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Waverley Borough Council Committee System - Committee Document

Meeting of the Executive held on 07/02/2005
Financial Strategy 2005/06 - 2007/08 : Budget Strategy 2005/06 : Draft General Fund Capital Programme 2005/06



Summary & Purpose
The purpose of this report is to agree the final recommendation to Council regarding the General Fund Capital Programme for 2005/2006. The report contains any observations from the Overview and Scrutiny Committees.

Quality of Life Implications
Natural Resource Use
Pollution Prevention and Control
Biodiversity and Nature
Local Environment
Social Inclusion
Safe Communities
Local Economy
Natural
Resource Use
Pollution
Prevention and Control
Biodiversity
and Nature
Local
Environment
Social
Inclusion
Safe, Healthy
and Active
Communities
Local
Economy
Positive
Positive
Positive
Positive
Positive
Positive
Positive


APPENDIX C.1

WAVERLEY BOROUGH COUNCIL

EXECUTIVE – 7TH FEBRUARY 2005

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Title:

FINANCIAL STRATEGY 2005/2006 – 2007/2008

BUDGET STRATEGY 2005/6

DRAFT GENERAL FUND CAPITAL PROGRAMME 2005/2006

[Wards Affected: All]
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Summary and Purpose

The purpose of this report is to agree the final recommendation to Council regarding the General Fund Capital Programme for 2005/2006. The report contains any observations from the Overview and Scrutiny Committees.

Quality of life implications – social, environmental & economic (sustainable development):

E-Government implications:

The draft Capital Programme contains provision to enable the delivery of Waverley’s E-Government Strategy.

Resource and legal implications:

Certain proposed schemes will enable the Council to fulfil its legal obligations; these include Disability Discrimination Act works, inspection and works to dangerous trees, and cemetery headstone stability. Resource implications are contained throughout the report.

Introduction

1. Proposals for the 2005/2006 – 2007/2008 Capital Programme were presented to the Executive on 7th December 2004. These proposals totalled some 3.9m in 2005/2006 compared with the guideline of 2.7m contained within the Financial Strategy. Therefore, the Executive requested the Officers to advise its meeting on 11th January which priority schemes should be programmed for 2005/2006 in the light of the resources that were likely to be available.

Observations from Overview and Scrutiny Committees

2. The following observations are those of the Overview and Scrutiny Committees:
3. The Committee wished to emphasise the sensitivity of the appropriate timing of the Weyhill Car Park scheme for the reasons referred to in the Financial Appraisal at Annexe 3.
4. The Committee had no particular observations to make to the Executive.

Environment and Leisure

5. The Committee wished to emphasise that the Quality Bus Partnership should receive any additional funding should it become available. Funding for bus shelters should be considered as a priority.

Draft 2005/2006 Capital Programme

6. The proposed draft Capital Programme is attached at Annexe 1.

7. The Active Communities Project attracts substantial external funding and the Executive therefore suggested that it should be treated as a Partnership Funding Scheme. The draft Programme takes account of this.

8. The report at Appendix O of this Agenda details the action being taken to manage the risk of Legionella in the Council’s Sports and Leisure Buildings. The Budgetary effect of this report has been to delete the provision within the draft Capital Programme and include a provision within the draft Revenue Estimates.

Information Technology Programme

9. Waverley has been awarded grants of 200,000 in 2002/2003 and 2003/2004 and 350,000 in 2004/2005 to facilitate the implementation of the Implementing Electronic Government (IEG) initiative. However, the maximum grant available for 2005/2006 will be 150,000. In view of this it is considered that only 450,000 can be afforded for 2005/2006. Waverley’s IEG group has prioritised within this resource level and the reduced Programme, which is in accordance with Waverley’s IEG Statement, is detailed at Annexe1.

10. Spending the 150,000 on IEG schemes is dependent on formally receiving a grant offer from the Government. This will be conditional on the ODPM being satisfied with the Council’s IEG 4 return submitted in December. Officers are liaising with the ODPM and their agents, the IDeA to progress the matter. Until government grant is forthcoming, 150,000 of schemes will not be progressed.

Weyhill Car Park

11. The draft Programme contains a sum of 450,000 to cover the Weyhill Car Park scheme. The Executive requested officers to make a business case for financing this scheme by prudential borrowing and this appraisal is contained at Annexe 3. This shows the scheme to be suited to prudential borrowing, and the Executive has agreed this in principle.

Three-Year Capital Programme

12. The proposals for 2006/2007 and 2007/2008 are still considerably in excess of resources currently allocated within Waverley’s Financial Strategy. However, there is scope for additional resources to become available in future years, although there are likely to be further competing demands on these including the possible need to finance an affordable homes programme. Partnership-Funding

13. The Executive has requested that the Capital Programme should continue to include an overall annual provision of 300,000 for Partnership-Funding schemes. However, it is noted that the continuation of this scheme beyond 2006/2007 is dependant upon additional resources becoming available.

Conclusion

14. The draft Capital Programme at Annexe 1 is in line with the resource figure identified at Annexe 2. This resource figure is based on the Financial Strategy, with additional use of the Revenue Reserve Fund to reflect the high level of grants to the Farnham Maltings and Broadwater School Dual-use Sports Hall in the year. The Programme includes several schemes that are necessary to comply with new legislation and initiatives. Although the Programme now recommended for approval has been reduced from the initial draft Programme, it nevertheless represents an increase of some 700,000 (up 25%) from the original 2004/2005 Programme.

Recommendation

It is recommended that the Executive recommend that Council:

1. approves the 2004/5 General Fund Capital Programme as shown at Annexe 1; 2. agrees that the Weyhill Car Park project be financed by prudential borrowing;

3. agrees the financing proposals in accordance at Annexe 2; and
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Background Papers (DoF)

Waverley’s Implementing Electronic Government Statement.

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Contact Officer: Brian Long Telephone: 01483 523253

E-mail: blong@waverley.gov.uk

comms/exec/04-05/416