Telephone: 01606 593582

Your Winsford

Budget

Budget 2012/13 

 

 

 

WINSFORD TOWN COUNCIL

CAPITAL BUDGET 2010/11

 

           2011/12 SUMMARY

 

1.         Capital Projects Fund

 

Date

Income

Income notes

Expenditure

Expenditure notes

Balance

 

£

 

£

 

£

01.04.10

    3.54

 Interest

 

 

        7,745.37   

16.09.10

         3.54

 6,500.00

Transfer to  current a/c

        1,245.37

01.10.10

    2.00

Interest (est)

 

 

        1,247.37

31.03.11 (estimate)

 

 

 

 

        

        1,247.37

 

 

 

2.         Invested Capital     

  

From the sale of land at Dene Drive, Winsford, the sum of £400,000 was invested on behalf of the Town Council in April 2006 by Vale Royal Borough Council. This money can be spent on Capital Projects within Winsford. As at 1st April 2010, the balance was £330,000. During 2010/11, £13,000 was utilised for CCTV cameras at the Over and Wharton Recreation Grounds; a £20,000 contribution was made to athletics facilities at the Knights Grange Sports Complex; and £20,000 was utilised towards the Stanthorne Play Area improvement scheme. In June 2010, the Council decided to invest £250,000 in a Nat West 12 month fixed rate bond. The current balance on the invested capital is therefore £27,000.

 

3.         Fixed rate Bond

 

In July 2010 £250,000 was transferred from the Invested Capital into a 12 month fixed rate bond at 2% gross, with Nat West Bank. The bond will mature on 15th August 2011 and therefore these capital funds will not be available until that date.

                                                               

 

4.         Capital programme Review 2010/11

 

The Council’s draft Capital programme for 2010/11 totalled £77,000. The schemes which made up the programme were:-

 

 

  • Knights Grange – contribution to athletics facilities       £20,000
  • Stanthorne Play Area Improvement                                 £15,000
  • Leaf Lane Play Area Improvement                                  £15,000
  • Over and Wharton Recs. – Security Cameras               £15,000
  • Allotments – toilet facilities                                                £  5,000
  • Rilshaw Meadows – carpark resurfacing                        £  7,000                                             

 

Total                                                                                   £77,000

 

The following schemes were completed in 2010/11

 

  • Knights Grange – contribution to athletics facilities        £20,000
  • Stanthorne Play Area Improvement                                  £15,000
  • Over and Wharton Recs. – Security Cameras                £15,000
  • Rilshaw Meadows – carpark resurfacing                         £  7,000

 

            Total                                                                                    £57,000

 

NOTES:

 

  1. In October 2010 the Council agreed a scheme for the Leaf Lane Play Area which subject to WREN grant approval will be undertaken in mid-2011.

   2.   In October 2010 the Council agreed in principle to release the £5,000 capital provision for a Kazubaloo  

         eco toliet at the Over Allotments

 

                                                                                                                                            

 

 

PROGRAMME 2011/12

 

Available Capital Funding:

                                                                                                                                                                   

  Invested Capital                                                                                                                                 27,000.00

  Projected interest on invested capital                                                                                                     50.00

  Nat West Bond                                                                                                                                 250,000.00

  Capital Projects Fund                                                                                                                          7,745.00

 

 

TOTAL AVAILABLE CAPITAL FUNDS 2011/12                                                                       282,297.00

 

Given the changes in circumstances since the original capital ‘wish list’ was drawn up in June 2006, a revised draft capital programme for 2010/11, is detailed below. The schemes marked with an asterisk * have been agreed in principle by the Council:-                                            

 

SCHEME

ESTIMATED COST

COMMENT

 

               £

 

*Leaf Lane Play area

 scheme		 15,000 This was included in the 2010/11 programme. A preferred contractor has been approved. Subject to WREN funding being forthcoming, the scheme should be completed in summer 2011.
*Toilet facilities at Over Allotments 5,000

 In October 2010 the Council agreed in principle to release the £5,000 capital provision for a Kazubaloo eco-toilet at the Over Allotment site

*King George Vl Play Area improvement 15,000

 

This play area is next on the priority list for improvement, as agreed in principle in October 2007.

 

Wharton Recreation Ground – Toddlers play area 10,000 The toddlers play area at Over Rec. has proved hugely popular. Members may feel that a similar facility at Wharton Rec. should be provided in advance of the planned upgrade of the Recreation Ground in a few years time. The budget provision does not take into account the possibility of grant aid.
Bowling Green scarifier    3,000

 Each year, the Council hires a scarifier to deter and remove weeds and dead grass fibres; and break up the hard top surface of the 4 bowling greens at the Over and Wharton Recs. A powered scarifier would be used throughout the season and help produce even better bowling green surfaces                                                                

Additional allotment land

 10,000

 

 The Council is committed to seeking additional land for allotment purposes.
TOTAL DRAFT CAPITAL PROGRAMME OPTIONS 2011/12

 

  58,000   

 

 

 

 

Available Capital Funds @ 1.04.11                                282,297.00

Draft Capital programme  2011/12                                    58,000.00

 

 

NOTE: This programme is effectively a ‘wish list’. Every scheme will be subject to prior discussion and approval by the Town Council

 

 

For details of our revenue budget please follow the link below:-

 

 

/images/BUDGET 2011.12 WITHOUT GRANTS.doc