To receive the quarter 2 budget monitoring reports for the Revenue, Capital and Housing Revenue Account.

1.      That the revenue forecast position to achieve a balanced budget with a contribution to Housing Revenue Account Reserves of £7.345m be noted, thus strengthening the Council’s ability to invest and improve its stock of homes.

2.      That the capital forecast position of an outturn of £16.767m, an underspend of £1.353m, which includes deferred works from 2013/14 relating to Priory View of £2.503m, be noted.

3.      That Right to Buy sales be monitored for the possible impact on predicted surpluses in the medium to longer term.