Decision details

Decision details

June 2015 (Q1) Housing Revenue Account Budget Monitoring Revenue and Capital Report

Decision Maker: EXECUTIVE

Decision status: For Determination

Is Key decision?: No

Is subject to call in?: No

Purpose:

The report provides information on the 2015/16 Housing Revenue Account (HRA) projected outturn revenue and capital position as at June 2015.

Decision:

1.      That the Revenue forecast position which is to achieve a balanced budget with a contribution to Housing Revenue Account Reserves of £6.245M, thus strengthening the Council’s ability to invest and improve its stock of Council Houses, be noted.

2.      That the Capital forecast position of an indicative outturn underspend in the current year of £2.800 relating to the Croft Green Development, be noted.

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

Report author: Nick Murley

Publication date: 06/08/2015

Date of decision: 04/08/2015

Decided at meeting: 04/08/2015 - EXECUTIVE

Accompanying Documents: