Cost of 'The Village' project
Case reference FOI2019/00421
Published 25 July 2019
Request
In relation to "The Village" project on Commercial Road in Guildford town centre, can you please provide the following information:
(1) The total capital costs outlaid by Guildford Borough Council on this project since inception;
(2) The total operating costs outlaid by Guildford Borough Council on this project since inception;
(3) The total rental income received by Guildford Borough Council on this project since inception;
(4) The total number of days on which The Village was open for business.
Response
The Village was open for 204 days
Approved Capital Scheme Budget: £795,000
Capital Receipt: £134,000
Net Capital Scheme Cost: £661,000
Narrative: Expenditure includes containers, groundwork and infrastructure, salaries, consultancy costs and site relaunch. The capital receipt relates to disposal proceeds from the containers.
Revenue Budget
Total Revenue Budget: £327,312
Actual expenditure: £465,531
Narrative: Expenditure relating to event costs, business rates, utilities, staff costs, marketing and telecoms.
Please open the link to the Council report below for further details (the section relating to The Village is on the final page):
http://www2.guildford.gov.uk/councilmeetings/documents/s10117/Item%2007%202%20-%20Financial%20Monitoring%20Report%20-%20App%202%20-%20general%20fund%20services%20revenue%20detail.pdf
Documents
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