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. It is recognised, however, with a significant budget gap being forecast over the medium term, 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 2.10 The following table outlines the movements in the 2024/25 HRA Capital budget: Housing Revenue Account 2024/25 £m Budget as at 31 August 2024 52.201 Alterations to phasing of projects 2024/25 to 2025/26 (4.134) Alterations to phasing of projects 2025/26 to 2024/25 5.110 Budget as at 30 November 2024 53.177 2.11 Alterations to the Phasing of Projects A review of the timescale for delivery of capital projects has identified a requirement to accelerate of £5.110m of project expenditure for delivery during 2024/25, including: Project Amount £ million SHIP Review 3.991 St Marys Largs 0.307 Total Alterations to New Builds 4.298 EWI 0.597 Electrical Rewiring 0.110 Other minor movements 0.105 Total Alterations to Stock Improvements 0.812 Alterations 2025/26 to 2024/25 5.110 This has been partly offset by the re-profiling of (£4.134m) of works for delivery in 2025/26 and beyond, including: Project Amount £ million Towerlands Primary (2.771) Kings Arms (113-115 High St) (0.541) Acquisition House Open Market (0.273) Garnock Academy Site (0.246) Other Minor Movements (0.002) Total Alterations to New Builds (3.833) Minor Movements (0.005) Total Alterations to Stock Improvements (0.005) Estate Based Regeneration (0.246) Lift Replacement (0.050) Total Alterations to Other Capital Works (0.296) Alterations 2024/25 to 2025/26 (4.134)
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2.12 These adjustments have resulted in a revised 2024/25 budget at 30 November 2024 of £53.177m. 2.13 The impact on budgeted funding is a £0.976m reduction in Prudential Borrowing aligned to the revised programme. 2.14 Projected Capital Expenditure to 31 March 2025 The projections are summarised in the following table: Service / Category Approved Budget 2024/25 £ million Carry Forwards and Adjustments £ million Revised Budget 2024/25 £ million Projected Expenditure / Income to 31 March 2025 £ million Projected Variance Over / (Under) £ million Housing Revenue Account 52.201 0.976 53.177 52.099 (1.078) Total Expenditure 52.201 0.976 53.177 52.099 (1.078) CFCR (11.492) - (11.492) (11.492) - Capital Grants (16.471) - (16.471) (16.471) - Use of Reserves (1.104) - (1.104) (1.104) - Affordable Housing Contribution (0.394) - (0.394) (0.394) - Prudential Borrowing (22.740) (0.976) (23.716) (22.638) 1.078 Total Income (52.201) (0.976) (53.177) (52.099) 1.078 2.15 A net underspend of (£1.078m) is projected within the HRA capital programme for 2024/25 arising from revisions to a number of projects, including: Project Variance £ million Comments Bathrooms / Wet Rooms (0.475) Lower number of void replacements Kitchens (0.526) Lower number of void replacements Heating (0.075) Lower number of Units requiring full replacement St Michael's Wynd (0.009) Project complete St Beya Gardens 0.007 Project complete Total Variance (1.078) 2.16 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 2.17 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 2024/25, approved by Council on the 28 February 2024. 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 2024/25 Approved Estimate £ million 2024/25 Revised Estimate £ million Movement £ million General Services Capital Financing Requirement 346.096 332.443 (13.653) HRA Capital Financing Requirement 198.552 205.388 6.836 Total Loans Capital Financing Requirement 544.648 537.831 (6.817) Gross Borrowing 478.337 474.737 (3.600) Operational Boundary for Borrowing 558.072 567.676 9.604 Authorised Limit for Borrowing 613.879 624.444 10.565 Total Operational Boundary (incl. PPP/NPD) 641.366 650.970 9.604 Total Authorised Limit (incl. PPP/NPD) 697.173 707.738 10.565 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 higher than the approved estimate as a result of the change in profiled use of HRA reserves during 2023/24 resulting in a greater borrowing requirement in that year. 2.22 Gross Borrowing Gross Borrowing is projected to be higher than anticipated due to the revised profile of capital projects partially offset by 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. 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.
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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 November, the estimated percentages for 24/25 are 2.8% and 22.4% 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 5.4%, therefore demonstrating by comparison the prudent nature of the current borrowing policy. For the HRA, the Scottish average was 21.3%. The level of loan charges is deemed prudent and affordable within the framework of the 30-year Housing business plan. 3. Proposals 3.1 That Cabinet agrees to: (a) note the revisions to budgets outlined in the report; and (b) note (i) the General Services and HRA revised budgets at 30 November 2024; and (ii) the forecast expenditure to 31 March 2025; and (c) 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. Environmental and Sustainability 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.
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Community Wealth Building 4.7 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 Programme and Treasury Management Performance to 31 August 2024 – Cabinet 29 October 2024
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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 2024/25 Brought / Carry Forward to 2025/26 Total Revised Budget 2024/25 Year to Date Budget 2024/25 Actual Expenditure to 30th November 2024 Year to date Variance 2024/25 Projected Expenditure to 31st March 2025 Actual Over/ (Under) Spend for 2024/25 True Over/ (Under) Spend £ £ £ £ £ £ £ £ £ £ £ £ £ EXPENDITURE Education Nursery Education 12,039,019 11,882,673 12,039,019 0 148,582 0 148,582 0 (7,764) (7,764) 148,582 0 0 Primary Schools 44,571,165 35,251,708 44,571,165 0 10,687,443 (74,508) 10,612,935 0 7,780,983 7,780,983 10,612,935 0 0 Secondary Schools 89,665,245 7,216,599 89,665,245 0 7,525,280 (4,803,404) 2,721,876 0 2,104,738 2,104,738 2,721,876 0 0 Special Education 25,343,637 25,287,377 25,343,637 0 97,579 0 97,579 0 41,319 41,319 97,579 0 0 Schools Other 1,649,979 1,401,587 1,649,979 0 1,454,999 0 1,454,999 0 1,206,607 1,206,607 1,454,999 0 0 Completed Projects 43,415,700 43,394,998 43,415,700 0 0 0 0 0 (20,702) (20,702) 0 0 0 SUB TOTAL 216,684,744 124,434,942 216,684,744 0 19,913,883 (4,877,912) 15,035,971 0 11,105,181 11,105,181 15,035,971 0 0 Communities & Housing Information & Culture 112,479 6,811 112,479 0 105,916 (104,916) 1,000 0 249 249 1,000 0 0 Other Housing 350,000 0 350,000 0 350,000 0 350,000 0 0 0 350,000 0 0 SUB TOTAL 462,479 6,811 462,479 0 455,916 (104,916) 351,000 0 249 249 351,000 0 0 Corporate Services Council IT Strategy 8,797,380 3,151,680 8,797,380 0 490,334 (67,000) 423,334 0 187,934 187,934 423,334 0 0 SUB TOTAL 8,797,380 3,151,680 8,797,380 0 490,334 (67,000) 423,334 0 187,934 187,934 423,334 0 0 Health & Social Care Management & Support 2,334,608 1,812,413 2,334,608 0 1,144,934 (253,065) 891,869 0 622,739 622,739 891,869 0 0 Housing Non HRA 469,775 345,286 469,775 0 469,775 0 469,775 0 345,286 345,286 469,775 0 0 Adults 4,608,078 4,596,152 4,608,078 0 13,305 0 13,305 0 1,379 1,379 13,305 0 0 Young People 5,579,718 5,224,837 5,579,718 0 355,184 0 355,184 0 303 303 355,184 0 0 SUB TOTAL 12,992,178 11,978,688 12,992,178 0 1,983,198 (253,065) 1,730,133 0 969,707 969,707 1,730,133 0 0 Place Roads 113,243,911 70,040,060 113,243,911 0 27,953,704 (120,953) 27,832,751 0 14,326,552 14,326,552 27,832,751 0 0 Streetscene 7,801,016 4,752,675 7,801,016 0 1,666,170 67,761 1,733,931 0 436,109 436,109 1,733,931 0 0 Transport 7,889,702 1,418,527 7,889,702 0 4,167,243 (1,500,000) 2,667,243 0 1,306,068 1,306,068 2,667,243 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 15,633,597 8,078,982 15,633,597 0 11,116,812 0 11,116,812 0 5,648,294 5,648,294 11,116,812 0 0 Office Accommodation 1,055,057 418,529 1,055,057 0 1,030,196 0 1,030,196 0 418,529 418,529 1,030,196 0 0 Other Property 3,931,136 332,628 3,931,136 0 1,628,668 (771,773) 856,895 0 119,723 119,723 856,895 0 0 Economic Development & Regeneration 174,603,446 62,992,141 174,603,446 0 58,690,884 (2,103,793) 56,587,091 0 29,308,995 29,308,995 56,587,091 0 0 Completed Projects 6,355,261 6,328,602 6,355,261 0 29,376 0 29,376 0 2,716 2,716 29,376 0 0 SUB TOTAL 343,834,617 167,634,685 343,834,617 0 106,283,053 (4,428,758) 101,854,295 0 51,566,986 51,566,986 101,854,295 0 0 Other Other 7,288,556 0 8,301,364 1,012,808 988,192 1,012,808 2,001,000 0 0 0 2,001,000 0 0 SUB TOTAL 7,288,556 0 8,301,364 1,012,808 988,192 1,012,808 2,001,000 0 0 0 2,001,000 0 0 Total Project Expenditure 590,059,954 307,206,806 591,072,762 1,012,808 130,114,576 (8,718,843) 121,395,733 0 63,830,057 63,830,057 121,395,733 0 0 Total Project Income (130,114,576) 8,718,843 (121,395,733) (19,830,095) (19,830,095) 0 (121,395,733) 0 0 Total Net Expenditure 0 0 0 (19,830,095) 43,999,962 63,830,057 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 2024/25 North Ayrshire Council Capital Statement 2024/25 Year Ended 31st March 2025 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 24/25 Variance £ £ £ £ £ £ £ £ £ CAPITAL BORROWING Prudential Borrowing 78,300,250 6,518,408 10,356,808 95,175,466 (5,702,779) 89,472,687 81,557,333 (7,915,354) SUB TOTAL 78,300,250 6,518,408 10,356,808 95,175,466 (5,702,779) 0 89,472,687 0 81,557,333 (7,915,354) SCOTTISH GOVERNMENT FUNDING Specific Capital Grants Active Travel Tier 1 587,000 35,452 622,452 (587,000) 35,452 0 35,452 0 Vacant & Derelict Land Funding 2,376,630 40,544 512,321 2,929,495 (1,200,661) 1,728,834 1,966,494 1,076,884 (651,950) UK Government Grant - AGD i3 Flexible Space 3,403,891 (759,412) (6,774) 2,637,705 (1,386,289) 1,251,416 1,251,416 1,251,416 0 UK Government Grant - AGD Great Harbour 0 1,377,972 1,377,972 0 1,377,972 0 Millport Town Hall Phase 2 0 284,120 284,120 414,425 698,545 284,120 698,545 0 Garrison House Project 0 633,613 633,613 0 633,613 633,613 633,613 0 Ardrossan Promenade 0 578,499 578,499 0 578,499 578,499 578,499 0 Islands Pit Stops 500,000 40,000 540,000 0 540,000 540,000 540,000 0 Place Based Investment Programme 505,000 151,416 620,466 1,276,882 (200,000) 1,076,882 1,276,882 976,882 (100,000) UK Shared Prosperity Fund 0 77,976 77,976 650,794 728,770 728,770 728,770 0 Island Infrastructure Fund 0 (11,408) 80,374 68,966 0 68,966 68,966 68,966 0 B714 Improvements 5,201,946 5,201,946 0 5,201,946 0 5,201,946 0 Digital-SIPP Great Harbour 127,882 114,883 242,765 0 242,765 242,765 242,765 0 Ayrshire 5GIR 0 (19,935) 3,791,000 3,771,065 0 3,771,065 3,771,066 3,771,065 0 Renewal of Play Parks 347,000 (347,000) 0 0 0 0 0 0 Road Safety Improvement Fund 224,826 224,826 0 224,826 0 CO2 Monitors in Schools 0 33,128 33,128 0 33,128 33,128 33,128 0 Capital Grants Flooding (440,000) 440,000 0 0 0 0 0 0 General Capital Grant 9,167,727 439,273 9,607,000 907,000 10,514,000 7,490,664 10,514,000 0 SUB TOTAL 21,777,076 1,015,413 5,713,123 28,505,612 201,067 0 28,706,679 18,866,382 27,954,729 (751,950) OTHER INCOME TO PROGRAMME Use of Funds :- Capital Fund 3,479,853 0 0 3,479,853 0 0 3,479,853 0 3,479,853 0 CFCR 0 0 0 0 421,061 0 421,061 421,061 421,061 0 Grants & Contributions 998,087 254,676 111,562 1,364,325 2,369,491 0 3,733,816 396,702 3,682,277 (51,539) Capital Receipts 100,000 303,480 0 403,480 3,897,000 0 4,300,480 145,949 4,300,480 0 SUB TOTAL 4,577,940 558,156 111,562 5,247,658 6,687,552 0 11,935,210 963,712 11,883,671 (51,539) TOTAL CAPITAL PROGRAMME FUNDING 104,655,266 8,091,977 16,181,493 128,928,736 1,185,840 0 130,114,576 19,830,095 121,395,733 (8,718,843) Approved Budget at Cabinet Feb 2024 Capital Programme Funding 2024/25 Projected Income to 31st March 2025 Approved budget at Period 1 used as revised starting point 2024/25 Actual Income to 30th November 2024Funding Description Carry Forward from 2023/24 Changes after Capital Refresh Feb 2024 Total Changes in Year Changes at Capital Refresh Mar 2025 # 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 2024/25 Year to Date Budget 2024/25 Actual Expenditure to 30th November 2024 Year to date Variance 2024/25 Projected Expenditure to 31 March 2025 Actual Over/ (Under) Spend for 2024/25 True Over/(Under) Spend Brought / Carry Forward to 2025/26 Original Target Revised Forecast Current Project Stage Delivery Status Financial Delivery Status Physical £ £ £ £ £ £ £ £ £ £ £ £ Nursery Education Early Years Programme ST BRIDGETS EARLY YEARS 787,477 787,477 787,477 0 0 0 0 0 0 0 0 Complete Complete Complete Complete Complete KILMORY EARLY YEARS 72,418 71,594 72,418 0 0 0 (824) (824) 0 0 0 Complete Complete Complete Complete Complete ST PETERS EARLY YEARS 1,273,594 1,273,594 1,273,594 0 0 0 0 0 0 0 0 Complete Complete Complete Complete Complete ST JOHN OGILVIE EARLY YEARS 177,415 177,415 177,415 0 0 0 0 0 0 0 0 Complete Complete Complete Complete Complete MAYFIELD PS EARLY YEARS 215,710 215,710 215,710 0 0 0 0 0 0 0 0 Complete Complete Complete Complete Complete BEITH PS EARLY YEARS 341,180 341,180 341,180 0 0 0 0 0 0 0 0 Complete Complete Complete Complete Complete SKELMORLIE PS EARLY YEARS 358,835 358,835 358,835 0 0 0 0 0 0 0 0 Complete Complete Complete Complete Complete WEST KILBRIDE EARLY EARLY YEARS 227,913 227,913 227,913 0 0 0 0 0 0 0 0 Complete Complete Complete Complete Complete GATESIDE EARLY YEARS 407,764 407,764 407,764 0 0 0 0 0 0 0 0 Complete Complete Complete Complete Complete GARNOCK CAMPUS EARLY YEARS 58,755 58,755 58,755 0 0 0 0 0 0 0 0 Complete Complete Complete Complete Complete FAIRLIE EARLY YEARS 208,220 208,220 208,220 0 0 0 0 0 0 0 0 Complete Complete Complete Complete Complete ELDERBANK EARLY YEARS 22,983 22,983 22,983 0 0 0 0 0 0 0 0 Complete Complete Complete Complete Complete DREGHORN EARLY YEARS 82,940 82,940 82,940 0 0 0 0 0 0 0 0 Complete Complete Complete Complete Complete CUMBRAE EARLY YEARS 41,339 41,339 41,339 0 0 0 0 0 0 0 0 Complete Complete Complete Complete Complete LARGS CAMPUS EARLY YEARS 45,836 45,836 45,836 0 0 0 0 0 0 0 0 Complete Complete Complete Complete Complete MOORPARK EARLY YEARS 182 182 182 0 0 0 0 0 0 0 0 Complete Complete Complete Complete Complete PIRNMILL EARLY YEARS 79,223 79,348 79,223 0 0 0 125 125 0 0 0 Complete Complete Complete Complete Complete SHISKINE EARLY YEARS 139,088 139,213 139,088 0 0 0 125 125 0 0 0 Complete Complete Complete Complete Complete CORRIE EARLY YEARS 29,337 29,359 29,337 0 0 0 22 22 0 0 0 Complete Complete Complete Complete Complete LAMLASH EARLY YEARS 10,104 10,229 10,104 0 0 0 125 125 0 0 0 Complete Complete Complete Complete Complete BRODICK EARLY YEARS 364,721 365,054 364,721 0 0 0 333 333 0 0 0 Complete Complete Complete Complete Complete MARRESS HOUSE 4,010,310 3,854,589 4,010,310 0 148,052 0 (7,670) (7,670) 148,052 0 0 Complete Complete Complete Complete Complete ANNICK PRIMARY EXT - EARLY YRS PROVISION 3,083,677 3,083,147 3,083,677 0 530 0 0 0 530 0 0 Complete Complete Complete Complete Complete Total Nursery Education 12,039,019 11,882,673 12,039,019 0 148,582 0 (7,764) (7,764) 148,582 0 0 0 Primary Schools MOORPARK PRIMARY 13,365,164 12,517,722 13,365,164 0 1,899,163 0 1,051,721 1,051,721 1,899,163 0 0 Complete Complete Complete Complete Complete MONTGOMERIE PARK SCHOOL 23,448,999 21,762,587 23,448,999 0 8,109,614 0 6,423,203 6,423,203 8,109,614 0 0 Complete Complete Complete Complete Complete UNIVERSAL FREE SCHOOL MEALS EXPANSION 467,163 0 467,163 0 85,253 0 0 0 85,253 0 0 31-Mar-25 31-Mar-25 Tender On Target On Target UFSM ARDEER PRIMARY SCHOOL 18,117 15,736 18,117 0 14,400 0 12,019 12,019 14,400 0 0 Complete Complete Complete Complete Complete UFSM BRODICK PRIMARY SCHOOL 124,225 124,225 124,225 0 124 0 124 124 124 0 0 Complete Complete Complete Complete Complete UFSM CORRIE PRIMARY SCHOOL 54,007 54,007 54,007 0 30 0 30 30 30 0 0 Complete Complete Complete Complete Complete UFSM CORSEHILL PRIMARY SCHOOL 165,691 130,502 165,691 0 144,763 0 121,247 121,247 156,436 11,673 11,673 30-Sep-24 30-Nov-24 Construction On Target On Target UFSM GARNOCK COMMUNITY CAMPUS 90,000 50,243 90,000 0 64,334 0 43,084 43,084 64,334 0 0 Complete Complete Complete Complete Complete UFSM GLEBE PRIMARY SCHOOL 2,046,397 2,528 2,046,397 0 0 0 0 0 0 0 0 31-Jul-28 31-Jul-28 Feasibility On Target On Target UFSM GLENCAIRN PRIMARY SCHOOL 12,093 10,256 12,093 0 8,440 0 6,603 6,603 8,440 0 0 Complete Complete Complete Complete Complete UFSM HAYOCKS PRIMARY SCHOOL 133,427 87,697 133,427 0 103,906 0 77,547 77,547 103,906 0 0 30-Sep-24 30-Oct-24 Development On Target On Target UFSM KILMORY PRIMARY SCHOOL 65,654 56,230 65,654 0 8,181 0 (1,243) (1,243) 8,181 0 0 Complete Complete Complete Complete Complete UFSM LARGS PRIMARY SCHOOL 148,533 148,533 148,533 0 0 0 0 0 0 0 0 Complete Complete Complete Complete Complete UFSM LOUDOUN-MONTGOMERY PRIMARY SCHOOL 2,082,541 1,463 2,082,541 0 186,181 0 0 0 100,000 (86,181) (86,181) 31-Aug-28 31-Aug-28 Feasibility On Target On Target UFSM PENNYBURN PRIMARY SCHOOL 12,000 9,523 12,000 0 8,440 0 5,963 5,963 8,440 0 0 Complete Complete Complete Complete Complete UFSM SHISKINE PRIMARY SCHOOL 6,616 6,616 6,616 0 0 0 0 0 0 0 0 Complete Complete Complete Complete Complete UFSM WEST KILBRIDE PRIMARY SCHOOL 2,252,503 208,779 2,252,503 0 2,136 0 181 181 2,136 0 0 31-Jul-27 31-Jul-27 On Site On Target On Target UFSM WHITEHIRST PARK PRIMARY 56,212 43,697 56,212 0 52,478 0 40,963 40,963 52,478 0 0 Complete Complete Complete Complete Complete UFSM WHITING BAY PRIMARY SCHOOL 21,822 21,364 21,822 0 0 0 (458) (458) 0 0 0 Complete Complete Complete Complete Complete Total Primary Education 44,571,165 35,251,708 44,571,165 0 10,687,443 0 7,780,983 7,780,983 10,612,935 (74,508) 0 (74,508) Secondary Schools KILWINNING LEARNING ENVIRONMENT 2,805,435 2,747,236 2,805,435 0 271,377 0 213,178 213,178 271,377 0 0 Complete Complete Complete Complete Complete ARDROSSAN NEW BUILD 86,859,810 4,469,364 86,859,810 0 7,253,903 0 1,891,560 1,891,560 2,450,499 (4,803,404) (4,803,404) 31-Jul-27 31-Jul-27 In Development On Target On Target Total Secondary Education 89,665,245 7,216,599 89,665,245 0 7,525,280 0 2,104,738 2,104,738 2,721,876 (4,803,404) 0 (4,803,404) Special Education LOCKHART CAMPUS 25,343,637 25,287,377 25,343,637 0 97,579 0 41,319 41,319 97,579 0 0 Complete Complete Snagging Complete Complete Total Special Education 25,343,637 25,287,377 25,343,637 0 97,579 0 41,319 41,319 97,579 0 0 0 Schools Other CO2 MONITORS IN SCHOOLS 298,000 260,422 298,000 0 103,020 0 65,442 65,442 103,020 0 0 31-Mar-25 31-Mar-25 Planning On Target On Target SCHOOLS ICT INVESTMENT * 1,351,979 1,141,165 1,351,979 0 1,351,979 0 1,141,165 1,141,165 1,351,979 0 0 31-Mar-25 31-Mar-25 On-going On Target On Target Total Schools Other 1,649,979 1,401,587 1,649,979 0 1,454,999 0 1,206,607 1,206,607 1,454,999 0 0 0 Completed Projects GARNOCK CAMPUS 40,304,366 40,283,664 40,304,366 0 0 0 (20,702) (20,702) 0 0 0 Complete Complete Complete Complete Complete AUCHENHARVIE SECONDARY ESTATE LEARNING ENVT 3,111,334 3,111,334 3,111,334 0 0 0 0 0 0 0 0 Complete Complete Complete Complete Complete Total Completed Projects 43,415,700 43,394,998 43,415,700 0 0 0 (20,702) (20,702) 0 0 0 0 Total Education 216,684,744 124,434,942 216,684,744 0 19,913,883 0 11,105,181 11,105,181 15,035,971 (4,877,912) 0 (4,877,912) CAPITAL MONITORING 2024/25 CommentsProject Description TOTAL PROJECT COMPLETION DATES DELIVERY STATUS2024/25 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 2024/25 Year to Date Budget 2024/25 Actual Expenditure to 30th November 2024 Year to date Variance 2024/25 Projected Expenditure to 31 March 2025 Actual Over/ (Under) Spend for 2024/25 True Over/(Under) Spend Brought / Carry Forward to 2025/26 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 0 0 0 (38,303) (38,303) Holding Code Holding Code Holding Code Holding Code Holding Code ABBEY TOWER 74,176 6,811 74,176 0 67,613 0 249 249 1,000 (66,613) (66,613) 31-Mar-26 31-Mar-26 Procurement On Target On Target Total Information & Cultural 112,479 6,811 112,479 0 105,916 0 249 249 1,000 (104,916) 0 (104,916) Other Housing CCTV REVIEW 350,000 0 350,000 0 350,000 0 0 0 350,000 0 0 31-Mar-25 31-Mar-25 Planning On Target On Target Total Other Housing 350,000 0 350,000 0 350,000 0 0 0 350,000 0 0 0 Total Communities & Housing 462,479 6,811 462,479 0 455,916 0 249 249 351,000 (104,916) 0 (104,916) Comments CAPITAL MONITORING 2024/25 Project Description TOTAL PROJECT 2024/25 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 2024/25 Year to Date Budget 2024/25 Actual Expenditure to 30th November 2024 Year to date Variance 2024/25 Projected Expenditure to 31 March 2025 Actual Over/ (Under) Spend for 2024/25 True Over/(Under) Spend Brought / Carry Forward to 2025/26 Original Target Revised Forecast Current Project Stage Delivery Status Financial Delivery Status Physical £ £ £ £ £ £ £ £ £ £ £ £ Council IT Strategy ICT INVESTMENT FUND 4,065,580 1,313,275 4,065,580 0 437,709 0 183,704 183,704 387,709 (50,000) (50,000) 31-Mar-26 31-Mar-26 On-going On Target On Target WAN 912,107 412,107 912,107 0 0 0 0 0 0 0 0 Complete Complete Complete Complete Complete LAN/WiFi 2,673,000 1,173,000 2,673,000 0 2,958 0 2,958 2,958 2,958 0 0 Complete Complete Complete Complete Complete TELEPHONY 1,146,693 253,298 1,146,693 0 49,667 0 1,272 1,272 32,667 (17,000) (17,000) 31-Mar-28 31-Mar-28 Implementation On Target On Target Total IT Strategy 8,797,380 3,151,680 8,797,380 0 490,334 0 187,934 187,934 423,334 (67,000) 0 (67,000) Total Corporate Services 8,797,380 3,151,680 8,797,380 0 490,334 0 187,934 187,934 423,334 (67,000) 0 (67,000) CAPITAL MONITORING 2024/25 CommentsProject Description COMPLETION DATESTOTAL PROJECT DELIVERY STATUS2024/25 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 2024/25 Year to Date Budget 2024/25 Actual Expenditure to 30th November 2024 Year to date Variance 2024/25 Projected Expenditure to 31 March 2025 Actual Over/ (Under) Spend for 2024/25 True Over/(Under) Spend Brought / Carry Forward to 2025/26 Original Target Revised Forecast Current Project Stage Delivery Status Financial Delivery Status Physical £ £ £ £ £ £ £ £ £ £ £ £ Management & Support COMMUNITY ALARMS - ANALOGUE TO DIGITAL 1,217,000 1,136,616 1,217,000 0 310,482 0 230,098 230,098 310,482 0 0 31-Dec-24 31-Dec-24 In progress On Target On Target CAREFIRST REPLACEMENT 536,058 282,993 536,058 0 268,065 0 15,000 15,000 15,000 (253,065) (253,065) 31-Aug-24 09-Jun-25 In development On Target Significantly off target Extended to June 2025 to ensure testing of additional requirements 47 WEST ROAD 581,550 392,804 581,550 0 566,387 0 377,641 377,641 566,387 0 0 21-Jun-24 29-Nov-24 Refurbishment On Target On Target Total Management & Support 2,334,608 1,812,413 2,334,608 0 1,144,934 0 622,739 622,739 891,869 (253,065) 0 (253,065) Housing Non HRA IMPROVEMENT GRANTS * 469,775 345,286 469,775 0 469,775 0 345,286 345,286 469,775 0 0 31-Mar-25 31-Mar-25 Ongoing On Target On Target Total Housing Non HRA 469,775 345,286 469,775 0 469,775 0 345,286 345,286 469,775 0 0 0 Adults TRINDLEMOSS 4,608,078 4,596,152 4,608,078 0 13,305 0 1,379 1,379 13,305 0 0 Complete Complete Complete Complete Complete Total Older People 4,608,078 4,596,152 4,608,078 0 13,305 0 1,379 1,379 13,305 0 0 0 Young People RESIDENTIAL & RESPITE UNIT 5,579,718 5,224,837 5,579,718 0 355,184 0 303 303 355,184 0 0 Complete Complete Snagging Complete Complete Total Young People 5,579,718 5,224,837 5,579,718 0 355,184 0 303 303 355,184 0 0 0 Total Health & Social Care 12,992,178 11,978,688 12,992,178 0 1,983,198 0 969,707 969,707 1,730,133 (253,065) 0 (253,065) CAPITAL MONITORING 2024/25 2024/25 BUDGETSTOTAL PROJECT COMPLETION DATES CommentsProject Description 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 2024/25 Year to Date Budget 2024/25 Actual Expenditure to 30th November 2024 Year to date Variance 2024/25 Projected Expenditure to 31 March 2025 Actual Over/ (Under) Spend for 2024/25 True Over/(Under) Spend Brought / Carry Forward to 2025/26 Original Target Revised Forecast Current Project Stage Delivery Status Financial Delivery Status Physical £ £ £ £ £ £ £ £ £ £ £ £ Roads ROADS IMPROVE/RECONSTRUCTION * 3,528,404 2,974,734 3,528,404 0 3,528,404 0 2,974,734 2,974,734 3,528,404 0 0 31-Mar-25 31-Mar-25 Multiple Projects On Target On Target ROAD SAFETY IMPROVEMENT FUND 224,826 40,445 224,826 0 224,826 0 40,445 40,445 224,826 0 0 Complete Complete Complete Complete Complete PANEL REINSTATEMENT WORKS 148,494 0 148,494 0 148,494 0 0 0 148,494 0 0 31-Mar-25 31-Mar-25 In Development On Target On Target ROADS REMEDIATION WORKS 106,183 18,973 106,183 0 106,183 0 18,973 18,973 106,183 0 0 31-Mar-25 31-Mar-25 In Development On Target On Target 20MPH IMPLEMENTATION 12,000 0 0 0 12,000 0 0 31-Mar-25 31-Mar-25 In Development On Target On Target TRAFFIC CALMING 175,000 0 175,000 0 82,953 0 0 0 0 (82,953) (82,953) 31-Mar-26 31-Mar-26 In Development On Target On Target DOCKHEAD STREET SALTCOATS 100,000 0 100,000 0 0 0 0 0 0 0 0 31-Mar-26 31-Mar-26 In development On Target On Target LIGHTING * 1,409,072 429,069 1,409,072 0 1,409,072 0 429,069 429,069 1,409,072 0 0 31-Mar-25 31-Mar-25 Multiple Projects On Target On Target LED LIGHTING REPLACEMENT 695,000 2,284 695,000 0 12,754 0 2,284 2,284 12,754 0 0 31-Mar-25 31-Mar-25 Multiple Projects On Target On Target UPPER GARNOCK FPS 18,503,801 18,221,396 18,503,801 0 390,335 0 107,930 107,930 390,335 0 0 Complete Complete Complete Complete Complete MILLPORT COASTAL FPS 48,599,797 40,249,372 48,599,797 0 17,315,176 0 8,964,751 8,964,751 17,315,176 0 0 Complete Complete Complete Complete Complete MILLBURN FPS 1,757,000 336,656 1,757,000 0 75,000 0 40,754 40,754 75,000 0 0 31-Jul-24 31-Mar-26 In Development On Target Slightly off target Delays in getting third party agreement MILLPORT PIER 500,000 150,080 500,000 0 60,000 0 0 0 60,000 0 0 31-Dec-25 31-Dec-25 In Development On Target On Target BRIDGES INFRASTRUCTURE PROG * 899,665 203,044 899,665 0 899,665 0 203,044 203,044 899,665 0 0 31-Mar-25 31-Mar-25 Multiple Projects On Target On Target LARGS PROMENADE SEAWALL 4,617,728 4,583,315 4,617,728 0 1,074,016 0 1,089,604 1,089,604 1,124,016 50,000 50,000 Complete Complete Complete Complete Complete COASTAL ADAPTATIONS 99,000 0 99,000 0 99,000 0 0 0 11,000 (88,000) (88,000) 31-Mar-28 31-Mar-28 In Development On Target On Target B714 UPGRADE 31,693,443 2,734,308 31,693,443 0 2,409,350 0 438,605 438,605 2,409,350 0 0 31-Jul-26 30-Nov-26 In Development On Target Significantly off target Project delayed pending outcome of public inquiry which will then allow completion of the final business case for UK Govt. approval. PARKING CHARGES & DPE 186,501 96,383 186,501 0 106,476 0 16,359 16,359 106,476 0 0 31-Mar-25 31-Mar-25 In Development On Target On Target Total Roads 113,243,911 70,040,060 113,243,911 0 27,953,704 0 14,326,552 14,326,552 27,832,751 (120,953) 0 (120,953) Streetscene CEMETERY EXTNS, WALLS & INFRA * 424,602 0 424,602 0 (37,939) 0 0 0 0 37,939 37,939 Holding Code Holding Code Holding Code Holding Code Holding Code CMTY, ARDROSSAN - PLOTS/WALLS 217,921 160,857 217,921 0 58,387 0 1,323 1,323 58,387 0 0 Complete Complete Complete Complete Complete CMTY, KILWINNING - NEW 1,404,577 1,375,617 1,404,577 0 440 0 (28,520) (28,520) 440 0 0 Complete Complete Complete Complete Complete CMTY, KNADGERHILL - EXTENSION 416,470 415,470 416,470 0 1,000 0 0 0 1,000 0 0 Complete Complete Complete Complete Complete CMTY, WEST KILBRIDE - WORKS 390,275 393,954 390,275 0 10,391 0 14,070 14,070 10,391 0 0 Complete Complete Complete Complete Complete CMTY, STEV HIGH ROAD - WORKS 519,641 518,144 519,641 0 12,363 0 10,866 10,866 12,363 0 0 Complete Complete Complete Complete Complete CMTY, BRODICK - NEW 12,000 10,341 12,000 0 1,659 0 0 0 1,659 0 0 On Hold On Hold On Hold On Hold On Hold CMTY, KILBIRNIE - WALLS 136,138 114,874 136,138 0 88,477 0 76,213 76,213 88,477 0 0 31-Mar-25 31-Mar-25 Construction On Target On Target CMTY, BEITH - WALLS 185,581 153,108 185,581 0 84,261 0 51,788 51,788 84,261 0 0 31-Mar-25 31-Mar-25 Construction On Target On Target CMTY, ABBEY TOWER - WALLS 132,690 33,058 132,690 0 91,531 0 21,720 21,720 121,353 29,822 29,822 31-Aug-25 31-Jan-25 Site Mobilisation On Target On Target CMTY, STEV HAWKHILL - WALLS 91,088 68,060 91,088 0 81,248 0 58,220 58,220 81,248 0 0 20-Sep-24 31-Dec-24 Tender awarded On Target On Target CMTY, WEST KILBRIDE - WALLS 100,865 69,459 100,865 0 93,901 0 62,495 62,495 93,901 0 0 30-Aug-24 30-Nov-24 Construction On Target On Target CMTY, MILLPORT - WALLS 2,846 2,846 2,846 0 0 0 0 0 0 0 0 Future years Future years Feasibility Works On Target On Target CMTY, ARDROSSAN - WALLS 4,338 4,338 4,338 0 0 0 0 0 0 0 0 Future years Future years Feasibility Works On Target On Target CMTY, IRVINE OP CHURCH - WALLS 2,775 2,775 2,775 0 0 0 0 0 0 0 0 Future years Future years Feasibility Works On Target On Target CMTY, DREGHORN - WALLS 13,175 13,051 13,175 0 4,935 0 4,812 4,812 4,935 0 0 Future years Future years Feasibility Works On Target On Target CMTY, KILBIRNIE BARONY - WALLS 1,828 1,828 1,828 0 0 0 0 0 0 0 0 Future years Future years Feasibility Works On Target On Target CMTY, LAMLASH - WALLS 3,627 3,627 3,627 0 0 0 0 0 0 0 0 Future years Future years Feasibility Works On Target On Target CMTY, STEV HIGH KIRK - WORKS 22,754 23,354 22,754 0 0 0 600 600 0 0 0 Future years Future years Feasibility Works On Target On Target CMTY, KILBIRNIE - NEW 1,051,663 43,653 1,051,663 0 725,303 0 6,210 6,210 725,303 0 0 31-Mar-26 31-Mar-26 Feasibility Works On Target On Target CMTY, DALRY - WALLS 2,450 2,450 2,450 0 0 0 0 0 0 0 0 On Target On Target CMTY, ARDROSSAN - EXTENSION 464,703 14,703 464,703 0 0 0 0 0 0 0 0 31-Mar-25 31-Mar-25 Planning On Target On Target CMTY, SHEWALTON - WALLS 2,235 2,179 2,235 0 2,235 0 2,179 2,179 2,235 0 0 Complete Complete Complete Complete Complete COASTAL PLAY PARKS 433,790 433,791 433,790 0 13,725 0 13,725 13,725 13,725 0 0 31-Mar-25 31-Mar-25 Planning On Target On Target STREET FURNITURE IMPROVEMENT 222,090 223,350 222,090 0 45,786 0 47,046 47,046 45,786 0 0 31-Mar-25 31-Mar-25 Planning On Target On Target PARK ENABLING WORKS 149,895 147,715 149,895 0 1,217 0 (963) (963) 1,217 0 0 31-Mar-25 31-Mar-25 Planning On Target On Target RENEWAL OF PLAY PARKS 1,391,000 520,075 1,391,000 0 387,250 0 94,325 94,325 387,250 0 0 31-Mar-25 31-Mar-25 Construction On Target On Target Total Streetscene 7,801,016 4,752,675 7,801,016 0 1,666,170 0 436,109 436,109 1,733,931 67,761 0 67,761 Transport VEHICLES * 2,221,666 1,297,025 2,221,666 0 2,221,666 0 1,297,025 1,297,025 2,221,666 0 0 31-Mar-25 31-Mar-25 Ongoing On Target On Target FLEET DECARBONISATION 5,668,036 121,501 5,668,036 0 1,945,577 0 9,043 9,043 445,577 (1,500,000) (1,500,000) 31-Mar-25 31-Mar-25 Ongoing On Target On Target Total Transport 7,889,702 1,418,527 7,889,702 0 4,167,243 0 1,306,068 1,306,068 2,667,243 (1,500,000) 0 (1,500,000) Waste Services SHEWALTON LANDFILL 13,321,491 13,272,542 13,321,491 0 0 0 0 0 0 0 0 Complete Complete Complete Complete Complete Total Waste Services 13,321,491 13,272,542 13,321,491 0 0 0 0 0 0 0 0 0 Comments CAPITAL MONITORING 2024/25 COMPLETION DATES Project Description TOTAL PROJECT 2024/25 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 2024/25 Year to Date Budget 2024/25 Actual Expenditure to 30th November 2024 Year to date Variance 2024/25 Projected Expenditure to 31 March 2025 Actual Over/ (Under) Spend for 2024/25 True Over/(Under) Spend Brought / Carry Forward to 2025/26 Original Target Revised Forecast Current Project Stage Delivery Status Financial Delivery Status Physical Comments CAPITAL MONITORING 2024/25 COMPLETION DATES Project Description TOTAL PROJECT 2024/25 BUDGETS DELIVERY STATUS Renewable Energy SOLAR PV RETROFIT EXTENSION 120,000 120,000 120,000 0 77,365 0 77,365 77,365 77,365 0 0 Complete Complete Complete Complete Complete SOLAR PV INVESTMENT - NETHERMAINS 7,889,153 5,600,225 7,889,153 0 6,784,594 0 4,756,387 4,756,387 6,784,594 0 0 31-Dec-24 31-Jan-25 Work Ongoing On Target On Target SOLAR PV INVESTMENT - SHEWALTON 5,913,443 1,298,619 5,913,443 0 3,480,264 0 690,817 690,817 3,480,264 0 0 31-Dec-24 31-Jan-25 Work Ongoing On Target On Target NON DOMESTIC ENERGY EFFICIENCY PROGRAMME 1,000,000 943,599 1,000,000 0 63,589 0 7,187 7,187 63,589 0 0 31-Mar-25 31-Mar-25 Work Ongoing On Target On Target NATURE RESTORATION FUND 711,000 116,538 711,000 0 711,000 0 116,538 116,538 711,000 0 0 31-Aug-24 31-Mar-25 Planning On Target On Target Total Renewable Energy 15,633,597 8,078,982 15,633,597 0 11,116,812 0 5,648,294 5,648,294 11,116,812 0 0 0 Office Accommodation PROPERTY LIFECYCLE INVESTMENT * 124,792 0 124,792 0 124,792 0 0 0 124,792 0 0 31-Mar-25 31-Mar-25 Mulitple projects On Target On Target PLI NA HERITAGE CTR 4,950 4,950 4,950 0 4,950 0 4,950 4,950 4,950 0 0 Complete Complete Complete Complete Complete PLI TRINITY CHURCH ANNEX 3,384 3,384 3,384 0 3,384 0 3,384 3,384 3,384 0 0 Complete Complete Complete Complete Complete PLI CALEY COURT RESOURCE CTR 4,800 5,916 4,800 0 4,800 0 5,916 5,916 4,800 0 0 Complete Complete Complete Complete Complete PLI CASTLEVIEW DAY SERVICES 55,932 47,204 55,932 0 55,932 0 47,204 47,204 55,932 0 0 Complete Complete Complete Complete Complete PLI WEST KILBRIDE COMM CTR 2,304 2,304 2,304 0 2,304 0 2,304 2,304 2,304 0 0 Complete Complete Complete Complete Complete PLI PORTLAND PLACE 21,426 0 21,426 0 21,426 0 0 0 21,426 0 0 30-Nov-24 30-Nov-24 Construction On Target On Target PLI WEST BYREHILL DEPOT 3,252 (14,019) 3,252 0 3,252 0 (14,019) (14,019) 3,252 0 0 Complete Complete Complete Complete Complete PLI GOLDCRAIGS DEPOT 145,860 1,036 145,860 0 120,999 0 1,036 1,036 120,999 0 0 31-Mar-25 30-Jun-25 Planning On Target On Target PLI CALEDONIA PRIMARY 5,000 2,794 5,000 0 5,000 0 2,794 2,794 5,000 0 0 31-Aug-25 31-Aug-25 Planning On Target On Target PLI DALRY PRIMARY SCHOOL 68,314 2,457 68,314 0 68,314 0 2,457 2,457 68,314 0 0 Complete Complete Complete Complete Complete PLI HAYOCKS PRIMARY SCHOOL 1,000 0 1,000 0 1,000 0 0 0 1,000 0 0 30-Sep-24 31-Aug-25 Planning On Target On Target PLI PENNYBURN PRIMARY 8,533 1,169 8,533 0 8,533 0 1,169 1,169 8,533 0 0 Complete Complete Complete Complete Complete PLI SHISKINE PRIMARY 1,552 1,552 1,552 0 1,552 0 1,552 1,552 1,552 0 0 Complete Complete Complete Complete Complete PLI SKELMORLIE PRIMARY SCHOOL 494,500 266,828 494,500 0 494,500 0 266,828 266,828 494,500 0 0 Complete Complete Complete Complete Complete PLI AUCHENHARVIE ACADEMY* 0 3,000 0 0 0 0 3,000 3,000 0 0 0 Complete Complete Complete Complete Complete PLI KILWINNING ACADEMY 0 (4,449) 0 0 0 0 (4,449) (4,449) 0 0 0 Complete Complete Complete Complete Complete PLI DALRY EYC 10,915 10,915 10,915 0 10,915 0 10,915 10,915 10,915 0 0 Complete Complete Complete Complete Complete PLI SPRINGVALE EYC 6,951 6,951 6,951 0 6,951 0 6,951 6,951 6,951 0 0 Complete Complete Complete Complete Complete PLI ARRAN OUTDOOR CENTRE 2,246 0 2,246 0 2,246 0 0 0 2,246 0 0 Complete Complete Complete Complete Complete PLI UNIT 83 THIRD AVENUE 9,000 8,990 9,000 0 9,000 0 8,990 8,990 9,000 0 0 Complete Complete Complete Complete Complete PLI DALRY LIBRARY 11,500 6,549 11,500 0 11,500 0 6,549 6,549 11,500 0 0 Complete Complete Complete Complete Complete PLI BRIDGEGATE HOUSE 0 0 0 0 0 0 0 0 0 0 0 Cancelled Cancelled Cancelled Complete Complete PLI CUNNINGHAME HOUSE 3,591 3,591 3,591 0 3,591 0 3,591 3,591 3,591 0 0 Complete Complete Complete Complete Complete PLI ABBEYCROFT 11,843 11,843 11,843 0 11,843 0 11,843 11,843 11,843 0 0 Complete Complete Complete Complete Complete PLI THE MEADOWS 14,500 10,903 14,500 0 14,500 0 10,903 10,903 14,500 0 0 Complete Complete Complete Complete Complete PLI ANAM CARA 13,542 10,773 13,542 0 13,542 0 10,773 10,773 13,542 0 0 Complete Complete Complete Complete Complete PLI MONTROSE HOUSE 4,000 3,578 4,000 0 4,000 0 3,578 3,578 4,000 0 0 Complete Complete Complete Complete Complete PLI EGLINTON CASTLE 10,370 10,370 10,370 0 10,370 0 10,370 10,370 10,370 0 0 Complete Complete Complete Complete Complete PLI GARNOCK CAMPUS 11,000 9,940 11,000 0 11,000 0 9,940 9,940 11,000 0 0 Complete Complete Complete Complete Complete Total Office Accommodation 1,055,057 418,529 1,055,057 0 1,030,196 0 418,529 418,529 1,030,196 0 0 0 Other Property LOCALITY BASED PROPERTY REVIEW 590,889 0 590,889 0 54,481 0 0 0 0 (54,481) (54,481) 31-Mar-25 31-Mar-25 In development On Target On Target LBPR NA HERITAGE CTR 10,000 4,667 10,000 0 10,000 0 4,667 4,667 10,000 0 0 01-Nov-24 01-Nov-24 In development On Target On Target LBPR - TRINITY CHURCH 25,000 0 0 0 25,000 0 0 31-Mar-25 31-Mar-25 Planning On Target On Target LBPR STEVENSTON COMPLEX 187,000 0 187,000 0 2,000 0 0 0 2,000 0 0 31-Dec-24 31-Dec-24 In development On Target On Target LBPR UNIT 48 KYLE ROAD 10,000 1,999 10,000 0 10,000 0 1,999 1,999 10,000 0 0 31-Dec-24 31-Dec-24 In development On Target On Target LBPR IRVINE LIBRARY 50,000 28,794 50,000 0 50,000 0 28,794 28,794 50,000 0 0 31-Mar-25 31-Mar-25 In development On Target On Target LBPR CUNNINGHAME HOUSE 238,000 26,565 238,000 0 55,000 0 26,565 26,565 55,000 0 0 31-Mar-27 31-Mar-27 In development On Target On Target LBPR CUNNINGHAME HOUSE GRD EAST/4TH WEST 916,458 0 916,458 0 63,905 0 0 0 63,905 0 0 21-Dec-25 21-Dec-25 In development On Target On Target LBPR CUNNINGHAME HOUSE GRD WEST 202,614 0 202,614 0 202,614 0 0 0 202,614 0 0 02-Feb-25 02-Feb-25 In development On Target On Target LBPR - THE TOWNHOUSE 25,000 25,000 0 25,000 0 0 0 25,000 0 0 31-Mar-25 31-Mar-25 Planning On Target On Target LBPR THE CIRCUIT 245,039 0 245,039 0 20,000 0 0 0 20,000 0 0 31-Mar-27 31-Mar-27 In development On Target On Target EMERGENCY CONTROL CTR 158,000 124,888 158,000 0 90,809 0 57,697 57,697 90,809 0 0 31-Mar-25 31-Mar-25 In development On Target On Target GOLDCRAIGS REFURBISHMENT 1,163,495 36,650 1,163,495 0 994,283 0 0 0 299,265 (695,018) (695,018) 31-Mar-26 05-May-26 In development On Target On Target WOODLANDS PRIMARY PLAYINGFIELD DRAINAGE 134,641 109,065 134,641 0 25,576 0 0 0 3,302 (22,274) (22,274) Complete Complete Complete Complete Complete Total Property 3,931,136 332,628 3,931,136 0 1,628,668 0 119,723 119,723 856,895 (771,773) 0 (771,773) # 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 2024/25 Year to Date Budget 2024/25 Actual Expenditure to 30th November 2024 Year to date Variance 2024/25 Projected Expenditure to 31 March 2025 Actual Over/ (Under) Spend for 2024/25 True Over/(Under) Spend Brought / Carry Forward to 2025/26 Original Target Revised Forecast Current Project Stage Delivery Status Financial Delivery Status Physical Comments CAPITAL MONITORING 2024/25 COMPLETION DATES Project Description TOTAL PROJECT 2024/25 BUDGETS DELIVERY STATUS Regeneration REPURPOSING PROPERTY GRANT FUND 254,179 94,895 254,179 0 253,499 0 94,215 94,215 253,499 0 0 30-May-25 30-May-25 In development On Target On Target MILLPORT TOWN HALL PHASE 2 1,198,545 603,058 1,198,545 0 1,198,545 0 603,058 603,058 1,198,545 0 0 31-May-23 31-Mar-25 Construction 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. GARRISON HOUSE PROJECT 633,613 91,061 633,613 0 633,613 0 91,061 91,061 633,613 0 0 31-Mar-25 31-Mar-25 In development On Target On Target ISLANDS PIT STOPS 540,000 5,078 540,000 0 540,000 0 5,078 5,078 540,000 0 0 31-Jul-24 31-Mar-25 In development On Target On Target ISLAND INFRASTRUCTURE FUND 187,592 128,896 187,592 0 68,966 0 10,270 10,270 68,966 0 0 31-Mar-24 31-Dec-24 Construction On Target On Target PLACE BASED INVESTMENT PROGRAMME (PBIP) 424,401 160,307 424,401 0 393,624 0 129,530 129,530 293,624 (100,000) (100,000) 31-Mar-26 31-Mar-26 In development On Target On Target UK SHARED PROSPERITY FUND (SPF) 728,770 452,915 728,770 0 728,770 0 452,915 452,915 728,770 0 0 31-Mar-25 31-Mar-25 In development On Target On Target DIGITAL - SIPP GREAT HARBOUR 242,765 0 242,765 0 242,765 0 0 0 242,765 0 0 31-Mar-25 31-Mar-25 Construction On Target On Target AYRSHIRE 5GIR 3,791,001 140,209 3,791,001 0 3,771,066 0 120,274 120,274 3,771,066 0 0 31-Mar-25 31-Mar-25 Construction On Target On Target PBIP – KILWINNING ABBEY IMPROVEMENTS 235,354 0 235,354 0 35,354 0 0 0 35,354 0 0 31-Mar-25 31-Dec-25 In development On Target On Target LOCHSHORE HUB PLAY AREA 355,000 286,726 355,000 0 312,817 0 244,543 244,543 260,867 (51,950) (51,950) Complete Complete Complete Complete Complete PBIP 36 BANK STREET 169,999 110,138 169,999 0 62,761 0 2,900 2,900 62,761 0 0 31-Dec-25 31-Dec-25 In development On Target On Target PBIP GALT HOUSE 50,000 4,125 50,000 0 45,875 0 0 0 45,875 0 0 31-Mar-24 31-Mar-25 In development On Target On Target IRVINE HIGH STREET 2,837,315 2,723,017 2,837,315 0 101,314 0 (12,984) (12,984) 101,314 0 0 Complete Complete Complete Complete Complete MILLPORT CARS 10,993 0 10,993 0 10,993 0 0 0 10,993 0 0 Complete Complete Complete Complete Complete MONTGOMERIE PARK MASTERPLAN 4,218,598 1,900,067 4,218,598 0 199,258 0 108,228 108,228 199,258 0 0 31-Mar-30 31-Mar-30 In development On Target On Target LOCHSHORE, KILBIRNIE 2,201,138 1,925,778 2,201,138 0 297,122 0 21,762 21,762 297,122 0 0 31-May-25 31-May-25 In development On Target On Target LOCHSHORE GARNOCK HUB 4,145,999 4,087,907 4,145,999 0 58,991 0 899 899 18,000 (40,991) (40,991) Complete Complete Complete Complete Complete VDLF - KYLE ROAD PHASE 2 1,998,066 149,155 1,998,066 0 700,000 0 4,150 4,150 50,000 (650,000) (650,000) 31-Mar-24 31-Mar-26 In development On Target On Target VDLF - ANNICKBANK PH 3 1,948,996 1,889,896 1,948,996 0 56,210 0 (2,890) (2,890) 56,210 0 0 Complete Complete Complete Complete Complete LUF3 - ANNICKBANK 190,000 191,718 190,000 0 190,000 0 191,718 191,718 190,000 0 0 31-Mar-26 31-Mar-26 In development On Target On Target VDLF - DEVELOPMENT WORK 214,326 107,621 214,326 0 120,859 0 14,154 14,154 120,859 0 0 31-Mar-25 31-Mar-25 In development On Target On Target VDLF - TREE PLANTING 50,000 2,400 50,000 0 0 0 0 0 0 0 0 31-Dec-24 31-Dec-25 In development On Target On Target MONTGOMERIE PARK NEIGHBOURHOOD CTR 288,203 169,037 288,203 0 288,203 0 169,037 169,037 288,203 0 0 31-Mar-24 31-Dec-24 In development On Target On Target VDLF STALLED SPACES FUND 113,000 0 113,000 0 113,000 0 0 0 113,000 0 0 31-Mar-24 31-Mar-26 In development On Target On Target QUARRY ROAD PHASE 2 5,209,497 5,204,719 5,209,497 0 4,778 0 0 0 4,778 0 0 Complete Complete Complete Complete Complete ACTIVE TRAVEL TIER 1 942,452 2,415,864 942,452 0 942,452 0 280,442 280,442 942,452 0 0 31-Mar-25 31-Mar-25 Various On Target On Target ACCESS PATH NETWORK PROGRAMME * 618,106 117,666 618,106 0 618,106 0 117,666 117,666 618,106 0 0 31-Mar-25 31-Mar-25 Various On Target On Target NORTH CRESCENT COASTAL PATH 2 199,603 0 199,603 0 199,603 0 0 0 199,603 0 0 31-Mar-25 31-Mar-25 Construction On Target On Target FAIRLIE COASTAL PATH 392,504 291,114 392,504 0 392,504 0 291,114 291,114 392,504 0 0 31-Dec-23 30-Sep-24 Construction On Target On Target ARDROSSAN PROMENADE 578,499 702,309 578,499 0 578,499 0 492,808 492,808 578,499 0 0 Complete Complete Complete Complete Complete KILBIRNIE TO KILWINNING 18,333 18,333 18,333 0 0 0 0 0 0 0 0 Complete Complete Complete Complete Complete B777 CORRIDOR IMPROVEMENTS 84,569 84,569 84,569 0 0 0 0 0 0 0 0 Complete Complete Complete Complete Complete NCN73 ACCESSABILITY IMPROVEMENTS 62,482 15,882 62,482 0 46,600 0 0 0 46,600 0 0 31-Mar-25 31-Mar-25 Construction On Target On Target LINKS TO EGLINTON PARK 183,874 168,176 183,874 0 95,000 0 79,302 79,302 95,000 0 0 Complete Complete Complete Complete Complete COMMUNITY BUS FUND 146,000 138,685 146,000 0 59,459 0 52,144 52,144 59,459 0 0 31-Mar-25 31-Mar-25 Construction On Target On Target NCN7 VALEFIELD BRIDGE 30,000 0 30,000 0 30,000 0 0 0 30,000 0 0 31-Mar-25 31-Mar-25 Construction On Target On Target ABBEYCROFT CYCLE SHELTER 9,812 0 9,812 0 9,812 0 0 0 9,812 0 0 31-Mar-25 31-Mar-25 Construction On Target On Target SALTCOATS OLD CAL RAILWAY PH2 47,880 47,880 47,880 0 0 0 0 0 0 0 0 Complete Complete Complete Complete Complete Total Regeneration 35,551,462 24,429,198 35,551,462 0 13,400,418 0 3,561,391 3,561,391 12,557,477 (842,941) 0 (842,941) Ayrshire Growth Deal AGD - I3 DPMC PHASE 1 1,000,000 272,689 1,000,000 0 423,749 0 (3,562) (3,562) 423,749 0 0 31-Mar-26 31-Mar-26 Delivery On Target On Target AGD - I3 DPMC PHASE 2 5,000,001 302,464 5,000,001 0 95,480 0 13,079 13,079 30,000 (65,480) (65,480) 31-Mar-29 31-Mar-30 Feasibility On Target On Target AGD - I3 FLEXIBLE BUSINESS SPACE PHASE 1 4,855,546 4,851,720 4,855,546 0 1,397,711 0 1,393,885 1,393,885 1,397,711 0 0 31-Oct-24 31-Oct-24 Construction On Target On Target AGD - I3 FLEXIBLE BUSINESS SPACE PHASE 2 10,862,023 65,765 10,862,023 0 511,183 0 14,925 14,925 469,881 (41,302) (41,302) 31-Mar-29 31-Mar-29 Multiple Projects On Target On Target AGD - HUNTERSTON - CENTRE OF LOW CARBON ENERGY & CIRCULAR ECONOMY 18,040,000 259,965 18,040,000 0 500,000 0 10,405 10,405 61,462 (438,538) (438,538) 31-Mar-30 31-Mar-30 Feasibility On Target On Target AGD - GREAT HARBOUR 14,230,849 1,165,507 14,230,849 0 1,487,013 0 146,140 146,140 1,488,838 1,825 1,825 31-Mar-29 31-Mar-29 Multiple Projects On Target On Target AGD - IMSE 10,500,000 161,667 10,500,000 0 477,266 0 10,420 10,420 77,266 (400,000) (400,000) 31-Mar-30 31-Mar-30 Feasibility On Target On Target AGD - MARINE TOURISM ARDROSSAN 5,000,002 276,916 5,000,002 0 (60,673) 0 (59,474) (59,474) (60,673) 0 0 Complete Complete Complete Complete Complete AGD - MARINE TOURISM ARRAN 2,047,212 172,408 2,047,212 0 96,439 0 78,410 78,410 108,422 11,983 11,983 31-Mar-29 31-Mar-29 Feasibility On Target On Target AGD - MARINE TOURISM CUMBRAE 4,547,212 180,834 4,547,212 0 229,337 0 51,299 51,299 197,251 (32,086) (32,086) 31-Mar-29 31-Mar-29 Design On Target On Target Total Ayrshire Growth Deal 76,082,844 7,709,934 76,082,844 0 5,157,505 0 1,655,527 1,655,527 4,193,907 (963,598) 0 (963,598) # 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 2024/25 Year to Date Budget 2024/25 Actual Expenditure to 30th November 2024 Year to date Variance 2024/25 Projected Expenditure to 31 March 2025 Actual Over/ (Under) Spend for 2024/25 True Over/(Under) Spend Brought / Carry Forward to 2025/26 Original Target Revised Forecast Current Project Stage Delivery Status Financial Delivery Status Physical Comments CAPITAL MONITORING 2024/25 COMPLETION DATES Project Description TOTAL PROJECT 2024/25 BUDGETS DELIVERY STATUS Growth & Investment ARDROSSAN HARBOUR INTERCHANGE 4,127,113 581,783 4,127,113 0 100,630 0 30,359 30,359 100,630 0 0 1st Qtr 2026 1st Qtr 2026 Design On Target On Target IRVINE ENTERPRISE AREA 10,746,072 0 10,746,072 0 51,539 0 0 0 0 (51,539) (51,539) Ongoing Ongoing Multiple Projects On Target On Target ARDROSSAN NORTH SHORE 47,659,043 29,857,147 47,659,043 0 39,827,280 0 23,931,037 23,931,037 39,581,565 (245,715) (245,715) 27-May-24 31-May-25 Construction On Target On Target LOW CARBON HUB 0 12,320 0 0 0 0 12,320 12,320 0 0 0 Complete Complete Complete On Target On Target VDLF - HARBOUR MASTERS OFFICE 157,499 144,739 157,499 0 131,121 0 118,361 118,361 131,121 0 0 31-Mar-24 31-Mar-25 Design On Target On Target VDLF - I3 IRVINE ENTERPRISE 279,411 257,020 279,411 0 22,391 0 0 0 22,391 0 0 31-Mar-24 31-Mar-25 Design On Target On Target Other Growth & Investment 62,969,139 30,853,009 62,969,139 0 40,132,961 0 24,092,077 24,092,077 39,835,707 (297,254) 0 (297,254) Total Economic Development & Regeneration 174,603,446 62,992,141 174,603,446 0 58,690,884 0 29,308,995 29,308,995 56,587,091 (2,103,793) 0 (2,103,793) Completed Projects BIOMASS RETROFIT PROGRAMME 3,378,163 3,377,163 3,378,163 0 0 0 (1,000) (1,000) 0 0 0 Complete Complete Complete Complete Complete QUARRY ROAD PHASE 1 2,977,098 2,951,438 2,977,098 0 29,376 0 3,716 3,716 29,376 0 0 Complete Complete Defects Period Complete Complete Total Completed Projects 6,355,261 6,328,602 6,355,261 0 29,376 0 2,716 2,716 29,376 0 0 0 Total Place 343,834,617 167,634,685 343,834,617 0 106,283,053 0 51,566,986 51,566,986 101,854,295 (4,428,758) 0 (4,428,758) # 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 Year to Date Budget 2024/25 Actual Expenditure to 30th November 2024 Year to date Variance 2024/25 Projected Expenditure to 31 March 2025 Over/ (Under) Spend for 24/25 £ £ £ £ £ £ £ £ £ £ FLEXIBILITY / IMPROVEMENT FUND 7,288,556 0 8,301,364 1,012,808 (1,012,808) 0 0 0 0 1,012,808 CORE INFRASTRUCTURE INVESTMENT 2,001,000 0 2,001,000 0 2,001,000 0 0 0 2,001,000 0 Total Other Budgets 9,289,556 0 10,302,364 1,012,808 988,192 0 0 0 2,001,000 1,012,808 2024/25 BUDGETS CommentsProject Description TOTAL PROJECT # OFFICIAL INFORMATION
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HRA Capital Statement 2425 Appendix 2 TOTAL PROJECT CURRENT YEAR 2024/25 - Period 8 Project Description Total Project Budget Cumulative Expenditure to date Total Project Forecast Projected Over/ (Under) Spend Total Revised Budget 2024/25 Actual Expenditure to 30 November 2024 P8 Projection Virement Request Carry /Brought Forward to /From 2024/25 True Over/ (Under) Spend Delivery Status Financial Delivery Status Physical Narrative £ £ £ £ EXPENDITURE Council House Building Afton Court 1,335,654 653,667 1,249,898 (85,756) 0 618 618 618 On Target Complete Complete, project contingency not required. Ayrshire Central Site 51,235,455 2,717,081 51,235,455 0 4,973,026 172,700 4,973,026 On Target On Target Project commenced on site Monday 4 November 2024 Bourtreehill Village 9,924,743 73,717 9,924,743 0 160,000 35,053 160,000 On Target On Target Projected spend for 24/25 is for consultancy fees, utility disconnections and the demolition of Crofthead Court. Corsehillhead 2,032,906 212,599 2,032,906 0 0 0 On Target On Target Options appraisal currently being carried out for the site due to projected costs being significantly higher than previously projected. Flatt Road 20,178,000 19,634,012 19,709,046 (468,954) 2,895 12,895 2,895 On Target Complete Complete Friars Lawn 2,199,628 1,968,980 2,086,932 (230,648) 0 3 On Target Complete Complete Fullarton Street (High Flats) 12,073,511 39,368 12,073,511 0 50,000 19,550 50,000 On Target On Target Projected spend for 24/25 is for consultancy fees and statutory consents. Work ongoing with SEPA re site layout, therefore project has been reprofiled to future years. Garnock Academy Site 12,092,889 1,022,597 12,092,889 0 8,339,114 2,940,686 8,092,922 (246,192) On Target On Target Project commenced on site 17 June 2024. Works progressing well on site. Projected in year underspend to be carried forward to 2025/26. Garrier Court 2,335,551 2,382,239 2,348,027 12,476 0 32,672 On Target Complete Complete Harbourside 14,622,742 13,768,239 14,622,742 0 262,224 28,180 260,104 (2,120) On Target Complete Complete James McFarlane Site 4,784,118 1,490,035 4,784,118 0 3,060,037 2,953,114 3,060,037 On Target On Target Project commenced on site 25 March 2024. Works progressing well on site. James Reid Site 11,820,675 862,603 11,820,675 0 0 0 Significantly off target Significantly off target Project site start delayed due to non resolution of culvert maintenance issue. Kings Arms (113-115 High Street) 2,904,416 509,047 2,904,416 0 2,115,543 563,518 1,574,603 (540,940) On Target On Target Project commenced on site 13 May 2024. Façade retention works have caused a delay on site. Projected in year underspend to be carried forward to 2025/26. Laburnum Ave/Newhouse Dr (Regen 1a&b) 3,274,506 1,241,622 3,274,506 0 1,711,735 1,433,451 1,711,735 On Target On Target Projects commenced on site 15 January 2024. Works progressing well on site. Projected in year overspend to be accelarated from future years. Largs Police Station 2,769,301 1,697,509 2,769,301 0 21,157 (37,530) 21,157 On Target Complete Complete Montgomerie Park (Both Phases) 46,322,381 5,562,146 46,322,381 0 2,765,315 2,366,258 2,765,315 On Target Slightly off target Ground remediation works completed on site during October 2024. Stanecastle Site 7,768,147 2,428,822 7,768,147 0 5,813,638 4,237,658 5,813,638 On Target On Target Project commenced on site 25 March 2024. Works progressing well on site. St Beya Gardens 3,691,052 3,689,346 3,691,052 0 1,706 0 9,100 7,394 On Target Complete Complete St Michael's Wynd 13,996,769 14,189,085 14,087,664 90,895 0 91,285 (9,747) (9,747) Slightly off target Complete Complete. Towerlands Primary School 8,579,943 8,570,664 8,579,943 0 2,765,315 (3,000) (5,461) (2,770,776) Nelson Street Regeneration 622,116 11,362 622,116 0 36,315 21,983 36,315 On Target On Target Tender documentation being prepared for issue. Project delayed, works expected to commence in April 25 Acquisition Houses-Open Market 1,273,080 6,764 1,273,080 0 1,273,080 128,915 1,000,000 (273,080) On Target On Target There are 11/12 in the pipework but its unlikely they will all be concluded in 24/25. Ukraine Buy Backs 294,758 529,935 692,961 529,935 Harbour Street 0 0 0 0 5,000 0 5,000 On Target On Target Options appraisal currently being carried out for the site due to projected costs being significantly higher than previously projected. Sy Mary's Primary, Largs 6,092,975 1,626,112 6,092,975 3,682,776 3,489,650 3,990,274 307,498 On Target On Target Project commenced on site 8 January 2024. Works progressing well on site. Internal Management Charges 1,757,259 329,990 1,757,259 0 1,489,000 754,358 1,489,000 On Target On Target SHIP Review Requirement (3,991,000) 0 (3,991,000) 0 (3,991,000) 0 0 3,991,000 A review was undertaken as part of the SHIP to identify options to address the reduction in Scottish Government Grant. Ship was approved on 3 December which reflects the latest grant forecasts. Contingency 2,611,322 0 2,611,322 2,274,735 0 2,274,735 SUB TOTAL 242,308,139 84,982,365 241,744,104 (681,986) 37,341,546 19,934,976 37,805,201 0 465,390 (1,735) DELIVERY STATUS
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TOTAL PROJECT CURRENT YEAR 2024/25 - Period 8 Project Description Total Project Budget Cumulative Expenditure to date Total Project Forecast Projected Over/ (Under) Spend Total Revised Budget 2024/25 Actual Expenditure to 30 November 2024 P8 Projection Virement Request Carry /Brought Forward to /From 2024/25 True Over/ (Under) Spend Delivery Status Financial Delivery Status Physical Narrative £ £ £ £ DELIVERY STATUS Improvements to existing stock Wet Room - Void 248,422 96,948 386,904 248,422 225,490 392,243 143,821 On Target On Target Higher number of void replacments being projected than budgeted offset by reduction in void bathrooms Bathrooms - Void 978,665 134,956 524,790 978,665 230,133 359,987 (618,678) On Target On Target Lower number of void replacments being projected than budgeted Wet Room - Planned 66,246 0 66,246 66,246 0 66,246 On Target On Target Bathrooms - Planned 141,069 49,544 141,069 141,069 158,185 185,149 44,080 On Target On Target Electrical Rewiring 172,236 141,700 222,869 222,869 219,870 333,335 110,466 On Target On Target Additional units required in year. Heating 1,916,920 632,729 1,814,021 1,814,021 1,232,428 1,738,991 (75,030) On Target On Target Number of units requiring full central heating replacments is less than anticipated. Kitchens 1,523,166 294,143 1,523,166 1,523,166 904,198 1,523,166 On Target On Target Kitchens - Void 1,497,340 299,442 1,041,824 1,497,340 648,304 970,973 (526,367) On Target On Target Lower number of void replacments being projected than budgeted Roofing 755,136 39,934 733,500 885,179 573,398 925,500 40,321 On Target On Target Wallfloor rendering 452,189 (351,359) 246,000 246,000 371,539 267,000 21,000 On Target On Target EWI 677,882 0 916,000 916,000 262,965 1,511,620 595,620 0 On Target On Target Additional addresses requiring EWI works in year. Budget to be brought forward from future years. Window Replacement 529,935 529,935 411,008 529,935 102,670 529,935 On Target On Target Saltcoats MSF Investment 466,625 5,707 466,625 466,625 9,070 466,625 On Target On Target Smoke Detector Programme 241,682 56,459 241,682 151,689 205,246 151,689 On Target On Target Energy Efficiency 1,414,745 0 0 0 0 0 On Target On Target Path Finder Project 500,000 0 100,000 50,000 20,605 50,000 On Target Significantly off target Awaiting outcome of SHNZS consultation to progress Solar Panels 3,527,859 (453,840) 2,895,000 2,939,000 874,901 2,933,130 (5,870) On Target On Target HRA Slippage (3,085,000) 0 (3,085,000) (476,496) 0 (476,496) SUB TOTAL 15,110,117 1,476,299 11,730,704 0 12,199,730 6,039,003 11,929,093 0 805,617 (1,076,254) Other Capital works Estate Based Regeneration 1,453,809 66,198 1,453,809 1,060,233 293,574 814,530 (245,703) On Target On Target Buy Backs unable to be completed in year. Lift Replacement 454,000 0 150,000 150,000 0 100,000 (50,000) On Target On Target Contract being re-tendered Sheltered Housing Units 828,944 871,024 828,944 1,450,006 1,097,742 1,450,006 On Target On Target High Flats Demolition 2,368,970 1,703,270 1,725,818 (643,152) (8,868) On Target On Target Final Account has now been agreed SUB TOTAL 5,105,723 2,640,492 4,158,571 (643,152) 2,660,239 1,382,448 2,364,536 0 (295,703) 0 Total Expenditure 247,413,862 87,622,857 245,902,675 (1,325,138) 52,201,516 27,356,426 52,098,830 0 975,304 (1,077,989) Income Affordable Housing Contributn (394,000) (394,000) CFCR (11,492,000) (11,492,000) Capital Grants (11,880,000) (7,988,632) (11,880,000) A reduction in anticipated grant as advised by Scottish Government. Prudential Borrowing (27,291,516) (27,021,287) (975,304) 1,245,532 Reduced borrowing required to reflect rephasing and projected underspends Use of Reserves (544,000) (544,000) Sale of Assets (167,543) (167,543) (167,543) Other Capital Income (600,000) (600,000) Income from Vacant and Derelict Land Fund (VDLF) in relation to Kings Arms SUB TOTAL Total Project Expenditure 247,413,862 87,622,857 245,902,675 (1,325,138) 52,201,516 27,356,426 52,098,830 0 975,304 (1,077,989) Total Project Income (52,201,516) (8,156,174) (52,098,830) 0 (975,304) 1,077,989 Total Net Expenditure 0 19,200,252 0 0 0 0 Check Total * Sensitivity adjustment of 10% or 25% based on source and reliability of expenditure projections 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
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Appendix 3 Treasury Management Performance to 30 November 2024 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 General fund Capital Financing Requirement reflects the change in profile of the capital programme. The increase to the HRA Capital Financing requirement is a result of a reprofiling of the use of reserves during 23/24. 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 5.4%, thereby demonstrating a prudent borrowing policy. For the HRA, the Scottish average was 21.3%. The level of loan charges is deemed prudent and affordable within the framework of the 30 year Housing business plan. 2024/25 2024/25 2024/25 Original Estimate P8 Projection Movement £m £m £m General Services Capital expenditure 104.655 121.395 16.740 Funded by: Borrowing 78.300 81.557 3.257 Receipts / Grants 22.875 35.937 13.062 Funded from Revenue - 0.421 0.421 Funded from Reserves 3.480 3.480 - Total 104.655 121.395 16.740 HRA Capital expenditure 52.417 52.099 (0.318) Funded by: Borrowing 24.116 27.021 2.905 Receipts / Grants 15.871 12.648 (3.223) Funded from Revenue 11.492 11.492 - Funded from Reserves 0.938 0.938 - Total 52.417 52.099 (0.318) Estimates of Capital Expenditure and Income 2024/25 2024/25 2024/25 Original Estimate P8 Projection Movement £m £m £m General Services 429.390 415.737 (13.653) HRA 198.552 205.388 6.836 Sub-total 627.942 621.125 (6.817) Less PPP/NPD long-term liability (83.294) (83.294) - Loans Capital Financing Requirement (CFR) 544.648 537.831 (6.817) Capital Financing Requirement (CFR) 2024/25 2024/25 Original Estimate P8 Projection % % General Services 3.5% 2.8% HRA 24.0% 22.4% Proportion of financing costs to net revenue stream
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The Council is currently projecting an under-borrowed position of £63.094m 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. 2024/25 2024/25 2024/25 Original Estimate P8 Projection Movement £m £m £m Gross Debt at 31 March 478.337 474.737 (3.600) CFR 544.648 537.831 (6.817) (Under)/Over Borrowed Position (66.311) (63.094) 3.217 Current Portfolio Position (excluding PPP/NPD)
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The maturity structure of the debt portfolio at 30 November 2024 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 increase in the external borrowing since 31 March is largely in relation £60m long term PWLB borrowing undertaken in year to support the capital programme. This is partially offset by maturing loans during the period to 30 June including a £5m LOBO loan which was repaid when called in May. Following the period ending 30 November it should be noted that a call in was received for a further £10m LOBO loan and the repayment of this debt has been arranged. 2024/25 2024/25 2024/25 Original Estimate £m P8 Projection £m Movement £m Loans CFR 544.648 537.831 (6.817) Less Balance sheet resources (78.200) (109.600) (31.400) Net loans requirement 466.448 428.231 (38.217) Liquidity allowance 10.000 10.000 - Liability Benchmark 476.448 438.231 (38.217) Liability Benchmark 31-Mar-24 30-Nov-24 Maturity Profile of Borrowing (Indicator 10) Actual Actual Movement £m £m £m Under 12 months 62.650 37.944 (24.706) 12 months and within 24 months 2.950 2.094 (0.856) 24 months and within 5 years 13.845 19.163 5.318 5 years and within 10 years 31.439 55.939 24.500 10 years and within 20 years 83.189 113.277 30.088 20 years and within 30 years 20.125 15.925 (4.200) 30 years and within 40 years 92.588 92.587 (0.001) 40 years and within 50 years - 24.000 24.000 50 years and above 10.000 10.000 - Total Borrowing 316.786 370.929 54.143