Housing Revenue Budget Monitoring 2018/19 - Quarter 3
Decision Maker: EXECUTIVE
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
To report the quarter 3 housing revenue account budget monitoring 2018/19 report.
1. That the revenue forecast of a balanced budget with a contribution to HRA Reserves of £6.491M, be noted thus strengthening the Council’s ability to invest and improve its stock of Council Houses.
2. That the capital forecast position indicates a net outturn of £18.42M, representing a positive variance against budget of £25.13M, with proposals for slippage of £6.71M.
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: 04/04/2019
Date of decision: 02/04/2019
Decided at meeting: 02/04/2019 - EXECUTIVE
Effective from: 12/04/2019