AGENDA ITEM NO. 4

EXECUTIVE BOARD
16TH SEPTEMBER, 2013

CAPITAL PROGRAMME 2013-14 UPDATE
To report the variances within the capital programme

RECOMMENDATIONS / KEY DECISIONS REQUIRED:

That the variances in the capital programme as outlined within the report are noted.

REASONS:

To update the capital programme to include the variances as outlined within the report.

Relevant scrutiny committees to be consulted
N/A

Exec Board Decision Required YES
Council Decision Required NO

Directorate
Name of Head of Service:
Chris Moore
Report Author:
Chris Moore

Designation:
Head of Financial Services

Tel No.
01267 224160
E Mail Address:
cmoore@carmarthenshire.gov.uk

EXECUTIVE SUMMARY
EXECUTIVE BOARD
16/09/13

CAPITAL PROGRAMME 2013/14 UPDATE

Purpose: To report the variances within the capital programme

This report provides members with an update on the Capital programme spend against budget for 2013/14 as at the 30th June 2013.

MAIN VARIANCES

Public Sector Housing
There is a forecast variance of +321k in the Public Sector Housing budget for 2013/14. Additional income of -200k has been received and there are increased costs for the Bungalow development +511k.

Private Sector Housing
The report shows a variance of -36k due to additional income being received during the year to date.

Regeneration
The Regeneration capital programme shows a variance of -311k due to a delay in the purchase of land for the Cross Hands Strategic site project.

Leisure
The capital programme for Leisure is currently forecast to be within budget for the year.

Technical Services
No Variances

Social Care
Carmarthen Extra Care, -2,788k under spend due to external funding being utilised initially.

Education and Children Services
No Variances

Resources and Chief Executive
No Variances

DETAILED REPORT ATTACHED ?

YES

IMPLICATIONS

I confirm that other than those implications which have been agreed with the appropriate Directors / Heads of Service and are referred to in detail below, there are no other implications associated with this report :

Signed: C. Moore Head of Financial Services

Policy, Crime & Disorder and Equalities

Legal

Finance

ICT

Risk Management Issues

Staffing Implications

Physical Assets

NONE

NONE

YES

NONE

NONE

NONE

YES

Finance
The capital programme shows a forecasted under spend of -2,813k.

Physical Assets
The capital programme will have an impact on the physical assets of the Authority.

CONSULTATIONS

I confirm that the appropriate consultations have taken in place and the outcomes are as detailed below

Signed: Chris Moore Head of Financial Services

1. Scrutiny Committee
Relevant Scrutiny Committees will be consulted.
2.Local Member(s) N/A
3.Community / Town Council N/A
4.Relevant Partners N/A
5.Staff Side Representatives and other Organisations N/A

Section 100D Local Government Act, 1972 – Access to Information
List of Background Papers used in the preparation of this report:

THERE ARE NONE

Title of Document

File Ref No.

Locations that the papers are available for public inspection

2012-13 Capital Programme

 

Resources Dept, County Hall, Carmarthen