Issue - meetings

Issue - meetings

Revenue, Capital and Housing Revenue Account (HRA) Quarter 1 Budget Monitor Reports

Meeting: 24/09/2013 - EXECUTIVE (Item 48)

48 2013 Quarter 1 Revenue Budget Monitoring Report pdf icon PDF 114 KB

 

The report provides information on the projected outturn for 2013/14 as at Quarter 1.

Additional documents:

Decision:

1.      That the Revenue forecast position is noted as a projected overspend of £2.1M.

2.      That officers continue with their efforts to achieve a minimum balanced outturn or an underspend.

 

Minutes:

 

The Executive considered a report from the Deputy Leader and Executive Member for Corporate Resources that provided information on the projected outturn for 2013/14 as at the end of June 2013.  The current 2013/14 forecast outturn was anticipated to be an estimated £2.1m overspend.  However, the budget included £2.1m of contingency costs which could potentially fully offset the forecast overspend. 

 

Reason for decision:  To facilitate effective financial management and planning.

 

RESOLVED

 

1.      that the Revenue forecast position is noted as a projected overspend of £2.1M;

 

2.      that officers continue with their efforts to achieve a minimum balanced outturn or an underspend.

 

 


Meeting: 24/09/2013 - EXECUTIVE (Item 50)

50 Quarter 1, June 2013/14 Housing Revenue Account Revenue and Capital Budget Monitoring Report pdf icon PDF 87 KB

 

The report provides information on the 2013/14 Housing Revenue Account revenue and capital position as at Quarter 1, June 2013.

Additional documents:

Decision:

1.      The Revenue forecast position of a balanced budget with a contribution to Housing Revenue Account Reserves of £6.661m be noted, thus strengthening the Council’s ability to invest and improve its stock of Council Houses.

2.      The Capital forecast position indicating expenditure will be £1.291m less than the budget, be noted.  This is due to lower than anticipated expenditure on the Dukeminster project.

3.      That Right to Buy sales will be monitored for the possible impact on predicted surpluses in the medium to longer term.

Minutes:

 

The Executive considered a report from the Executive Member for Social Care, Health and Housing and the Deputy Leader and Executive Member for Corporate Resources that provided information on the 2013/14 Housing Revenue Account revenue and capital position as at Quarter 1, June 2013.  The report projected a year end surplus of £6.661m compared to a budgeted surplus of £4.805m, an improvement of £1.856m.  It was predicted that £3.200m would be set aside for the Dukeminster Extra Care facility with the balance of £0.925m being rolled forward into 2014/15.

 

In response to a question, the Executive Member for Social Care, Health and Housing confirmed that rent arrears were being monitored very carefully since the introduction of Welfare Reform.  The Council had set aside £200,000 from the Housing Revenue Account to help with supporting debt management.  If residents needed advice this could be sought from Housing Officers or the Citizens Advice Bureau. 

 

Reason for decision:  To enable the Council’s financial position to be noted.

 

RESOLVED

 

 

1.      the Revenue forecast position of a balanced budget with a contribution to Housing Revenue Account Reserves of £6.661m be noted, thus strengthening the Council’s ability to invest and improve its stock of Council Houses;

 

2.      the Capital forecast position indicating that expenditure would be £1.291m less than the budget, be noted.  This was due to lower than anticipated expenditure on the Dukeminster project; and

 

3.      that Right to Buy sales would be monitored for the possible impact on predicted surpluses in the medium to longer term.

 

 


Meeting: 24/09/2013 - EXECUTIVE (Item 49)

49 2013 Quarter 1 Capital Budget Monitoring Report pdf icon PDF 97 KB

 

The report provides information on the projected Capital outturn position as at June 2013. 

Additional documents:

Decision:

1.      To note that the projected outturn position is a gross underspend of £1.5m.

2.      To defer expenditure of £5.4m to 2014/15.

3.      To request officers to continue with their efforts to maximise the use of capital resources.

 

Minutes:

 

The Executive considered a report from the Deputy Leader and Executive Member for Corporate Resources that provided information on the projected capital outturn position as at June 2013.  The capital budget for 2013/14 was £94.4m and the gross forecast was to spend £87.5m by the year end.

 

Reason for decision:  To complete schemes currently underway and facilitate effective financial management and planning.

 

RESOLVED

 

1.      to note that the projected outturn position is a gross underspend of £1.5m;

 

2.      to defer expenditure of £5.4m to 2014/15; and

 

3.      to request officers to continue with their efforts to maximise the use of capital resources.