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 provides information on the 2017/18 Housing Revenue Account (HRA) projected outturn revenue and capital position as at June 2017.
1. That the Revenue forecast position to achieve a balanced budget with a contribution to HRA Reserves of £6.020M, thus strengthening the Council’s ability to invest and improve its stock of Council Houses, be approved.
2. That the Capital forecast of a net outturn of £12.654M, against a budget of £14.342M, be approved. £1.688M of future investment works be deferred to 2018/19.
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: 12/10/2017
Date of decision: 10/10/2017
Decided at meeting: 10/10/2017 - EXECUTIVE
Effective from: 20/10/2017