£7M LEFT UNSPENT IN COUNCIL'S COFFERS

© South Wales Evening Post - 30 August 2005

A total of £7 million was left in Swansea Council coffers last year. The lump sum was left in the authority's capital programme, its budget for major schemes and projects.

It pays for major building work on things like new leisure centres and new roads.

The council says the cash was left over from a number of schemes.

A spokesman said that some projects didn't use all the cash allocated to them, including work on the waterfront link in Princess Way, sports schemes at various schools financed from the New Opportunities Fund, school schemes from school improvement grant, infrastructure at Swansea Vale and transport and environment schemes funded by specific grants.

The spokesman said: "There were a number of programmes which were affected.

"Many capital grant schemes are often not confirmed until after the start of the financial year, it's not always possible to achieve the whole of the expenditure within the financial year.

"Arrangements, however, can be made for a carry over provision from one year to the next to deal with such issues and ensure the programme is completed.

"The cash is now part of the council's budget for the next three years.

The authority expects to spend around £77 million during that period.

It will pay for things like the £25 million refurbishment of Swansea Leisure Centre and the £6 million plans to relocate the central library from Alexandra Road to County Hall.