Decision details
December 2015 Quarter 3 Housing Revenue Account Budget Monitoring
Decision Maker: EXECUTIVE
Decision status: Recommend Forward to Council
Is Key decision?: No
Is subject to call in?: Yes
Purpose:
The report provides information on the 2015/16 Housing Revenue Account (HRA) projected outturn revenue and capital position as at December 2015.
Decision:
1. That the revenue forecast position to achieve a balanced budget with a contribution to Housing Revenue Account Reserves of £6.067m, 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 a net outturn of £1.525m below budget relating predominantly to the deferred timing on the Croft Green Development, be noted.
3. That Right to Buy sales will be monitored for the possible impact on predicted surpluses in the medium to longer term.
Report author: Denis Galvin
Publication date: 11/02/2016
Date of decision: 09/02/2016
Decided at meeting: 09/02/2016 - EXECUTIVE
Effective from: 19/02/2016
Accompanying Documents: