High Level Revenue and Capital Budget Monitoring Report 2012 ...

Decent Neighbourhoods Programme5.3 Table 4 summarises the 2012/13 Decent Neighbourhoods capital programme forquarter 2 with details shown in appendix 3. The programme objectives are theregeneration of housing estates and the creation of sustainable communities.Specific housing capital receipts such as expensive dwelling voids and HRA shopsare earmarked to fund this capital programme.LineTable 4 - Decent Neighbourhoods ProgrammeDecent NeighbourhoodsSummary2012/13Quarter 2RevisedBudget2013/14Budget2014/15Budget2015/16Budget£m £m £m £m1 Forecast expenditure budget 12.6 16.3 2.9 2.9 A2 Net total resources (28.0) (29.4) (18.1) (18.2) I3(1+2)Annual (surplus)/deficit(approved schemes only)4 Schemes under consideration:Forecast expenditureAppx3 Ref(15.4) (13.1) (15.2) (15.3) J2.4 12.9 19.8 15.6 K5 (3+4) Annual (Surplus)/deficit (13.0) (0.2) 4.6 0.3 L6 Balance brought forward (5.1) (18.1) (18.3) (13.7) B7 (5+6) Cumulative Total (Surplus)/deficit (18.1) (18.3) (13.7) (13.4) M5.4 The quarter 2 revised expenditure budget for approved schemes is £12.6m(compared with quarter 1 at £6.1m, and original budget of £13m). There is anoverall forecast cumulative surplus in resources of £13.4m by 2015/16.General Fund Programme5.5 The annual surplus in capital receipts for 2012/13 is forecast to be £3.1m. Thecumulative surplus in capital receipts by 2015/16 is now forecast to be £26.6m. Itis anticipated, in accordance with the Council’s debt reduction strategy, that thissurplus will be set aside to repay debt.5.6 The quarter 2 position is summarised in table 5, with details in appendices 3, 4 and5.