6 - Capital Programme and Treasury Management Performance to 30 June 2023
North Ayrshire Council · 29 August 2023
Back to Cabinet — 29 August 2023 and its agenda
Text extracted from the council's PDF. Layout and reading order may differ from the original.
Page 1
NORTH AYRSHIRE COUNCIL 29 August 2023 Cabinet Title: Capital Programme and Treasury Management Performance to 30 June 2023 Purpose: To advise Cabinet of progress in delivering the Capital Investment Programme 2023/24 and the associated Treasury Management performance to 30 June 2023. Recommendation: That Cabinet agrees to: (a) note the revisions to budgets outlined in the report; (b) note (i) the General Services and HRA revised budgets at 30 June 2023; and (ii) the forecast expenditure to 31 March 2024; (c) approve the virement proposals noted within the HRA programme detailed in appendix 2; (d) note the additional investment of £5.000m to support the B714 upgrading project as detailed in paragraphs 2.12 and 2.13; and (e) 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 2023/24 to 2030/31 was approved by Council on 1 March 2023. The Housing Revenue Account (HRA) Capital Investment Programme 2023/24 sits within the updated HRA Business Plan and was approved by Council on 15 February 2023. 1.2 This report identifies the current programme for 2023/24, taking account of adjustments made to the initial budgets. The report presents the revised budgets at 31 June 2023 (Period 3) and forecast expenditure to 31 March 2024. 1.3 At Period 3 the General Fund is forecasting a net underspend of (£0.236m) against a revised budget of £107.252m. The HRA is forecasting a projected underspend of (£0.638m) against a revised budget of £59.655m.
Page 2
1.4 Within the General Fund, adjustments to funding have resulted in net additions to the overall capital programme of £3.401m, including Scottish Government funding in relation to the Place Based Investment, Nature Restoration and Road Safety Improvement programmes. In addition, following the Local Government Finance Settlement, the Scottish Government has withdrawn the previously announced capital funding to support the expansion of Universal Free School Meals, pending a review of the rollout of the expansion. This has resulted in a £1.954m increase in Prudential Borrowing in order to maintain the agreed investment level. 1.5 Reviews of individual project plans have identified a number of adjustments to the current profiles. As a result, (£31.179m) has been reprofiled for delivery in 2024/25 and beyond. This has been partly offset by the previously reported re-profiling of £14.941 from 2022/23 to 2023/24 and the acceleration of £4.158m to 2023/24 from future years. 1.6 Within the HRA, a review of delivery timescales has identified a requirement to re- profile (£122.978m) of works for delivery in 2024/25 and beyond. This is partly offset by £10.212m previously re-profiled from 2022/23 to 2023/24 and the acceleration of £0.105m to 2023/24 from future years. 1.7 The major risk to the forecast position is the uncertainty arising from the ongoing inflationary pressures, supply chain issues, which are impacting on tender returns and the cost of materials, and continued increases in the cost of borrowing. Some mitigation has been built into the programme to offset cost pressures and supplement the Loans Fund. However, any further significant increase in costs will result in increased borrowing requirements and may have a negative impact on the deliverability of both the General Fund and HRA capital programmes for 2023/24 and beyond. 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 As noted by Council on 1 March 2023, the ongoing review of capital funding had identified that no additional funding was being made available by the UK Government to address the additional cost risks in relation to the upgrading of the B714. The estimated additional costs have now been quantified at £5.000m over the period to February 2026. Proposals in relation to the additional investment are detailed in a separate report to Cabinet and will be drawn from a combination of reviewing existing commitments from the Council Investment and Renewal and Recovery Funds, allocating anticipated capital receipts not currently committed and utilisation of existing resources from within the current programme. 1.9 The Treasury Management and Investment Strategy (TMIS) for 2023/24 was approved by Council on 1 March 2023 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.
Page 3
2. Background General Fund 2.1 The following table outlines the movements in the 2023/24 General Services budget: 2.2 (a) Changes to Funding The capital programme has been updated to reflect the following changes to funding: 2023/24 £m Budget as at 1 March 2023 115.931 a) Changes to Funding 1.140 b) Other Revisions to the Programme 2.261 Revised Budget 119.332 c) Alterations to phasing of projects:- 2022/23 to 2023/24 14.941 2023/24 to 2024/25 (31.179) 2024/25 to 2023/24 4.158 Budget as at 30 June 2023 107.252 Funding Body Amount Project Scottish Government £0.761m Place Based Investment Programme Scottish Government £0.355m Nature Restoration Fund Scottish Government £0.216m Road Safety Improvement Fund Scottish Government £0.030m Cycling, Walking and Safer Roads Scottish Government (£1.954m) Withdrawal of UFSM expansion grant UK Government £0.202m Shared Prosperity Fund SPT £0.050m Ardrossan Harbour Interchange SPT £0.350m Cumbrae Ferry & Bus Stop SPT £0.100m Bus Corridor Improvements SPT £0.050m Irvine Friendly Cycle Town SPT £0.080m Brodick to Corrie Cycle Path SPT £0.400m B714 Active Travel Links Sustrans £0.500m Nature Restoration Fund Total £1.140m
Page 4
2.3 (b) Other Revisions to the Programme The programme has also been updated to reflect the undernoted adjustments: 2.4 (c) Alterations to the Phasing of Projects The reprofiling of £14.941m from 2022/23 to 2023/24 reflects projects not completed within the year, or accelerated from future years, and incorporated within the 2023/24 capital programme. These were previously reported within the 2022/23 Capital Programme performance reports: Funding Source Amount Project Borrowing £1.954m Additional borrowing to offset grant withdrawn CFCR £0.300m Funding for 47 West Road Receipts £0.007m Insurance recoveries (Vehicles) Total £2.261m Service Amount Project Communities £0.146m CO2 Monitors £0.139m Lockhart Campus (£0.636m) Moorpark PS £0.148m Other minor adjustments (£0.203m) Chief Executives £0.243m ICT Projects £0.243m HSCP £0.363m Residential & Respite £0.168m Carefirst Replacement £0.157m Improvement Grants £0.020m Other minor adjustments £0.708m
Page 5
Service Amount Project Place £1.572m Place Based Investment Programme £0.788m Ardrossan Promenade £0.768m Upper Garnock FPS £0.724m Millport Coastal FPS £0.712m Fleet Decarbonisation £0.693m AGD Projects £0.602m Vacant & Derelict Land Funding £0.540m Islands Pit Stops £0.435m Vehicles £0.434m Millport Town Hall Phase 2 £0.431m Industrial Portfolio £0.418m PLI Projects £0.417m Lighting £0.400m Annickbank - V&DL Investment Programme £0.398m Solar PV - Nethermains £0.356m Nature Restoration Fund £0.350m CCTV Review £0.323m B714 Improvements £0.275m Solar PV - Shewalton £0.246m Gallowgate Toilets £0.241m A737 Dalry Trunk Road £0.238m BUILD Project £0.221m Millport Town Hall Regeneration £0.214m Saltcoats Old Cal Railway Ph 1 £0.206m Town Centre Regeneration £0.175m Access Paths £0.170m Parking / DPE £0.157m Emergency Control Centre £0.154m LED Lighting £0.154m Cycling / Walking /Safer Streets £0.140m Island Infrastructure Fund £0.126m Renewal of Play Parks £0.116m Irvine high Street £0.112m Lochshore Garnock Hub £0.110m Repurposing Property Grant Fund £0.107m Lochshore £0.104m Montgomerie Park Masterplan (£0.145m) Bridges Infrastructure £0.607m Other minor adjustments £14.089m Other £0.104m Flexibility Fund £0.104m Total £14.941m
Page 6
A further review of individual project plans, taking cognisance of the current levels of volatility within the construction sector, has identified a requirement to re-profile (£31.179m) of works for delivery in 2024/25 and beyond. This includes a corporate phasing adjustment reflecting the degree of uncertainty in the total expenditure projections: These adjustments have been partly offset by the acceleration of £0.588m of expenditure to 2023/24 from future years. 2.5 These adjustments have resulted in a revised 2023/24 budget at 30 June 2023 of £107.252m. Service Amount Project Chief Executives (£0.150m) ICT Projects (£0.150m) Place (£1.918m) AGD Projects (£0.300m) Ardrossan Cemetery Extension (£0.068m) Other minor adjustments (£2.286m) Corporate (£27.513m) Sensitivity Adjustment (£1.230m) Flexibility (£28.743m) Total (£31.179m) Service Amount Project Communities £1.230m Moorpark Primary £2.305m Montgomerie Park School £3.535m Place £0.428m B714 Upgrade £0.112m Cemetery Programme £0.083m Other minor adjustments £0.623m Total £4.158m
Page 7
2.6 The following graph illustrates the movement in each programme on a service basis compared to the revised programme: 2.7 The impact on budgeted funding, elements of which are related to the profile of expenditure reported above, is a reduction of £11.091m from the revised budget, including: 18.349 0.799 0.757 93.126 2.900 115.931 21.681 0.892 2.265 107.802 (25.388) 107.252 3.332 0.093 1.508 14.676 (28.288) (8.679) Approved Programme Movement Programme @ P3 Category Amount Comments Borrowing £16.649m Rephased aligned to projected expenditure CFCR (£0.300m) Additional CFCR Contribution Capital Grants (£5.199m) Rephased and additional government grants Other Grants (£2.464m) Rephased and revised contributions Capital Receipts (£0.007m) Realigned capital receipts Total £8.679m
Page 8
2.8 Projected Capital Expenditure to 31 March 2024 The projections are summarised by service in the following table: 2.9 An underspend of (£0.236m) is projected within the General Fund capital programme for 2023/24 arising from revisions to the BUILD project, which is subject to a separate report to Cabinet. These funds will be transferred to the Flexibility budget to offset anticipated budget pressures elsewhere in the programme. Information on the progress of all projects can be found in Appendix 1. 2.10 Although not formally reflected in the financial performance reports at this time due to ongoing uncertainty, areas of cost risk have been identified as a result of cost volatility arising from the ongoing 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 Moorpark Primary, Montgomerie Park Primary, Ardrossan Campus, Upper Garnock Flood Prevention Scheme, Millport Coastal Flood Prevention Scheme, Largs Sea Wall, Ardrossan North Shore and Ardrossan Harbour Interchange. 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 for 2024/25 and to limit any additional unfunded borrowing, any costs in excess of the current level of flexibility provision will require to be funded from existing resources. Approved Budget 2023/24 Budget Revisions Carry Forwards and Adjustments Revised Budget 2023/24 Projected Expenditure / Income to 31 March 2024 Projected Variance Over / (Under) £m £m £m £m £m £m Expenditure Communities 18.349 - 3.332 21.681 21.681 - Chief Executive 0.799 - 0.093 0.892 0.892 - Health and Social Care Partnership 1.257 0.300 0.708 2.265 2.265 - Place 92.018 3.101 12.683 107.802 107.566 (0.236) Other including Flexibility 3.508 - (28.896) (25.388) (25.388) - Total Expenditure 115.931 3.401 (12.080) 107.252 107.016 (0.236) Income General Capital Grant (35.704) 1.368 - (34.336) (34.336) - Specific Capital Grant (9.401) (1.055) (5.512) (15.968) (15.968) - Capital Funded from Current Revenue - (0.300) - (0.300) (0.300) - Capital Receipts (0.466) (0.007) - (0.473) (0.473) - Other Grants & Contributions (2.068) (1.530) (0.934) (4.532) (4.532) - Prudential Borrowing (68.292) (1.877) 18.526 (51.643) (51.407) 0.236 Total Income (115.931) (3.401) 12.080 (107.252) (107.016) 0.236
Page 9
2.11 In addition to the risks identified in relation to individual projects, significant financing risks continue to be identified in relation to the overall affordability of the capital investment programme due to the increased cost of borrowing. As reported to Council on 1 March 2023, the programme is currently affordable based on the estimated funding streams and the actions agreed by Council to supplement the Loans Fund. The ongoing cost risk will continue to be monitored and a full assessment of affordability will be included in the next major review of the capital programme due for completion during 2023/24. 2.12 As noted by Council on 1 March 2023, the UK Government previously confirmed that North Ayrshire Council had been awarded £23.693m from the Levelling Up Fund to support the upgrading of the B714 to improve connectivity between North Ayrshire and the wider motorway network. The report highlighted that additional costs were anticipated in relation to this project, although no additional funding was being made available form the UK Government. Following a review of the costs involved in the delivery of the project, together with appropriate value engineering, it has been determined that an additional investment of £5.000m is required. 2.13 In view of the current pressures and areas of risk and uncertainty being experienced in relation to the capital investment programme, there is no capacity to support increased borrowing costs to support additional investment. However, a review of existing commitments from the Investment and Recovery & Renewal Funds, additional allocations from anticipated capital receipts not currently committed and the proposed utilisation of existing resources from within the current programme has identified the following funds available for investment: Recovery & Renewal Fund: Stimulating Start Up and Early Stage Business Growth £1.000m Full original allocation of £1.000m released. Future development to be supported through specific grant funding from the Place Based Investment Programme and the Shared Prosperity Fund. Investment Fund: Community Wealth Being - Community and Town Centres £0.857m Original allocation of £1.200m to be reduced to £0.343m. Additional specific grant funding from the Place Based Investment Programme, VDLF and identification of other potential funding sources to be utilised to deliver original policy intent. Commercial Estate/Infrastructure/Town Centre Investment £0.988m Original allocation of £1.155m to be reduced to £0.167m. Additional specific grant funding from the Place Based Investment Programme, VDLF and identification of other potential funding sources to be utilised to deliver original policy intent.
Page 10
Existing Capital Resources: Industrial Portfolio £0.430m Reallocation of existing budget – no current commitments Flexibility £0.377m Allocation from current Flexibility budget. Capital Receipts: Uncommitted Capital Receipts £1.348m Anticipated capital receipts of £5.555m have been identified. Following the deduction of abnormal and other costs, a balance of £1.348m is now available for utilisation to support capital investment. Total Additional Investment £5.000m Housing Revenue Account 2.14 The following table outlines the movements in the 2023/24 HRA Capital budget: 2.15 (a) Alterations to the Phasing of Projects £10.212m of planned expenditure has been reprofiled from 2022/23 to 2023/24, reflecting projects not completed within the year which have been incorporated within the 2023/24 capital programme. These were previously reported within the 2022/23 Capital Programme performance reports: 2023/24 £m Budget as at 15 February 2023 172.316 a) Alterations to phasing of projects:- 2022/23 to 2023/24 10.212 2023/24 to 2024/25 (122.978) 2024/25 to 2023/24 0.105 Budget as at 30 June 2023 59.655
Page 11
Category Amount Project New Builds £1.548m House Building General £1.022m Contingency £0.855m Harbourside £0.543m Corsehillhead £0.525m Afton Court £0.335m Largs Police Station £0.323m Caley Court £0.302m Flatt Road £0.233m Acquisitions £0.231m Friars Lawn (£0.114m) James Reid £0.083m Other minor adjustments £5.886m Improvements £2.321m EWI £2.273m Solar Panels £0.223m Window £0.180m Energy Efficiency £0.094m Saltcoats MSF (£0.120m) Kitchen (£0.505m) Insulated Rendering (£1.207m) Bathroom (£1.303m) Fullarton Regeneration £0.014m Other minor adjustments £1.970m Other Capital Works £2.369m Demolitions £0.207m Health & Safety £0.063m Sheltered Housing (£0.298m) Regeneration Programme £0.015m Other minor adjustments £2.356m Total £10.212m
Page 12
A review of the timescale for delivery of capital projects has identified a requirement to re-profile (£122.978m) of works for delivery in 2024/25 and beyond, including: This has been partly offset by the acceleration of £0.105m of project expenditure for delivery during 2023/24, including: 2.16 These adjustments have resulted in a revised 2023/24 budget at 30 June 2023 of £59.655m. Category Amount Project New Builds (£34.671m) Ayrshire Central (£26.166m) Montgomerie Park (£9.033m) James Reid (£7.593m) Garnock Academy (£7.337m) Fullarton Street (£6.093m) Stanecastle (£4.780m) Regeneration Project 1d (£3.908m) James MacFarlane (£3.894m) Bourtreehill Village (£2.874m) Laburnum Avenue / Newhouse Drive (£1.660m) Glebe Place (£1.465m) Corsehillhead (£1.098m) Regeneration Project 1e (£0.931m) Kings Arms (£0.572m) Nelson Street Regeneration (£112.075m) Improvements (£0.945m) Kitchens (£0.821m) Smoke Detector Programme (£0.228m) Electrical Rewiring (£1.994m) Other Capital Works (£8.555m) Sheltered Housing (£0.354m) Lift Replacement (£8.909m) Total (£122.978m) Category Amount Project New Builds £0.085m Harbourside £0.020m Other minor adjustments £0.105m Total £0.105m
Page 13
2.17 The impact on budgeted funding is a reduction of £29.986m in the drawdown of Capital Grants and reduced Prudential Borrowing aligned to the revised programme: 2.18 Projected Capital Expenditure to 31 March 2024 The projections are summarised in the following table: 2.19 A variance of (£0.638m) is projected within the HRA capital programme for 2023/24 arising from revisions to a number of projects, including: Category Amount Comments Capital Grants £29.986m Reduction aligned to projected expenditure Borrowing £82.675m Reduction aligned to projected expenditure Total £112.661m Approved Budget 2023/24 Carry Forwards and Adjustments Revised Budget 2023/24 Projected Expenditure / Income to 31 March 2024 Projected Variance Over / (Under) Service £m £m £m £m £m Expenditure Housing Revenue Account 172.316 (112.661) 59.655 59.017 (0.638) Total Expenditure 172.316 (112.661) 59.655 59.017 (0.638) Income CFCR (5.151) - (5.151) (5.151) - Capital Grants (44.979) 29.986 (14.993) (14.993) - Use of Reserves (4.065) - (4.065) (4.065) - Affordable Housing Contribution (2.445) - (2.445) (2.445) - Prudential Borrowing (115.676) 82.675 (33.001) (32.363) 0.638 Total Income (172.316) 112.661 (59.655) (59.017) 0.638 Project Variance Comments Brathwic Terrace £0.125m Previous underspend overstated Springvale £0.108m Previous underspend overstated Dalrymple Place £0.017m Previous underspend overstated Heating (£0.552m) Scope of works reduced Health & Safety (£0.207m) Budget no longer required St Michael's Wynd (£0.101m) Previous overspend overstated Asbestos (£0.017m) Budget no longer required Major Improvements (£0.006m) Budget no longer required Newhouse Drive (£0.005m) Budget no longer required Total (£0.638m)
Page 14
2.20 In addition to the adjustments noted above Appendix 2 highlights a number of proposed virements which are required to transfers budgets between individual projects and align the budgets with the projected expenditure. 2.21 Further cost pressures resulting from inflationary and supply chain issues continue to be monitored and a review of the 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 2.22 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 2023/24, approved by Council on the 1 March 2023. 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. 2.23 (a) 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 change in profile of the capital programmes highlighted within this report. 2.24 (b) Gross Borrowing Gross Borrowing is projected to be lower than anticipated due to the revised profile of capital projects and the continued use of internal funds, the latter being a key element of the Treasury Management Strategy to minimise costs. Prudential and Treasury Indicators 2023/24 Approved Estimate £m 2023/24 Revised Estimate £m Movement £m (a) Loans Capital Financing Requirement General Services 267.879 270.543 2.664 HRA 284.275 190.569 (93.706) Total 552.154 461.112 (91.042) (b) Gross Borrowing 490.154 372.112 (118.042) (c) Operational Boundary for Borrowing 571.667 480.138 (91.529) Authorised Limit for Borrowing 628.834 528.152 (100.682) Total Operational Boundary (incl. PPP/NPD) 659.399 567.870 (91.529) Total Authorised Limit (incl. PPP/NPD) 716.566 615.884 (100.682) (d) Investments 20.000 20.000 -
Page 15
2.25 (c) 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. 2.26 (d) Investments It is estimated that the Council will maintain an average balance of £20.000m 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. 2.27 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 Housing Revenue Account (HRA). As at 30 June, the estimated percentages for 23/24 are 2.8% and 21.4% 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 in 2021/22 was 5.5%, therefore demonstrating a prudent borrowing policy. For the HRA, the Scottish average was 22.7%. The level of loan charges is deemed prudent and affordable within the framework of the 30 year Housing business plan. 3. Proposals 3.1 That Cabinet agrees to: (a) note the revisions to budgets outlined in the report; (b) note (i) the General Services and HRA revised budgets at 30 June 2023; and (ii) the forecast expenditure to 31 March 2024; (c) approve the virement proposals noted within the HRA programme detailed in appendix 2; (d) note the additional investment of £5.000m to support the B714 upgrading project as detailed in paragraphs 2.12 and 2.13; and (e) 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.
Page 16
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. 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 Investment Programme 2023/24 to 2030/31 - Council 1 March 2023 Housing Revenue Account (HRA) Capital Investment Programme, Revenue Budget and Rent Levels for 2023/24 – Council 15 February 2023 Treasury Management and Investment Strategy 2023/24 – Council 1 March 2023
Page 17
APPENDIX 1 TOTAL PROJECT Project Description Total Project Budget Cumulative Expenditure to date Total Project Forecast Projected Over/ (Under) Spend Total Revised Budget 2023/24 Brought / Carry Forward to 2024/25 Total Revised Budget 2023/24 Year to Date Budget 2023/24 Actual Expenditure to 30 June 2023 Year to date Variance 2023/24 Projected Expenditure to 31st March 2024 Actual Over/ (Under) Spend for 2023/24 True Over/ (Under) Spend £ £ £ £ £ £ £ £ £ £ £ £ £ EXPENDITURE Communities Nursery Education 16,368,237 15,896,227 16,368,237 0 568,862 0 568,862 0 96,852 96,852 568,862 0 0 Primary Schools 44,655,442 11,166,669 44,655,442 0 11,977,694 3,534,602 15,512,296 0 2,999,016 2,999,016 15,512,296 0 0 Secondary Schools 83,010,742 4,189,004 83,010,742 0 5,072,285 0 5,072,285 0 272,329 272,329 5,072,285 0 0 Special Education 25,343,637 25,239,710 25,343,637 0 138,595 0 138,595 0 34,668 34,668 138,595 0 0 Schools Other 880,194 393,639 880,194 0 728,737 0 728,737 0 242,182 242,182 728,737 0 0 Information & Culture 113,479 6,563 113,479 0 106,916 0 106,916 0 0 0 106,916 0 0 Completed Projects 43,419,379 43,394,998 43,419,379 0 3,679 0 3,679 0 (20,702) (20,702) 3,679 0 0 SUB TOTAL 213,791,110 100,286,809 213,791,110 0 18,596,768 3,534,602 22,131,370 0 3,624,345 3,624,345 22,131,370 0 0 Chief Executive Council IT Strategy 8,797,380 2,652,103 8,797,380 0 1,041,645 (150,000) 891,645 0 168,369 168,369 891,645 0 0 SUB TOTAL 8,797,380 2,652,103 8,797,380 0 1,041,645 (150,000) 891,645 0 168,369 168,369 891,645 0 0 Health & Social Care Management & Support 2,350,596 790,721 2,350,596 0 1,226,875 0 1,226,875 0 0 0 1,226,875 0 0 Housing Non HRA 656,571 159,758 656,571 0 656,571 0 656,571 0 159,758 159,758 656,571 0 0 Adults 4,608,078 4,590,097 4,608,078 0 18,047 0 18,047 0 66 66 18,047 0 0 Young People 5,579,718 5,223,534 5,579,718 0 363,177 0 363,177 0 6,993 6,993 363,177 0 0 SUB TOTAL 13,194,962 10,764,109 13,194,962 0 2,264,670 0 2,264,670 0 166,817 166,817 2,264,670 0 0 Place Roads 107,944,875 30,624,516 107,944,875 468,054 40,423,938 468,054 40,891,992 0 4,722,759 4,722,759 40,891,992 0 0 Streetscene 7,891,828 4,423,461 7,891,828 0 2,147,915 (188,166) 1,959,749 0 743,321 743,321 1,959,749 0 0 Transport 4,757,454 1,973,635 4,757,454 0 4,494,466 0 4,494,466 0 1,710,646 1,710,646 4,494,466 0 0 Waste Services 14,539,343 14,539,343 14,539,343 0 0 0 0 0 0 0 0 0 0 Renewable Energy 15,307,181 1,948,354 15,307,181 0 7,727,424 0 7,727,424 0 79,745 79,745 7,727,424 0 0 Office Accommodation 1,600,920 348,738 1,600,920 0 1,600,920 (68,314) 1,532,606 0 348,738 348,738 1,532,606 0 0 Other Property 6,519,441 621,040 6,519,441 0 4,989,531 0 4,989,531 0 124,151 124,151 4,753,194 (236,337) (236,337) Other Housing 470,000 0 470,000 0 381,025 0 381,025 0 (88,975) (88,975) 381,025 0 0 Economic Development & Regeneration 169,372,636 29,150,413 169,372,636 0 47,209,402 (1,874,104) 45,335,298 0 1,018,773 1,018,773 45,335,298 0 0 Completed Projects 6,355,261 6,275,623 6,355,261 0 40,595 0 40,595 0 (36,958) (36,958) 40,595 0 0 SUB TOTAL 334,758,940 89,905,123 334,758,940 468,054 109,015,216 (1,662,530) 107,352,686 0 8,622,201 8,622,201 107,116,349 (236,337) (236,337) Other Other 10,103,666 0 8,873,616 (1,230,050) 3,354,666 (1,230,050) 2,124,616 0 0 0 2,124,616 0 0 SUB TOTAL 10,103,666 0 8,873,616 (1,230,050) 3,354,666 (1,230,050) 2,124,616 0 0 0 2,124,616 0 0 Uncertainty / Sensitivity Adjustment* (27,512,826) (27,512,826) (27,512,826) Total Project Expenditure 580,646,058 203,608,144 579,416,008 (761,996) 134,272,965 (27,020,804) 107,252,161 0 12,581,731 12,581,731 107,015,824 (236,337) (236,337) Total Project Income (134,272,965) 27,020,804 (107,252,161) (16,762,960) (16,762,960) 0 (107,015,824) 236,337 236,337 Total Net Expenditure 0 0 0 (16,762,960) (4,181,229) 12,581,731 0 0 0 * Sensitivity adjustment of 10% or 25% based on source and reliability of expenditure projections 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 2023/24 North Ayrshire Council Capital Statement 2023/24 Year Ended 31st March 2024 Period 3 The following classifications have been used to highlight delivery performance against original timescales set
Page 18
Revised Budget 23/24 Variance £ £ £ £ £ £ £ £ £ CAPITAL BORROWING Prudential Borrowing 68,291,931 5,814,577 2,683,086 76,789,594 1,874,755 78,664,349 79,707,239 1,042,890 SUB TOTAL 68,291,931 5,814,577 2,683,086 76,789,594 1,874,755 0 78,664,349 0 79,707,239 1,042,890 SCOTTISH GOVERNMENT FUNDING Specific Capital Grants Early Learning & Childcare 0 26,594 59,206 85,800 0 85,800 85,801 85,800 0 Cycling / Walking /Safer Streets 1,159,954 (117,150) 271,000 1,313,804 30,000 1,343,804 0 1,343,804 0 Vacant & Derelict Land Funding 3,857,216 403,874 198,048 4,459,138 0 4,459,138 2,953,137 4,459,138 0 UK Government Grant - AGD 3,653,000 (98,741) 3,554,259 0 3,554,259 0 2,339,000 (1,215,259) Town Centre Regeneration 0 65,691 140,000 205,691 0 205,691 205,690 205,691 0 Annickbank - Vacant & Derelict Land Investment Programme 400,000 400,000 0 400,000 400,000 400,000 0 Millport Town Hall Regeneration 0 (31,995) 252,529 220,534 0 220,534 220,534 220,534 0 Millport Town Hall Phase 2 94,022 339,498 433,520 0 433,520 433,520 433,520 0 Ardrossan Promenade 788,000 788,000 0 788,000 763,000 788,000 0 Islands Pit Stops 20,000 520,000 540,000 0 540,000 540,000 540,000 0 Islands Cost Crisis Emergency Fund 17,000 17,000 0 17,000 17,000 17,000 0 Place Based Investment Programme 0 622,801 948,836 1,571,637 761,000 2,332,637 1,571,637 2,332,637 0 UK Shared Prosperity Fund 98,414 98,414 202,330 300,744 98,414 300,744 0 Island Infrastructure Fund 0 140,373 140,373 0 140,373 140,374 140,373 0 B714 Improvements 500,000 322,741 822,741 0 822,741 322,741 1,250,795 428,054 Road Safety Improvement Fund 215,647 215,647 0 215,647 0 Renewal of Play Parks 231,000 231,000 (231,000) 0 0 0 0 2-4 Boyle Street Hostel 31,025 31,025 0 31,025 0 31,025 0 CO2 Monitors in Schools 0 0 76,651 76,651 76,651 76,651 0 Capital Grants Flooding 20,525,000 20,525,000 0 20,525,000 0 20,525,000 0 General Capital Grant 15,179,000 15,179,000 (1,368,000) 13,811,000 8,495,250 13,811,000 0 SUB TOTAL 45,105,170 1,896,235 3,615,531 50,616,936 (313,372) 0 50,303,564 16,323,750 49,516,359 (787,205) OTHER INCOME TO PROGRAMME Use of Funds :- Capital Fund 0 0 0 0 0 0 0 0 0 0 Change & Service Redesign Fund 0 0 0 0 0 0 0 0 0 0 CFCR 0 0 0 0 300,000 0 300,000 300,000 300,000 0 Grants & Contributions 2,068,411 632,323 301,603 3,002,337 1,530,000 0 4,532,337 132,050 4,532,337 0 Capital Receipts 465,555 0 0 465,555 7,160 0 472,715 7,160 472,715 0 SUB TOTAL 2,533,966 632,323 301,603 3,467,892 1,837,160 0 5,305,052 439,210 5,305,052 0 TOTAL CAPITAL PROGRAMME FUNDING 115,931,067 8,343,135 6,600,220 130,874,422 3,398,543 0 134,272,965 16,762,960 134,528,650 255,685 23/24 Budget at Capital Refresh Mar 2023 Capital Programme Funding 2023/24 Projected Income to 31st March 2024 Approved budget at Period 1 used as revised starting point 2023/24 Actual Income to 30 June 2023Funding Description Carry Forward from 2022/23 Changes after Capital Refresh Mar 2023 Total Changes in Year Changes at Capital Refresh Mar 2024
Page 19
COMMUNITIES MILESTONE Total Project Budget Cumulative Expenditure to date Total Project Forecast Projected Over/ (Under) Spend Total Revised Budget 2023/24 Year to Date Budget 2023/24 Actual Expenditure to 30 June 2023 Year to date Variance 2023/24 Projected Expenditure to 31 March 2024 Actual Over/ (Under) Spend for 2023/24 True Over/(Under) Spend Brought / Carry Forward to 2024/25 Original Target Revised Forecast Current Project Stage Delivery Status Financial Delivery Status Physical £ £ £ £ £ £ £ £ £ £ £ £ Nursery Education Early Years Programme EARLY LEARNING & CHILDCARE FUTURE PROJECTS 4,307 4,073 4,307 0 234 0 0 0 234 0 0 Future Projects Future Projects Future Projects Complete Complete 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 55,978 28,187 55,978 0 27,791 0 0 0 27,791 0 0 31-Aug-24 31-Aug-24 Pre Tender On Target On Target ST PETERS EARLY YEARS 1,261,310 1,248,429 1,261,310 0 17,583 0 4,703 4,703 17,583 0 0 31-Aug-23 31-Aug-23 Construction On Target On Target 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 339,763 341,180 339,763 0 0 0 1,417 1,417 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 232,807 221,228 232,807 0 7,752 0 (3,827) (3,827) 7,752 0 0 31-May-23 31-May-23 Construction On Target On Target 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 205,120 205,120 205,120 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 40,184 40,195 40,184 0 0 0 12 12 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 80,000 71,911 80,000 0 8,154 0 65 65 8,154 0 0 28-Feb-24 28-Feb-24 Construction On Target On Target SHISKINE EARLY YEARS 127,013 127,013 127,013 0 0 0 0 0 0 0 0 28-Feb-24 28-Feb-24 Construction On Target On Target CORRIE EARLY YEARS 38,605 28,442 38,605 0 10,163 0 0 0 10,163 0 0 01-Aug-23 01-Aug-23 Defects On Target On Target LAMLASH EARLY YEARS 15,000 877 15,000 0 14,123 0 0 0 14,123 0 0 31-Aug-24 31-Aug-24 Tender On Target On Target BRODICK EARLY YEARS 354,659 354,659 354,659 0 0 0 0 0 0 0 0 31-Aug-23 31-Aug-23 Construction On Target On Target MARRESS HOUSE 4,010,310 3,654,793 4,010,310 0 450,000 0 94,483 94,483 450,000 0 0 22-Jul-22 Construction On Target Slightly off target Delays anticipated Completed Nursery Education GLENCAIRN / LOUDON MONTGOMERY EARLY YEARS 170,429 170,429 170,429 0 0 0 0 0 0 0 0 Complete Complete Complete Complete Complete ARDEER EARLY YEARS 216,819 216,819 216,819 0 0 0 0 0 0 0 0 Complete Complete Complete Complete Complete ST JOHNS EARLY YEARS 283,930 283,930 283,930 0 0 0 0 0 0 0 0 Complete Complete Complete Complete Complete STANLEY EARLY YEARS 27,514 27,514 27,514 0 0 0 0 0 0 0 0 Complete Complete Complete Complete Complete KILWINNING (PENNYBURN SCHOOL) EARLY YEARS 648,135 648,135 648,135 0 0 0 0 0 0 0 0 Complete Complete Complete Complete Complete DALRY EARLY YEARS CENTRE 56,920 56,920 56,920 0 0 0 0 0 0 0 0 Complete Complete Complete Complete Complete SPRINGVALE EARLY YEARS 104,557 104,557 104,557 0 0 0 0 0 0 0 0 Complete Complete Complete Complete Complete ABBEY / ST LUKES PRIMARY SCHOOL EARLY YEARS 64,615 64,615 64,615 0 0 0 0 0 0 0 0 Complete Complete Complete Complete Complete ST LUKES EARLY YEARS 1,966 1,966 1,966 0 0 0 0 0 0 0 0 Complete Complete Complete Complete Complete CASTLEPARK EARLY YEARS 219,376 219,376 219,376 0 0 0 0 0 0 0 0 Complete Complete Complete Complete Complete LAWTHORN EARLY YEARS 201,037 201,037 201,037 0 0 0 0 0 0 0 0 Complete Complete Complete Complete Complete HAYOCKS EARLY YEARS 246,765 246,765 246,765 0 0 0 0 0 0 0 0 Complete Complete Complete Complete Complete WOODLANDS EARLY YEARS 181,546 181,546 181,546 0 0 0 0 0 0 0 0 Complete Complete Complete Complete Complete CORSEHILL EARLY YEARS 536,144 536,144 536,144 0 0 0 0 0 0 0 0 Complete Complete Complete Complete Complete CALEDONIA EARLY YEARS 255,432 255,432 255,432 0 0 0 0 0 0 0 0 Complete Complete Complete Complete Complete BLACKLANDS EARLY YEARS 204,144 204,144 204,144 0 0 0 0 0 0 0 0 Complete Complete Complete Complete Complete WINTON EARLY YEARS 5,290 5,290 5,290 0 0 0 0 0 0 0 0 Complete Complete Complete Complete Complete SPRINGSIDE EARLY YEARS 566,752 566,752 566,752 0 0 0 0 0 0 0 0 Complete Complete Complete Complete Complete ST MARKS EARLY YEARS 350,497 350,497 350,497 0 0 0 0 0 0 0 0 Complete Complete Complete Complete Complete Other Nursery Education ANNICK PRIMARY EXT - EARLY YRS PROVISION 3,103,416 3,070,354 3,103,416 0 33,062 0 0 0 33,062 0 0 01-Jun-23 01-Jun-23 Construction On Target On Target Total Nursery Education 16,368,237 15,896,227 16,368,237 0 568,862 0 96,852 96,852 568,862 0 0 0 CAPITAL MONITORING 2023/24 CommentsProject Description TOTAL PROJECT COMPLETION DATES DELIVERY STATUS2023/24 BUDGETS
Page 20
COMMUNITIES MILESTONE Total Project Budget Cumulative Expenditure to date Total Project Forecast Projected Over/ (Under) Spend Total Revised Budget 2023/24 Year to Date Budget 2023/24 Actual Expenditure to 30 June 2023 Year to date Variance 2023/24 Projected Expenditure to 31 March 2024 Actual Over/ (Under) Spend for 2023/24 True Over/(Under) Spend Brought / Carry Forward to 2024/25 Original Target Revised Forecast Current Project Stage Delivery Status Financial Delivery Status Physical CAPITAL MONITORING 2023/24 CommentsProject Description TOTAL PROJECT COMPLETION DATES DELIVERY STATUS2023/24 BUDGETS Primary Schools MOORPARK PRIMARY 10,849,441 7,643,802 10,849,441 0 4,312,892 0 1,107,253 1,107,253 5,542,942 1,230,050 1,230,050 30-Sep-24 30-Sep-24 Construction On Target On Target MONTGOMERIE PARK SCHOOL 23,448,999 2,992,086 23,448,999 0 6,939,048 0 1,896,088 1,896,088 9,243,600 2,304,552 2,304,552 01-Aug-25 01-Aug-25 Tender On Target On Target UNIVERSAL FREE SCHOOL MEALS EXPANSION 3,211,546 0 3,211,546 0 252,174 0 0 0 252,174 0 0 31-Mar-24 31-Mar-24 Tender On Target On Target UFSM ARDEER PRIMARY SCHOOL 22,500 0 22,500 0 22,500 0 0 0 22,500 0 0 31-Dec-24 31-Dec-24 Tender On Target On Target UFSM BEITH PRIMARY SCHOOL 22,500 0 22,500 0 22,500 0 0 0 22,500 0 0 31-Dec-24 31-Dec-24 Tender On Target On Target UFSM BRODICK PRIMARY SCHOOL 144,178 121,450 144,178 0 22,844 0 117 117 22,844 0 0 31-Aug-23 31-Aug-23 Construction On Target On Target UFSM CORRIE PRIMARY SCHOOL 52,795 52,795 52,795 0 0 0 0 0 0 0 0 31-Aug-23 31-Aug-23 Construction On Target On Target UFSM CORSEHILL PRIMARY SCHOOL 60,000 0 60,000 0 60,000 0 0 0 60,000 0 0 31-Aug-25 31-Aug-25 Tender On Target On Target UFSM GARNOCK COMMUNITY CAMPUS 90,000 0 90,000 0 90,000 0 0 0 90,000 0 0 31-Aug-25 31-Aug-25 Tender On Target On Target UFSM GLEBE PRIMARY SCHOOL 2,043,869 0 2,043,869 0 0 0 0 0 0 0 0 31-Aug-29 31-Aug-29 Tender On Target On Target UFSM GLENCAIRN PRIMARY SCHOOL 22,500 0 22,500 0 22,500 0 0 0 22,500 0 0 31-Dec-24 31-Dec-24 Tender On Target On Target UFSM HAYOCKS PRIMARY SCHOOL 82,500 0 82,500 0 82,500 0 0 0 82,500 0 0 31-Aug-25 31-Aug-25 Development On Target On Target UFSM KILMORY PRIMARY SCHOOL 60,000 0 60,000 0 60,000 0 0 0 60,000 0 0 31-Aug-24 31-Aug-24 Tender On Target On Target 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 2,081,077 0 2,081,077 0 0 0 0 0 0 0 0 31-Aug-28 31-Aug-28 Tender On Target On Target UFSM PENNYBURN PRIMARY SCHOOL 22,500 0 22,500 0 22,500 0 0 0 22,500 0 0 31-Dec-24 31-Dec-24 Tender On Target On Target UFSM SHISKINE PRIMARY SCHOOL 15,000 6,072 15,000 0 8,928 0 0 0 8,928 0 0 31-Aug-23 31-Aug-23 Construction On Target On Target UFSM WEST KILBRIDE PRIMARY SCHOOL 2,252,504 201,931 2,252,504 0 34,308 0 (4,441) (4,441) 34,308 0 0 31-Aug-27 31-Aug-27 On Site On Target On Target UFSM WHITING BAY PRIMARY SCHOOL 25,000 0 25,000 0 25,000 0 0 0 25,000 0 0 31-Aug-24 31-Aug-24 Tender On Target On Target Total Primary Education 44,655,442 11,166,669 44,655,442 0 11,977,694 0 2,999,016 2,999,016 15,512,296 3,534,602 0 3,534,602 Secondary Schools KILWINNING LEARNING ENVIRONMENT 2,805,435 2,428,004 2,805,435 0 378,401 0 970 970 378,401 0 0 31-Mar-25 31-Mar-25 Construction On Target On Target AYRSHIRE COLLEGE PARTNERSHIP DEVELOPMENT 0 0 0 0 0 0 0 0 0 0 0 Complete Complete Complete Complete Complete ARDROSSAN NEW BUILD 80,205,307 1,761,000 80,205,307 0 4,693,884 0 271,359 271,359 4,693,884 0 0 31-Aug-26 31-Aug-26 In Development On Target On Target Total Secondary Education 83,010,742 4,189,004 83,010,742 0 5,072,285 0 272,329 272,329 5,072,285 0 0 0 Special Education LOCKHART CAMPUS 25,343,637 25,239,710 25,343,637 0 138,595 0 34,668 34,668 138,595 0 0 Complete Complete Snagging Complete Complete Total Special Education 25,343,637 25,239,710 25,343,637 0 138,595 0 34,668 34,668 138,595 0 0 0 Schools Other CO2 MONITORS IN SCHOOLS 298,000 151,457 298,000 0 146,543 0 0 0 146,543 0 0 31-Mar-24 31-Mar-24 Planning On Target On Target SCHOOLS ICT INVESTMENT * 582,194 242,182 582,194 0 582,194 0 242,182 242,182 582,194 0 0 31-Mar-24 31-Mar-24 On-going On Target On Target Total Schools Other 880,194 393,639 880,194 0 728,737 0 242,182 242,182 728,737 0 0 0 Information & Culture CASTLES & HISTORIC MONUMENTS 38,303 0 38,303 0 38,303 0 0 0 38,303 0 0 Holding Code Holding Code Holding Code Holding Code Holding Code ABBEY TOWER 75,176 6,563 75,176 0 68,613 0 0 0 68,613 0 0 31-Mar-25 31-Mar-25 Planning On Hold On Hold Total Information & Cultural 113,479 6,563 113,479 0 106,916 0 0 0 106,916 0 0 0 Completed Projects GARNOCK CAMPUS 40,307,259 40,283,664 40,307,259 0 2,893 0 (20,702) (20,702) 2,893 0 0 Complete Complete Complete Complete Complete AUCHENHARVIE SECONDARY ESTATE LEARNING ENVT 3,112,120 3,111,334 3,112,120 0 786 0 0 0 786 0 0 Complete Complete Complete Complete Complete Total Completed Projects 43,419,379 43,394,998 43,419,379 0 3,679 0 (20,702) (20,702) 3,679 0 0 0 Total Communities 213,791,110 100,286,809 213,791,110 0 18,596,768 0 3,624,345 3,624,345 22,131,370 3,534,602 0 3,534,602
Page 21
CHIEF EXECUTIVE MILESTONE Total Project Budget Cumulative Expenditure to date Total Project Forecast Projected Over/ (Under) Spend Total Revised Budget 2023/24 Year to Date Budget 2023/24 Actual Expenditure to 30 June 2023 Year to date Variance 2023/24 Projected Expenditure to 31 March 2024 Actual Over/ (Under) Spend for 2023/24 True Over/(Under) Spend Brought / Carry Forward to 2024/25 Original Target Revised Forecast Current Project Stage Delivery Status Financial Delivery Status Physical £ £ £ £ £ £ £ £ £ £ £ £ Council IT Strategy ICT INVESTMENT FUND 4,075,490 957,838 4,075,490 0 543,757 0 48,105 48,105 543,757 0 0 31-Mar-26 31-Mar-26 On-going On Target On Target WAN 902,197 402,197 902,197 0 0 0 0 0 0 0 0 31-Mar-28 31-Mar-28 Implementation On Target On Target LAN/WiFi 2,673,000 1,060,026 2,673,000 0 228,838 0 115,865 115,865 228,838 0 0 31-Mar-28 31-Mar-28 Implementation On Target On Target TELEPHONY 1,146,693 232,042 1,146,693 0 269,050 0 4,399 4,399 119,050 (150,000) (150,000) 31-Mar-28 31-Mar-28 Implementation On Target On Target Total IT Strategy 8,797,380 2,652,103 8,797,380 0 1,041,645 0 168,369 168,369 891,645 (150,000) 0 (150,000) Total Chief Executive 8,797,380 2,652,103 8,797,380 0 1,041,645 0 168,369 168,369 891,645 (150,000) 0 (150,000) CAPITAL MONITORING 2023/24 CommentsProject Description COMPLETION DATESTOTAL PROJECT DELIVERY STATUS2023/24 BUDGETS
Page 22
HEALTH & SOCIAL CARE MILESTONE Total Project Budget Cumulative Expenditure to date Total Project Forecast Projected Over/ (Under) Spend Total Revised Budget 2023/24 Year to Date Budget 2023/24 Actual Expenditure to 30 June 2023 Year to date Variance 2023/24 Projected Expenditure to 31 March 2024 Actual Over/ (Under) Spend for 2023/24 True Over/(Under) Spend Brought / Carry Forward to 2024/25 Original Target Revised Forecast Current Project Stage Delivery Status Financial Delivery Status Physical £ £ £ £ £ £ £ £ £ £ £ £ Management & Support HOME CARE SYSTEM 433,917 433,917 433,917 0 0 0 0 0 0 0 0 Complete Complete Complete Complete Complete COMMUNITY ALARMS - ANALOGUE TO DIGITAL 996,000 4,190 996,000 0 658,810 0 0 0 658,810 0 0 31-Dec-23 31-Dec-23 Future Years On Target On Target CAREFIRST IT SYSTEM 84,620 84,620 84,620 0 0 0 0 0 0 0 0 Complete Complete Complete Complete Complete CAREFIRST REPLACEMENT 536,058 267,993 536,058 0 268,065 0 0 0 268,065 0 0 31-Aug-24 31-Aug-24 In development On Target On Target 47 WEST ROAD 300,000 0 300,000 0 300,000 0 0 0 300,000 0 0 21-Jun-24 21-Jun-24 Refurbishment On Target On Target Total Management & Support 2,350,596 790,721 2,350,596 0 1,226,875 0 0 0 1,226,875 0 0 0 Housing Non HRA IMPROVEMENT GRANTS * 656,571 159,758 656,571 0 656,571 0 159,758 159,758 656,571 0 0 31-Mar-24 31-Mar-24 Ongoing On Target On Target Total Housing Non HRA 656,571 159,758 656,571 0 656,571 0 159,758 159,758 656,571 0 0 0 Adults TRINDLEMOSS 4,608,078 4,590,097 4,608,078 0 18,047 0 66 66 18,047 0 0 Complete Complete Complete Complete Complete Total Older People 4,608,078 4,590,097 4,608,078 0 18,047 0 66 66 18,047 0 0 0 Young People RESIDENTIAL & RESPITE UNIT 5,579,718 5,223,534 5,579,718 0 363,177 0 6,993 6,993 363,177 0 0 Complete Complete Snagging Complete Complete Total Young People 5,579,718 5,223,534 5,579,718 0 363,177 0 6,993 6,993 363,177 0 0 0 Total Health & Social Care 13,194,962 10,764,109 13,194,962 0 2,264,670 0 166,817 166,817 2,264,670 0 0 0 CAPITAL MONITORING 2023/24 2023/24 BUDGETSTOTAL PROJECT COMPLETION DATES CommentsProject Description DELIVERY STATUS
Page 23
PLACE MILESTONE Total Project Budget Cumulative Expenditure to date Total Project Forecast Projected Over/ (Under) Spend Total Revised Budget 2023/24 Year to Date Budget 2023/24 Actual Expenditure to 30 June 2023 Year to Date Variance 2023/24 Projected Expenditure to 31 March 2024 Actual Over/ (Under) Spend for 2023/24 True Over/ (Under) Spend Brought / Carry Forward to 2024/25 Original Target Revised Forecast Current Project Stage Delivery Status Financial Delivery Status Physical £ £ £ £ £ £ £ £ £ £ £ £ Roads ROADS IMPROVE/RECONSTRUCTION * 4,447,261 4,447,261 4,447,261 0 4,447,261 0 266,574 266,574 4,447,261 0 0 31-Mar-24 31-Mar-24 Multiple Projects On Target On Target ROAD SAFETY IMPROVEMENT FUND 215,647 215,647 215,647 0 215,647 0 0 0 215,647 0 0 31-Mar-24 31-Mar-24 In Development On Target On Target A737 DALRY BYPASS 375,735 375,735 375,735 0 375,735 0 0 0 375,735 0 0 31-Mar-24 31-Mar-24 In Development On Target On Target TRAFFIC CALMING 175,000 92,047 175,000 0 82,953 0 0 0 82,953 0 0 31-Mar-24 31-Mar-24 In Development On Target On Target LIGHTING * 1,417,342 63,348 1,417,342 0 1,417,342 0 63,348 63,348 1,417,342 0 0 31-Mar-24 31-Mar-24 Multiple Projects On Target On Target LED LIGHTING REPLACEMENT 694,999 79,132 694,999 0 154,169 0 79,132 79,132 154,169 0 0 31-Mar-24 31-Mar-24 Multiple Projects On Target On Target A737 DALRY BYPASS LIGHTING 20,685 0 20,685 0 16,611 0 0 0 16,611 0 0 31-Mar-24 31-Mar-24 Preparing Works PackagesOn Target On Target UPPER GARNOCK FPS 18,503,800 17,558,640 18,503,800 0 1,067,828 0 122,667 122,667 1,067,828 0 0 Complete Complete Complete Complete Complete MILLPORT COASTAL FPS 48,599,797 5,401,766 48,599,797 0 26,724,382 0 3,561,351 3,561,351 26,724,382 0 0 31-Aug-24 31-Aug-24 Construction On Target On Target MILLBURN FPS 1,757,000 253,471 1,757,000 0 393,547 0 0 0 393,547 0 0 31-Jul-24 31-Jul-24 Design On Target On Target MILLPORT PIER 500,000 150,080 500,000 0 0 0 0 0 40,000 40,000 40,000 31-Mar-25 31-Mar-25 In Development On Target On Target BRIDGES INFRASTRUCTURE PROG * 899,430 194,854 899,430 0 899,430 0 194,854 194,854 899,430 0 0 31-Mar-24 31-Mar-24 Multiple Projects On Target On Target LARGS PROMENADE SEAWALL 3,969,000 337,674 3,969,000 0 3,635,046 0 3,719 3,719 3,635,046 0 0 30-Apr-24 30-Apr-24 Construction On Target On Target B714 UPGRADE 26,063,443 1,319,710 26,063,443 0 822,741 0 430,452 430,452 1,250,795 428,054 428,054 28-Feb-26 28-Feb-26 Outline Design On Target On Target LARGS CAR PARK INFRASTRUCTURE 55,128 55,128 55,128 0 661 0 661 661 661 0 0 Complete Complete Complete Complete Complete PARKING CHARGES & DPE 250,610 80,025 250,610 0 170,585 0 0 0 170,585 0 0 31-Mar-24 31-Mar-24 In Development On Target On Target Total Roads 107,944,875 30,624,516 107,944,875 0 40,423,938 0 4,722,759 4,722,759 40,891,992 468,054 0 468,054 Streetscene CEMETERY EXTNS, WALLS & INFRA * 526,939 0 526,939 0 (111,834) 0 0 0 0 111,834 111,834 Holding Code Holding Code Holding Code Holding Code Holding Code CMTY, LAMLASH - EXTENSION 715,065 715,065 715,065 0 0 0 0 0 0 0 0 Complete Complete Complete Complete Complete CMTY, ARDROSSAN - PLOTS/WALLS 217,922 152,479 217,922 0 61,864 0 (3,578) (3,578) 61,864 0 0 Complete Complete Complete Complete Complete CMTY, KILBIRNIE - WORKS 25,383 25,383 25,383 0 0 0 0 0 0 0 0 Complete Complete Complete Complete Complete CMTY, KILWINNING - NEW 1,402,589 1,363,542 1,402,589 0 138,061 0 99,014 99,014 138,061 0 0 31-May-23 31-May-23 Construction On Target On Target CMTY, KNADGERHILL - EXTENSION 416,471 414,810 416,471 0 1,661 0 0 0 1,661 0 0 Complete Complete Complete Complete Complete CMTY, WEST KILBRIDE - WORKS 398,033 361,141 398,033 0 36,892 0 0 0 36,892 0 0 28-Feb-24 28-Feb-24 Construction On Target On Target CMTY, STEV HIGH ROAD - WORKS 506,878 491,694 506,878 0 137,408 0 122,223 122,223 137,408 0 0 30-Apr-23 30-Apr-23 Construction On Target On Target ARDROSSAN CEMETERY NEW 603 603 603 0 0 0 0 0 0 0 0 On Hold On Hold On Hold On Hold On Hold CMTY, BRODICK - NEW 12,000 8,317 12,000 0 4,979 0 1,296 1,296 4,979 0 0 On Hold On Hold On Hold On Hold On Hold CMTY, KILBIRNIE - WALLS 188,370 15,626 188,370 0 172,744 0 0 0 172,744 0 0 31-Mar-25 31-Mar-25 Feasibility Works On Target On Target CMTY, BEITH - WALLS 87,542 14,635 87,542 0 72,907 0 0 0 72,907 0 0 31-Mar-25 31-Mar-25 Feasibility Works On Target On Target CMTY, ABBEY TOWER - WALLS 95,550 6,052 95,550 0 89,498 0 0 0 89,498 0 0 31-Aug-25 31-Aug-25 Feasibility Works On Target On Target CMTY, STEV HAWKHILL - WALLS 108,732 5,860 108,732 0 102,872 0 0 0 102,872 0 0 31-Aug-25 31-Aug-25 Feasibility Works On Target On Target CMTY, WEST KILBRIDE - WALLS 99,528 4,604 99,528 0 94,924 0 0 0 94,924 0 0 On Hold On Hold On Hold On Hold On Hold 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 3,260 3,260 3,260 0 0 0 0 0 0 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 22,754 22,754 0 0 0 0 0 0 0 0 Future years Future years Feasibility Works On Target On Target CMTY, KILBIRNIE - NEW 600,514 11,287 600,514 0 389,227 0 0 0 389,227 0 0 Future years Future years 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 900,000 0 900,000 0 600,000 0 0 0 300,000 (300,000) (300,000) 31-Mar-25 31-Mar-25 Planning On Target On Target COASTAL PLAY PARKS 0 255,071 0 0 0 0 255,071 255,071 0 0 0 31-Mar-24 31-Mar-24 Planning On Target On Target STREET FURNITURE IMPROVEMENT 69,469 87,123 69,469 0 0 0 17,654 17,654 0 0 0 31-Mar-24 31-Mar-24 Planning On Target On Target PARK ENABLING WORKS 85,363 111,102 85,363 0 0 0 25,740 25,740 0 0 0 31-Mar-24 31-Mar-24 Planning On Target On Target RENEWAL OF PLAY PARKS 1,391,000 335,189 1,391,000 0 356,712 0 225,901 225,901 356,712 0 0 31-Mar-24 31-Mar-24 Construction On Target On Target Total Streetscene 7,891,828 4,423,461 7,891,828 0 2,147,915 0 743,321 743,321 1,959,749 (188,166) 0 (188,166) Transport VEHICLES * 2,130,744 1,709,616 2,130,744 0 2,130,744 0 1,709,616 1,709,616 2,130,744 0 0 31-Mar-24 31-Mar-24 Ongoing On Target On Target WORKPLACE CHARGERS 318,261 226,433 318,261 0 92,858 0 1,030 1,030 92,858 0 0 31-Mar-24 31-Mar-24 Ongoing On Target On Target FLEET DECARBONISATION 2,308,449 37,585 2,308,449 0 2,270,864 0 0 0 2,270,864 0 0 31-Mar-24 31-Mar-24 Ongoing On Target On Target Total Transport 4,757,454 1,973,635 4,757,454 0 4,494,466 0 1,710,646 1,710,646 4,494,466 0 0 0 Waste Services SHEWALTON LANDFILL 13,272,542 13,272,542 13,272,542 0 0 0 0 0 0 0 0 Complete Complete Complete Complete Complete WASTE COLLECTION REVIEW 1,266,801 1,266,801 1,266,801 0 0 0 0 0 0 0 0 Complete Complete Complete Complete Complete Total Waste Services 14,539,343 14,539,343 14,539,343 0 0 0 0 0 0 0 0 0 CAPITAL MONITORING 2023/24 Project Description TOTAL PROJECT 2023/24 BUDGETS COMPLETION DATES DELIVERY STATUS Comments
Page 24
PLACE MILESTONE Total Project Budget Cumulative Expenditure to date Total Project Forecast Projected Over/ (Under) Spend Total Revised Budget 2023/24 Year to Date Budget 2023/24 Actual Expenditure to 30 June 2023 Year to Date Variance 2023/24 Projected Expenditure to 31 March 2024 Actual Over/ (Under) Spend for 2023/24 True Over/ (Under) Spend Brought / Carry Forward to 2024/25 Original Target Revised Forecast Current Project Stage Delivery Status Financial Delivery Status Physical CAPITAL MONITORING 2023/24 Project Description TOTAL PROJECT 2023/24 BUDGETS COMPLETION DATES DELIVERY STATUS Comments Renewable Energy SOLAR PV RETROFIT EXTENSION 120,000 42,014 120,000 0 77,986 0 0 0 77,986 0 0 31-Mar-24 31-Mar-24 Planning On Target On Target SOLAR PV INVESTMENT - NETHERMAINS 7,289,441 211,694 7,289,441 0 6,622,319 0 66,013 66,013 6,622,319 0 0 30-Apr-24 30-Apr-24 Work Ongoing On Target On Target SOLAR PV INVESTMENT - SHEWALTON 5,540,347 148,669 5,540,347 0 252,530 0 50,558 50,558 252,530 0 0 30-Oct-24 30-Oct-24 Work Ongoing On Target On Target NON DOMESTIC ENERGY EFFICIENCY PROGRAMME 1,000,000 899,585 1,000,000 0 63,589 0 (36,827) (36,827) 63,589 0 0 31-Mar-24 31-Mar-24 Work Ongoing On Target On Target NATURE RESTORATION FUND 711,000 0 711,000 0 711,000 0 0 0 711,000 0 0 31-Mar-24 31-Mar-24 Planning On Target On Target ELECTRIC VEHICLES INFRASTRUCTURE 646,392 646,392 646,392 0 0 0 0 0 0 0 0 31-Mar-24 31-Mar-24 Various On Target On Target Total Renewable Energy 15,307,181 1,948,354 15,307,181 0 7,727,424 0 79,745 79,745 7,727,424 0 0 0 Office Accommodation PROPERTY LIFECYCLE INVESTMENT * 133,604 419 133,604 0 133,604 0 419 419 133,604 0 0 0 31-Mar-24 31-Mar-24 Mulitple projects On Target On Target PLI BEITH CEMETERY 69 69 69 0 69 0 69 69 69 0 0 Complete Complete Complete Complete Complete PLI TOWNEND CC 7,949 7,949 7,949 0 7,949 0 7,949 7,949 7,949 0 0 Complete Complete Complete Complete Complete PLI PORTLAND PLACE 27,967 17,267 27,967 0 27,967 0 17,267 17,267 27,967 0 0 0 30-Nov-23 30-Nov-23 Planning On Target On Target PLI WEST BYREHILL DEPOT 106,204 106,204 106,204 0 106,204 0 106,204 106,204 106,204 0 0 0 Complete Complete Complete Complete Complete PLI GOLDCRAIGS DEPOT 114,767 4,878 114,767 0 114,767 0 4,878 4,878 114,767 0 0 31-Mar-24 31-Mar-24 Planning On Target On Target PLI BEITH PRIMARY SCHOOL 2,300 1,957 2,300 0 2,300 0 1,957 1,957 2,300 0 0 0 31-Mar-24 31-Mar-24 Planning On Target On Target PLI BLACKLANDS PRIMARY SCHOOL 0 (4,080) 0 0 0 0 (4,080) (4,080) 0 0 0 Complete Complete Complete Complete Complete PLI CASTLEPARK PRIMARY SCHOOL 83,915 0 83,915 0 83,915 0 0 0 83,915 0 0 18-Aug-23 18-Aug-23 Planning On Target On Target PLI CUMBRAE PRIMARY 3,867 3,867 3,867 0 3,867 0 3,867 3,867 3,867 0 0 Complete Complete Complete Complete Complete PLI DALRY PRIMARY SCHOOL 68,314 0 68,314 0 68,314 0 0 0 0 (68,314) (68,314) 18-Aug-24 18-Aug-24 Planning On Target On Target PLI DREGHORN PRIMARY SCHOOL 71,453 2,633 71,453 0 71,453 0 2,633 2,633 71,453 0 0 31-Aug-23 31-Aug-23 Planning On Target On Target PLI PENNYBURN PRIMARY 178,419 520 178,419 0 178,419 0 520 520 178,419 0 0 31-Aug-23 31-Aug-23 Planning On Target On Target PLI PIRNMILL PRIMARY 0 6,142 0 0 0 0 6,142 6,142 0 0 0 31-Mar-24 31-Mar-24 Planning On Target On Target PLI SKELMORLIE PRIMARY SCHOOL 73,980 2,178 73,980 0 73,980 0 2,178 2,178 73,980 0 0 30-Nov-23 30-Nov-23 Planning On Target On Target PLI ST BRIDGETS PRIMARY 855 124 855 0 855 0 124 124 855 0 0 31-Mar-24 31-Mar-24 Planning On Target On Target PLI ST JOHN OGILVIE PRIMARY SCHOOL 6,744 6,744 6,744 0 6,744 0 6,744 6,744 6,744 0 0 Complete Complete Complete Complete Complete PLI AUCHENHARVIE ACADEMY* 374,081 173,833 374,081 0 374,081 0 173,833 173,833 374,081 0 0 31-Dec-23 31-Dec-23 Construction On Target On Target PLI IRVINE ROYAL ACADEMY* 12,000 12,000 12,000 0 12,000 0 12,000 12,000 12,000 0 0 Complete Complete Complete Complete Complete PLI KILWINNING ACADEMY 188,421 1,014 188,421 0 188,421 0 1,014 1,014 188,421 0 0 31-Oct-23 31-Oct-23 Planning On Target On Target PLI KYLE ROAD UNIT 34 4,067 0 4,067 0 4,067 0 0 0 4,067 0 0 31-Aug-23 31-Aug-23 Planning On Target On Target PLI ACHNAMARA CHILDREN'S UNIT 9,000 0 9,000 0 9,000 0 0 0 9,000 0 0 31-Aug-23 31-Aug-23 Planning On Target On Target PLI ANAM CARA 28,333 5,020 28,333 0 28,333 0 5,020 5,020 28,333 0 0 31-Oct-23 31-Oct-23 Planning On Target On Target PLI EGLINTON CASTLE 48,000 0 48,000 0 48,000 0 0 0 48,000 0 0 31-Mar-24 31-Mar-24 Planning On Target On Target PLI THE PORTAL 56,611 0 56,611 0 56,611 0 0 0 56,611 0 0 Complete Complete Complete Complete Complete Total Office Accommodation 1,600,920 348,738 1,600,920 0 1,600,920 0 348,738 348,738 1,532,606 (68,314) 0 (68,314) Other Property INDUSTRIAL PORTFOLIO * 430,713 0 430,713 0 430,713 0 0 0 430,713 0 0 On Hold On Hold On Hold On Hold On Hold HOME 4,470,198 289,898 4,470,198 0 3,148,529 0 1,250 1,250 3,148,529 0 0 0 On Hold On Hold On Hold On Hold On Hold BUILD 284,086 47,749 284,086 0 237,837 0 1,500 1,500 1,500 (236,337) (236,337) 0 On Hold On Hold On Hold On Hold On Hold EMERGENCY CONTROL CTR 158,000 66,220 158,000 0 156,780 0 65,000 65,000 156,780 0 0 0 31-Mar-24 31-Mar-24 In development On Target On Target GOLDCRAIGS REFURBISHMENT 766,000 25,000 766,000 0 741,000 0 0 0 741,000 0 0 0 31-Mar-24 31-Mar-24 In development On Target On Target GALLOWGATE TOILETS 275,803 87,983 275,803 0 246,153 0 58,333 58,333 246,153 0 0 31-Jul-23 31-Jul-23 Planning On Target On Target WOODLANDS PRIMARY PLAYINGFIELD DRAINAGE 134,641 104,190 134,641 0 28,519 0 (1,932) (1,932) 28,519 0 0 Complete Complete Complete Complete Complete Total Property 6,519,441 621,040 6,519,441 0 4,989,531 0 124,151 124,151 4,753,194 (236,337) (236,337) 0 Other Housing CCTV REVIEW 350,000 0 350,000 0 350,000 0 0 0 350,000 0 0 31-Mar-24 31-Mar-24 Planning On Target On Target 2-4 BOYLE STREET HOSTEL 120,000 0 120,000 0 31,025 0 (88,975) (88,975) 31,025 0 0 12-May-23 12-May-23 Construction On Target On Target Total Other Housing 470,000 0 470,000 0 381,025 0 (88,975) (88,975) 381,025 0 0 0 Regeneration TOWN CENTRE REGENERATION 1,201,659 1,002,714 1,201,659 0 205,691 0 6,745 6,745 205,691 0 0 30-Sep-23 30-Sep-23 Construction On Target On Target REPURPOSING PROPERTY GRANT FUND 348,665 23,845 348,665 0 347,985 0 23,165 23,165 347,985 0 0 30-May-25 30-May-25 In development On Target On Target STEVENSTON BEACH HUB 95,475 95,475 95,475 0 0 0 0 0 0 0 0 Complete Complete Complete Complete Complete MILLPORT TOWN HALL REGENERATION 754,026 712,814 754,026 0 220,534 0 179,322 179,322 220,534 0 0 31-May-23 31-May-23 Construction On Target On Target MILLPORT TOWN HALL PHASE 2 433,520 61,696 433,520 0 433,520 0 61,696 61,696 433,520 0 0 31-May-23 31-May-23 Construction On Target On Target ISLANDS PIT STOPS 540,000 0 540,000 0 540,000 0 0 0 540,000 0 0 31-Mar-24 31-Mar-24 In development On Target On Target ISLAND INFRASTRUCTURE FUND 259,000 118,626 259,000 0 140,374 0 0 0 140,374 0 0 31-Mar-24 31-Mar-24 In development On Target On Target ISLANDS COST CRISIS FUND 17,000 0 17,000 0 17,000 0 0 0 17,000 0 0 31-Mar-24 31-Mar-24 In development On Target On Target PLACE BASED INVESTMENT PROGRAMME (PBIP) 1,041,035 279,275 1,041,035 0 1,010,258 0 248,498 248,498 1,010,258 0 0 31-Mar-26 31-Mar-26 In development On Target On Target UK SHARED PROSPERITY FUND (SPF) 300,744 0 300,744 0 300,744 0 0 0 300,744 0 0 31-Mar-25 31-Mar-25 In development On Target On Target PBIP 36 BANK STREET 169,999 89,528 169,999 0 86,827 0 6,356 6,356 86,827 0 0 31-Dec-25 31-Dec-25 In development On Target On Target PBIP GALT HOUSE 50,000 0 50,000 0 50,000 0 0 0 50,000 0 0 31-Mar-24 31-Mar-24 In development On Target On Target IRVINE HIGH STREET 2,837,316 2,720,001 2,837,316 0 115,961 0 (1,353) (1,353) 115,961 0 0 Complete Complete Complete Complete Complete DOCKHEAD STREET SALTCOATS 100,000 0 100,000 0 100,000 0 0 0 100,000 0 0 31-Mar-24 31-Mar-24 In development On Target On Target MILLPORT CARS 11,943 0 11,943 0 11,943 0 0 0 11,943 0 0 31-Mar-24 31-Mar-24 Construction On Target On Target MONTGOMERIE PARK MASTERPLAN 4,218,597 1,775,944 4,218,597 0 353,665 0 1,012 1,012 353,665 0 0 31-Mar-30 31-Mar-30 In development On Target On Target
Page 25
PLACE MILESTONE Total Project Budget Cumulative Expenditure to date Total Project Forecast Projected Over/ (Under) Spend Total Revised Budget 2023/24 Year to Date Budget 2023/24 Actual Expenditure to 30 June 2023 Year to Date Variance 2023/24 Projected Expenditure to 31 March 2024 Actual Over/ (Under) Spend for 2023/24 True Over/ (Under) Spend Brought / Carry Forward to 2024/25 Original Target Revised Forecast Current Project Stage Delivery Status Financial Delivery Status Physical CAPITAL MONITORING 2023/24 Project Description TOTAL PROJECT 2023/24 BUDGETS COMPLETION DATES DELIVERY STATUS Comments LOCHSHORE, KILBIRNIE 2,061,138 1,771,188 2,061,138 0 419,358 0 129,409 129,409 419,358 0 0 31-May-25 31-May-25 In development On Target On Target LOCHSHORE GARNOCK HUB 4,195,999 4,023,247 4,195,999 0 112,229 0 (60,524) (60,524) 112,229 0 0 Complete Complete Complete Complete Complete VDLF - IRVINE KYLE ROAD SITE PREP* 1,421,110 1,421,110 1,421,110 0 0 0 0 0 0 0 0 Complete Complete Complete Complete Complete VDLF - KYLE ROAD PHASE 2 1,798,066 143,495 1,798,066 0 1,657,226 0 2,655 2,655 1,657,226 0 0 31-Mar-24 31-Mar-24 In development On Target On Target VDLF - ANNICKBANK PH 3* 1,981,000 228,066 1,981,000 0 1,904,739 0 151,805 151,805 1,904,739 0 0 31-Mar-24 31-Mar-24 Tender On Target On Target VDLF - DEVELOPMENT WORK* 422,479 114,955 422,479 0 329,012 0 21,488 21,488 329,012 0 0 31-Mar-24 31-Mar-24 In development On Target On Target VDLF - MAIN ST KILBIRNIE* 53,000 53,000 53,000 0 0 0 0 0 0 0 0 Complete Complete Complete Complete Complete VDLF - DALRY RD SALTCOATS* 2,905 2,905 2,905 0 0 0 0 0 0 0 0 Complete Complete Complete Complete Complete VDLF - STRATEGY 28,555 0 28,555 0 28,555 0 0 0 28,555 0 0 30-Sep-23 30-Sep-23 In development On Target On Target VDLF - TREE PLANTING 50,000 2,400 50,000 0 47,600 0 0 0 47,600 0 0 31-Dec-23 31-Dec-23 In development On Target On Target VDLF - MINOR IMPROVEMENTS 10,000 10,000 10,000 0 0 0 0 0 0 0 0 Complete Complete Complete Complete Complete MONTGOMERIE PARK NEIGHBOURHOOD CTR 175,000 0 175,000 0 175,000 0 0 0 175,000 0 0 31-Mar-24 31-Mar-24 In development On Target On Target VDLF STALLED SPACES FUND 125,000 0 125,000 0 125,000 0 0 0 125,000 0 0 31-Mar-24 31-Mar-24 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 VDLF - GAS WORKS (DALRY)* 173,896 173,896 173,896 0 0 0 0 0 0 0 0 Complete Complete Complete Complete Complete CYCLING/WALKING/SAFER STREETS * 1,311,610 819,545 1,311,610 0 1,311,610 0 26,449 26,449 1,311,610 0 0 31-Mar-24 31-Mar-24 Various On Target On Target ACCESS PATH NETWORK PROGRAMME * 669,667 669,667 669,667 0 669,667 0 1,262 1,262 669,667 0 0 31-Mar-24 31-Mar-24 Various On Target On Target FAIRLIE COASTAL PATH 500,000 500,000 500,000 0 500,000 0 0 0 500,000 0 0 31-Dec-23 31-Dec-23 In development On Target On Target IRVINE CYCLE FRIENDLY TOWN 50,000 466,198 50,000 0 50,000 0 0 0 50,000 0 0 31-Mar-24 31-Mar-24 Various On Target On Target BRODICK TO CORRIE CYCLE PATH 80,000 60,199 80,000 0 80,000 0 0 0 80,000 0 0 31-Mar-24 31-Mar-24 Design On Target On Target ARDROSSAN PROMENADE 788,000 0 788,000 0 788,000 0 0 0 788,000 0 0 31-Mar-24 31-Mar-24 Planning On Target On Target BUS CORRIDOR IMPROVEMENTS 289,041 189,041 289,041 0 100,000 0 0 0 100,000 0 0 31-Mar-24 31-Mar-24 Various On Target On Target CUMBRAE FERRY & BUS STOP 489,547 140,253 489,547 0 350,000 0 706 706 350,000 0 0 31-Mar-24 31-Mar-24 Design On Target On Target B714 ACTIVE TRAVEL IMPROVEMENTS 500,000 100,000 500,000 0 400,000 0 0 0 400,000 0 0 31-Mar-24 31-Mar-24 Design On Target On Target B777 CORRIDOR IMPROVEMENTS 38,400 10,592 38,400 0 33,600 0 5,792 5,792 33,600 0 0 31-Mar-24 31-Mar-24 Planning On Target On Target SALTCOATS OLD CAL RAILWAY PH1 268,588 55,075 268,588 0 213,513 0 0 0 213,513 0 0 26-Jun-23 26-Jun-23 Planning On Target On Target SALTCOATS OLD CAL RAILWAY PH2 31,888 0 31,888 0 31,888 0 0 0 31,888 0 0 31-Mar-24 31-Mar-24 Planning On Target On Target Total Regeneration 35,103,365 23,039,468 35,103,365 0 13,266,277 0 804,481 804,481 13,266,277 0 0 0 Ayrshire Growth Deal AGD - I3 DPMC PHASE 1 1,000,000 5,449 1,000,000 0 600,000 0 0 0 400,000 (200,000) (200,000) 31-Mar-26 31-Mar-26 Design On Target On Target AGD - I3 DPMC PHASE 2 4,999,999 248,651 4,999,999 0 210,554 0 9,235 9,235 200,000 (10,554) (10,554) 31-Mar-26 31-Mar-26 Design On Target On Target AGD - I3 FLEXIBLE BUSINESS SPACE PHASE 1 15,617,569 610,750 15,617,569 0 3,671,828 0 65,327 65,327 2,339,000 (1,332,828) (1,332,828) 31-Oct-24 31-Oct-24 Multiple Projects On Target On Target AGD - I3 FLEXIBLE BUSINESS SPACE PHASE 2 100,000 0 100,000 0 100,000 0 0 0 100,000 0 0 31-Mar-28 31-Mar-28 Multiple Projects On Target On Target AGD - HUNTERSTON - CENTRE OF LOW CARBON ENERGY & CIRCULAR ECONOMY 18,040,001 234,562 18,040,001 0 353,892 0 2,335 2,335 200,000 (153,892) (153,892) 31-Mar-30 31-Mar-30 Multiple Projects On Target On Target AGD - GREAT HARBOUR 14,187,576 635,194 14,187,576 0 646,013 0 37,105 37,105 503,000 (143,013) (143,013) 31-Mar-28 31-Mar-28 Multiple Projects On Target On Target AGD - IMSE 10,500,000 137,404 10,500,000 0 142,747 0 3,891 3,891 100,000 (42,747) (42,747) 31-Mar-30 31-Mar-30 Design On Target On Target AGD - MARINE TOURISM ARDROSSAN 7,500,000 335,474 7,500,000 0 463,683 0 778 778 450,000 (13,683) (13,683) 31-Mar-26 31-Mar-26 Design On Target On Target AGD - MARINE TOURISM ARRAN 2,025,577 66,203 2,025,577 0 40,482 0 5,719 5,719 30,000 (10,482) (10,482) 31-Mar-29 31-Mar-29 Design On Target On Target AGD - MARINE TOURISM CUMBRAE 2,025,577 75,870 2,025,577 0 60,648 0 7,691 7,691 50,000 (10,648) (10,648) 31-Mar-29 31-Mar-29 Design On Target On Target Total Ayrshire Growth Deal 75,996,300 2,349,558 75,996,300 0 6,289,847 0 132,082 132,082 4,372,000 (1,917,847) 0 (1,917,847) Growth & Investment ARDROSSAN HARBOUR INTERCHANGE 4,127,112 472,478 4,127,112 0 84,257 0 17,026 17,026 128,000 43,743 43,743 1st Qtr 2026 1st Qtr 2026 Design On Target On Target IRVINE ENTERPRISE AREA 10,746,072 0 10,746,072 0 0 0 0 0 0 0 0 Ongoing Ongoing Multiple Projects On Target On Target LOW CARBON HUB 1,430,017 112,005 1,430,017 0 1,318,012 0 0 0 1,318,012 0 0 30-Sep-24 30-Sep-24 Multiple Projects On Target On Target ARDROSSAN NORTH SHORE 41,532,859 2,898,951 41,532,859 0 26,092,051 0 65,185 65,185 26,092,051 0 0 27-May-24 27-May-24 Tender On Target On Target VDLF - HARBOUR MASTERS OFFICE 157,500 20,933 157,500 0 136,567 0 0 0 136,567 0 0 31-Mar-24 31-Mar-24 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-24 Design On Target On Target Other Growth & Investment 58,272,971 3,761,387 58,272,971 0 27,653,278 0 82,211 82,211 27,697,021 43,743 0 43,743 Total Economic Development & Regeneration 169,372,636 29,150,413 169,372,636 0 47,209,402 0 1,018,773 1,018,773 45,335,298 (1,874,104) 0 (1,874,104) 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 2,898,460 2,977,098 0 40,595 0 (38,043) (38,043) 40,595 0 0 Complete Complete Defects Period Complete Complete ARDROSSAN HOSTEL 0 0 2,086 2,086 0 0 0 Complete Complete Complete Complete Complete Total Completed Projects 6,355,261 6,275,623 6,355,261 0 40,595 0 (36,958) (36,958) 40,595 0 0 0 Total Place 334,758,940 89,905,123 334,758,940 0 109,015,216 0 8,622,201 8,622,201 107,116,349 (1,898,867) (236,337) (1,662,530)
Page 26
OTHER BUDGETS AE Total Project Budget Cumulative Expenditure to date Total Project Forecast Projected Over/ (Under) Spend Total Revised Budget 2023/24 Year to Date Budget 2023/24 Actual Expenditure to 30 June 2023 Year to Date Variance 2023/24 Projected Expenditure to 31 March 2024 Over/ (Under) Spend for 23/24 £ £ £ £ £ £ £ £ £ £ FLEXIBILITY / IMPROVEMENT FUND 10,103,666 0 8,873,616 (1,230,050) 3,003,666 0 0 0 1,773,616 (1,230,050) CORE INFRASTRUCTURE INVESTMENT 351,000 0 351,000 0 351,000 0 0 0 351,000 0 Total Other Budgets 10,103,666 0 8,873,616 (1,230,050) 3,354,666 0 0 0 2,124,616 (1,230,050) 2023/24 BUDGETS CommentsProject Description TOTAL PROJECT
Page 27
APPENDIX 2 TOTAL PROJECT Project Description Total Project Budget Cumulative Expenditure to date Total Project Forecast Projected Over/ (Under) Spend Total Revised Budget 2023/24 Actual Expenditure to 31 June 2023 Projected Expenditure to 31st March 2024 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 1,088,468 1,335,654 0 681,987 434,801 681,987 0 0 On Target On Target Project on-site, due to complete July 2023. Ayrshire Central Site 50,373,322 2,611,059 50,373,322 0 35,270,992 52,408 600,000 (34,670,992) On Target Significantly off target Project due to commence on site February 2024. Project start date delayed to allow an energy options appraisal to be carried out to inform the heating strategy for the site. Following confirmation of the strategy, further design work was required for the site and internal layouts of the properties. Due to the size of the development a second public consultation event was also required. Bourtreehill Village 9,924,743 65,865 9,924,743 0 3,944,138 0 50,000 (3,894,138) On Target Significantly off target First draft plans consultation event took place 28 June 2023. Due to commence on-site October 2024. Brathwic Terrace 6,674,074 6,522,518 6,674,074 0 26,403 (91,173) 151,556 125,153 On Target Complete Complete - reported underspend in 22/23 offset by overspend in 23/24 Caley Court 3,131,066 2,808,436 3,131,066 0 322,630 1,863 322,630 0 On Target Complete Complete Corsehillhead 2,027,810 212,599 2,027,810 0 1,815,211 0 350,000 (1,465,211) On Target Significantly off target Project due to commence on site November 2023. Dalrymple Place 5,838,627 5,820,488 5,838,627 (0) 1,473 (82,125) 18,139 16,666 On Target Complete Complete - reported underspend in 22/23 offset by overspend in 23/24 Flatt Road 19,934,544 19,620,843 19,934,544 0 302,327 (11,374) 302,327 0 On Target Complete Complete Friars Lawn 2,199,628 1,968,980 2,199,628 0 230,648 0 231,468 820 On Target Complete Complete Fullarton Street (High Flats) 14,481,290 25,935 14,481,290 0 7,436,946 0 100,000 (7,336,946) On Target Significantly off target Demolition project completion deferred to November 2023. New build project due to commence on site July 2024. Garnock Academy Site 12,092,889 602,453 12,092,889 0 11,093,276 7,468 3,500,000 (7,593,276) On Target Significantly off target Project due to commence on site October 2023. Project start date delayed by one year to allow an energy options appraisal to be carried out to inform the heating strategy for the site. Additional design work was required following this decision. Tender due to be returned July 2023. Garrier Court 2,335,551 2,382,239 2,382,239 46,688 0 (0) 0 0 On Target Complete Complete Glebe Place 1,894,952 0 1,894,952 0 1,659,897 0 0 (1,659,897) On Target On Target Project deferred to 2026/27 following refurbishment of the block for Ukraines funded by the Scottish Government. Harbourside 14,622,742 14,068,220 14,622,742 0 854,503 299,981 939,356 84,853 On Target Complete Complete James McFarlane Site 4,784,118 376,551 4,784,118 0 4,407,567 0 500,000 (3,907,567) On Target Significantly off target Project due to commence on site November 2023. James Reid Site 11,896,026 862,603 11,896,026 0 11,033,423 0 2,000,000 (9,033,423) On Target Significantly off target Project due to commence on site November 2023. Project start date delayed by one year to allow an energy options appraisal to be carried out to inform the heating strategy for the site. Additional design work was required following this decision. Kings Arms (113-115 High Street) 2,169,980 307,149 2,169,980 0 1,863,106 275 932,000 (931,106) On Target Significantly off target Project due to commence on site September 2023. Laburnum Ave/Newhouse Dr (Regen 1a&b) 3,274,506 95 3,274,506 0 3,274,411 0 400,000 (2,874,411) On Target Significantly off target Project due to commence on site January 2024. Largs Police Station 2,769,301 2,111,027 2,769,301 0 1,038,675 380,401 1,038,673 (2) On Target On Target Project on-site due to complete August 2023 Montgomerie Park (Both Phases) 46,166,866 4,679,142 46,166,866 0 27,666,119 0 1,500,000 (26,166,119) On Target Significantly off target Project due to commence on site February 2024. Project start date delayed to allow an energy options appraisal to be carried out to inform the heating strategy for the site. Following confirmation of the strategy, further design work was required for the site and internal layouts of the properties. Due to the size of the development a second public consultation event was also required. Regeneration Project 1d 9,965,851 2,750 9,965,851 0 4,779,553 0 0 (4,779,553) On Target Significantly off target Pre Site Regeneration Project 1e 1,658,083 0 1,658,083 0 1,097,853 0 0 (1,097,853) On Target Significantly off target Project due to commence on site June 2024. Springvale 2,852,016 2,743,995 2,852,016 0 0 (2,000) 108,021 108,021 On Target Complete Complete - reported underspend in 22/23 offset by overspend in 23/24 Stanecastle Site 7,768,147 604,509 7,768,147 0 6,843,473 0 750,000 (6,093,473) On Target Significantly off target Project due to commence on site November 2023. Project start date delayed by one year to allow an energy options appraisal to be carried out to inform the heating strategy for the site. Additional design work was required following this decision. St Beya Gardens 3,691,052 3,689,346 3,691,052 0 0 0 1,706 1,706 On Target Complete Complete St Colm's Largs 4,907,987 4,808,504 4,907,987 0 0 (65,376) 12,685 12,685 On Target Complete Complete St Michael's Wynd 13,996,769 14,097,801 13,996,769 (0) 0 (188,682) (101,032) 0 (101,032) On Target Complete Complete - in year credit expected from Scottish Water. Towerlands Primary School 8,579,943 8,461,992 8,579,943 0 3,673 (108,673) 9,279 5,606 On Target Complete Complete Unallocated Regeneration Block 8,304,876 0 8,304,876 0 478,702 0 479,000 298 On Target On Target Nelson Street Regeneration 622,116 0 622,116 0 622,116 0 50,000 (572,116) On Target Significantly off target Pre Site Acquisition Of Land & Buildin 0 (292) 0 0 0 (292) 0 0 On Target On Target House Building - General 1,547,765 0 1,547,765 0 1,547,765 0 1,547,765 0 On Target On Target Acquisition Houses-Open Market 587,980 38,666 254,752 (333,228) 587,980 38,666 254,752 (333,228) 0 On Target On Target Dickson Drive Phase 2 0 0 0 0 0 0 0 0 On Target On Target Harbour Street 0 0 0 0 0 0 0 0 On Target On Target Refurb - Connell Court 0 (30,395) 0 0 0 (30,395) 0 0 On Target On Target Complete Kinnear Road 2,118 0 2,118 0 2,118 0 2,118 0 On Target Complete Complete Contingency 11,000,624 0 11,000,624 0 11,000,624 0 11,000,624 0 On Target On Target Internal Management Charges 1,757,259 235,101 1,757,259 0 1,757,259 235,101 1,757,259 0 On Target On Target SUB TOTAL 293,413,016 100,551,545 293,126,475 (286,541) 141,644,848 870,875 29,490,313 (333,228) (111,970,115) 148,808 HRA Capital Statement 2324 Period 2 CURRENT YEAR 2023/24 DELIVERY STATUS
Page 28
APPENDIX 2 TOTAL PROJECT Project Description Total Project Budget Cumulative Expenditure to date Total Project Forecast Projected Over/ (Under) Spend Total Revised Budget 2023/24 Actual Expenditure to 31 June 2023 Projected Expenditure to 31st March 2024 Virement Request Carry /Brought Forward to /From 2024/25 True Over/ (Under) Spend Delivery Status Financial Delivery Status Physical Narrative £ £ £ £ £ £ £ £ £ HRA Capital Statement 2324 Period 2 CURRENT YEAR 2023/24 DELIVERY STATUS Improvements to existing stock Bathrooms 426,386 0 426,386 0 426,386 0 426,386 0 On Target On Target Bathrooms - Void 770,876 46,561 770,876 0 770,876 46,561 770,876 0 On Target On Target Wet Room - Planned 150,025 0 150,025 0 150,025 0 150,025 0 On Target On Target Wet Room - Void 341,561 7,211 341,561 0 341,561 7,211 341,561 0 On Target On Target Electrical Rewiring 969,075 43,665 969,075 0 969,075 43,665 741,075 (228,000) On Target On Target Anticipated slippage of 76 units due to no access. Tender for new contract due in September. Heating 2,924,745 249,347 2,372,885 (551,860) 2,924,745 249,347 2,372,885 0 (551,860) On Target On Target Additional 32 units completed but scope of works reduced resulting in an anticipated underspend. Tender for new contract due in September. Kitchens 2,646,010 40,005 2,526,347 (119,663) 2,646,010 40,005 1,581,530 (119,663) (944,817) On Target On Target Carry forward from 22/23 to be re-profiled to future years. Kitchens - Void 1,085,091 101,528 1,204,754 119,663 1,085,091 101,528 1,204,754 119,663 0 On Target On Target Roofing 878,404 25,661 1,105,661 227,257 878,404 25,661 1,105,661 227,257 0 On Target On Target Wallfloor rendering 1,006,924 454,216 1,090,726 83,802 1,006,924 454,216 1,090,726 83,802 0 On Target On Target Projected overspend of £84k to be met from underspend in Smoke Detection programme EWI 2,321,052 0 2,369,236 48,184 2,321,052 2,369,236 48,184 0 Projected overspend of £48k to be met from underspend in Smoke Detection programme Window Replacement 541,903 54,368 541,903 0 541,903 54,368 541,903 0 On Target On Target Saltcoats MSF Investment 947,986 204,795 1,281,214 333,228 947,986 204,795 1,281,214 333,228 0 On Target On Target Projected expenditure includes buy-back houses, budget virement requested. Smoke Detector Programme 1,467,917 70,817 1,070,902 (397,015) 1,467,917 70,817 250,000 (397,015) (820,902) On Target On Target Carry forward of £821k to be reprofiled over future years. £397k of underspend vired to meet in year pressures in other budget lines. Energy Efficiency 1,846,610 0 1,552,610 (294,000) 1,846,610 0 1,552,610 (294,000) 0 On Target On Target Budget virement of £294k to support sustainability works within sheltered housing units. Solar Panels 5,012,228 0 5,050,000 37,772 5,012,228 0 5,050,000 37,772 0 On Target On Target Current projected overspend of £38k to be met from underspend in Smoke Detection programme. SUB TOTAL 23,336,793 1,298,174 22,824,161 (512,632) 23,336,793 1,298,174 20,830,442 39,228 (1,993,719) (551,860) Other Capital works Estate Based Regeneration 2,093,064 (103,733) 2,093,064 0 2,093,064 (103,733) 2,093,064 0 On Target On Target Lift Replacement 454,425 0 454,425 0 454,425 0 100,000 (354,425) On Target On Target Slippage on programme . Works now expected to commence Dec/Jan Sheltered Housing Units 12,407,531 19,482 12,701,531 294,000 12,407,531 19,482 4,146,664 294,000 (8,554,867) On Target On Target Significant slippage on a multi year sheltered housing project. A reprofiling exercise over the medium term is to be carried out. High Flats Demolition 2,368,970 247,100 2,368,970 0 2,368,970 247,100 2,368,970 0 On Target On Target Completion anticipated November 2023 Health and Safety Works 207,000 0 0 (207,000) 207,000 0 0 0 (207,000) On Target On Target Carried forward from 2022/23. Not required for 2023/24. Parkhall & Kirkhall Asbestos 17,358 0 0 (17,358) 17,358 0 0 0 (17,358) On Target On Target Carried forward from 2022/23. Not required for 2023/24. Major Improvements 6,000 0 0 (6,000) 6,000 0 0 0 (6,000) On Target On Target Carried forward from 2022/23. Not required for 2023/24. Newhouse Drive (Regen 1b) 5,000 0 0 (5,000) 5,000 0 0 0 (5,000) On Target On Target Carried forward from 2022/23. Not required for 2023/24. Maress House Refurb (12,540) 0 (12,540) 0 (12,540) 0 (12,540) 0 On Target On Target SUB TOTAL 17,546,808 162,849 17,605,450 58,642 17,546,808 162,849 8,696,158 294,000 (8,909,292) (235,358) Total Expenditure 310,959,824 100,714,393 310,731,925 (227,899) 182,528,449 2,331,898 59,016,913 0 (122,873,126) (638,410) Income Affordable Housing Contributn (2,444,930) (2,444,930) CFCR (5,151,045) (5,151,045) Capital Grants (44,979,389) (14,993,130) 29,986,259 Prudential Borrowing (125,888,418) (32,363,141) 92,886,867 638,410 Council HB fund contribution (4,064,667) (4,064,667) SUB TOTAL (182,528,449) 0 (59,016,913) 122,873,126 638,410 Total Project Expenditure 310,959,824 100,714,393 310,731,925 (227,899) 182,528,449 2,331,898 59,016,913 (122,873,126) (638,410) Total Project Income (182,528,449) 0 (59,016,913) 122,873,126 638,410 Total Net Expenditure 0 2,331,898 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
Page 29
Appendix 3 Treasury Management Performance to 30 June 2023 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 reflects the change in profile of the capital programme. Capital expenditure impacts on the revenue budget through financing charges so it is essential the Council ensures the financing costs remain affordable and do not constitute an excessive proportion of the revenue resources available. From a General Fund perspective, the latest Scottish Local Authority average was 5.5%, thereby demonstrating a prudent borrowing policy. For the HRA, the Scottish average was 22.7%. The level of loan charges is deemed prudent and affordable within the framework of the 30 year Housing business plan. 2023/24 2023/24 2023/24 Original Estimate P3 Projection Movement £m £m £m General Services Capital expenditure 115.931 107.016 (8.915) Funded by: Borrowing 68.292 52.195 (16.097) Receipts / Grants 47.639 54.521 6.882 Funded from Revenue - 0.300 0.300 Funded from Reserves - - - Total 115.931 107.016 (8.915) HRA Capital expenditure 172.316 59.017 (113.299) Funded by: Borrowing 115.676 32.363 (83.313) Receipts / Grants 44.979 14.993 (29.986) Funded from Revenue 5.151 5.151 - Funded from Reserves 6.510 6.510 - Total 172.316 59.017 (113.299) Estimates of Capital Expenditure and Income 2023/24 2023/24 2023/24 Original Estimate P3 Projection Movement £m £m £m General Services 355.611 358.275 2.664 HRA 284.275 190.569 (93.706) Sub-total 639.886 548.844 (91.042) Less PPP/NPD long-term liability (87.732) (87.732) - Loans Capital Financing Requirement (CFR) 552.154 461.112 (91.042) Capital Financing Requirement (CFR) 2023/24 2023/24 Original Estimate P3 Projection % % General Services 3.4% 2.8% HRA 27.8% 21.4% Proportion of financing costs to net revenue stream
Page 30
The Council is currently under-borrowed by £89.000m 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. 2023/24 2023/24 2023/24 Original Estimate P3 Projection Movement £m £m £m Gross Debt at 31 March 490.154 372.112 (118.042) CFR 552.154 461.112 (91.042) (Under)/Over Borrowed Position (62.000) (89.000) (27.000) Current Portfolio Position (excluding PPP/NPD) 0 200 400 600 800 1,000 2023 2027 2031 2035 2039 2043 2047 2051 2055 2059 2063 2067 2071 £m Liability Benchmark - North Ayrshire Fixed rate loans LOBO loans 2023/24 2023/24 2023/24 Original Estimate £m P3 Projection £m Movement £m Loans CFR 552.154 461.112 (91.042) Less Balance sheet resources (78.200) (155.300) (77.100) Net loans requirement 473.954 305.812 (168.142) Liquidity allowance 10.000 10.000 - Liability Benchmark 483.954 315.812 (168.142) Liability Benchmark
Page 31
The maturity structure of the debt portfolio at 30 June 2023 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 overall reduction in debt is a result of maturing debt which has not currently required to be replaced to slippage in the capital programme and the use of interna funds in line with the Council’s strategy. 31-Mar-23 31-Jun-23 Maturity Profile of Borrowing (Indicator 10) Actual Actual Movement £m £m £m Under 12 months 43.481 41.949 (1.532) 12 months and within 24 months 2.950 2.950 - 24 months and within 5 years 6.207 9.907 3.700 5 years and within 10 years 21.639 24.439 2.800 10 years and within 20 years 33.177 26.177 (7.000) 20 years and within 30 years 6.225 6.225 - 30 years and within 40 years 106.887 106.887 - 40 years and within 50 years 15.000 15.000 - 50 years and above 10.000 10.000 - Total Borrowing 245.566 243.534 (2.032)