June Quarter 1 Housing Revenue Account Budget Monitoring
Decision Maker: EXECUTIVE
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
The report sets out the financial position for 2016/17 as at the end of June 2016.
1. To note that the revenue forecast position is to achieve a balanced budget with a contribution to HRA Reserves of £5.346M, thus strengthening the Council’s ability to invest and improve its stock of Council Houses.
2. To note that the capital budget is £15.589M (including £4.280M deferred from 2015/16) and that the forecast position indicates a new outturn of £12.250M, below budget by £3.399M. It is proposed that this £3.339M of future investment works are deferred to 2017/18.
3. To note that Right to Buy (RtB) sales will be monitored for the possible impact on predicted surpluses in the medium to longer term.
Report author: Denis Galvin
Publication date: 13/10/2016
Date of decision: 11/10/2016
Decided at meeting: 11/10/2016 - EXECUTIVE
Effective from: 21/10/2016