Decision details

Decision details

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

Accompanying Documents: