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Hampshire County Council Appendix 1

Capital Strategy - Core Data

1 Revenue budget 2003/04

	£m

Gross revenue budget	1,293
Net budget after income and specific grants	1,026

2 Assets values - by type of asset

	Value
	£m
Operational assets
Council dwellings	-
Other land and buildings	1,838
Vehicles, plant and equipment	40
Infrastructure assets	215
Community assets	9
Non-operational assets	64
Work in progress	54
	--------
Net book value at 31 March 2003	2,220
	--------

3 Assets - by service

	Number	Gross Floor	Value
		Area (GIA)	31 Mar 2003
		sq m	£m
Operational assets
Schools	547	1,244,000	1,539
Libraries	69	35,000	43
Residential homes and day centres	89	88,000	89
Offices and administrative buildings	63	90,000	36
Museums and art galleries	26	28,000	31
Other land and buildings	29	2,000	100
Vehicles, plants and equipment	-	-	40
Infrastructure - roads and bridges	-	-	215
Community assets - parks etc	37	36,000	9
Non-operational assets	57	73,000	62
Work in progress	-	-	54
	-------------	-------------	--------
Totals	917	1,596,000	2,218
	-------------	-------------	--------

4 Maintenance liabilities - land and buildings



	Total	Priority levels
	Cost	1	2	3	4
		Urgent	Essential	Desirable	Long-term
		to prevent	within	in	beyond
		closure	2 years	3-5 years	5 years
	£m	£m	£m	£m	£m

Education	250	-	50	124	76
Libraries	7	-	3	4	-
Social services	15	-	5	9	1
Offices	17	-	6	9	2
Other services	21	-	7	12	2
	----------	----------	----------	----------	----------
Total	310	-	71	158	81
	----------	----------	----------	----------	----------

Maintenance liabilities - roads and bridges



	£m

Principal and non-principal roads	75	see note below

This estimate is based on visual assessments and the results of deflectograph surveys. It will be reviewed when the new Pavement Management System (UKPMS) is fully commissioned and a comprehensive Coarse Visual Inspection has been undertaken. Initial data from UKPMS results suggest that £75m is an understatement and that the figure may be as much as £200m.

5 Capital programme

5.1 The County Council's four-year capital programme for 2003/04 to 2006/07 is summarised on the following page. Full details of the programme are published in the Council's Budget Book for 2003/04. The estimated capital payments on the programme and on schemes already in progress are also shown together with details of how the County Council expects to finance them. The minor shortfall of resources in 2004/05 will be addressed when the capital programme is reviewed later in 2003.

5.2 The Government's current spending plans SR2002 cover the period to 2005/06 only and so the Council's programmes for 2006/07 is currently set at a minimum level. It is likely to increase when the Government's detailed SR2004 spending plans are announced in 2004.


Capital programme - value of schemes starting 2003/04 to 2006/07

	2003/04	2004/05	2005/06	2006/07
	£m	£m	£m	£m

Schools	63.0	36.8	31.2	4.1
Local transport *	36.1	156.0	32.3	61.8
Libraries, museums, arts, countryside, sport etc	2.1	1.3	0.8	0.8
Social services #	1.2	1.2	1.2	0.7
Capital repairs of buildings funded from the
County Council's own resources	14.3	13.6	13.6	13.6
Regeneration of older urban areas, household
waste recycling centres, magistrates' courts
and other schemes	4.8	4.2	4.2	4.2
Not yet allocated	-	-	2.0	2.0
	----------	----------	----------	----------
Total starts programme	121.5	213.1	85.3	87.2
	----------	----------	----------	----------

* includes the South Hampshire Rapid Transit scheme which is expected to involve both conventional and Private Finance Initiative funding
# the scheme to provide additional nursing care beds will be added to the capital programme

Capital payments and financing
	2003/04	2004/05	2005/06	2006/07
	£m	£m	£m	£m

Payments on the starts programmes for 2003/04
to 2006/07 and works in progress	140.2	144.6	150.0	128.9
	----------	----------	----------	----------

Financed by:
Loans	51.6	47.8	42.8	44.3
Capital receipts, including in/out disposals	11.2	4.7	6.2	6.2
Grants and contributions	41.9	59.7	74.4	52.2
Contributions from revenue and reserves	35.5	32.2	26.6	26.2
Resources still to be identified	-	0.2	-	-
	----------	----------	----------	----------
Total financing	140.2	144.6	150.0	128.9
	----------	----------	----------	----------

6 Unsupported borrowing

6.1 The Government plans to introduce a new prudential capital control system that will allow local authorities to raise additional loans for capital purposes, unsupported by Government grant. Provided the unsupported borrowing is a last resort after other available funding sources and there is a strong business case, the County Council has agreed to use unsupported borrowing for the South Hampshire Rapid Transit scheme and the provision of additional nursing care beds, subject to the costs being contained within revenue cash limits.

6.2 Other uses of unsupported borrowing may include invest-to-save projects that generate ongoing savings to cover the additional costs of borrowing, and in/out projects for which investment in the replacement asset is required in advance of the capital receipt.

7 Hampshire - profile

7.1 Hampshire is a large county of 368,000 hectares with a mixture of significant urban and extensive rural areas. Although less than 10% of the county is urban, 87% of the population lives in urban areas.

7.2 Hampshire's population of 1,240,800 (mid 2001) ranks as the third largest for shire counties in England. The age-profile is similar to the national average.

7.3 Between 2001 and 2011, the population is forecast to grow by 3.5% to 6.2%, depending on the rate at which new households are formed. This growth will be higher for age groups over 45 with, for example, growth of over 20% expected in the over-85 age group. Household growth is projected by Central Government to be faster than in the other large counties. The number of households in Hampshire is forecast to increase by 9.6% between 2001 and 2011.

7.4 Further details of Hampshire can be found in "A Profile of Hampshire" published by the County Council in December 2001 and available from the address at the foot of the page.

Footnote [note: these links will be updated following the Cabinet meeting]

¹ Links to the documents mentioned in the Capital Strategy and corporate AMP can be found on the County Council's Capital Strategy website at: http://www.hants.gov.uk/TC/capitalstrategy/contents.html

For further information, please write to Ian Howell, County Treasurer's Department, Hampshire County Council, The Castle, Winchester, Hampshire SO23 8UB, or send an e-mail to [email protected]

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