Decision details
September 2015 Quarter 2 Housing Revenue Account Budget Monitoring
Decision Maker: EXECUTIVE
Decision status: Recommendations Approved
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 September 2015.
Decision:
1. That the revenue forecast position to achieve a balanced budget with a contribution to HRA Reserves of £6.194m, thus strengthening the Council’s ability to invest and improve its stock of Council houses be noted.
2. That the Capital forecast position which indicates an outturn underspend of £2.625m relating to the Croft Green Development be noted.
3. That Right to Buy (RtB) sales be monitored for the possible impact on predicted surpluses in the medium to longer term.
Report author: Denis Galvin
Publication date: 04/12/2015
Date of decision: 01/12/2015
Decided at meeting: 01/12/2015 - EXECUTIVE
Accompanying Documents: