Issue - meetings

Issue - meetings

Housing Revenue Account Budget Monitoring Report - Quarter 1

Meeting: 07/08/2018 - EXECUTIVE (Item 37)

37 Housing Revenue Account Budget Monitoring Report - Quarter 1 pdf icon PDF 54 KB

 

To receive the 2018/19 quarter 1 housing revenue account budget monitoring report.

Additional documents:

Decision:

1.      That the revenue forecast of a balanced budget with a contribution to HRA Reserves of £6.493M, be noted thus strengthening the Council’s ability to invest and improve its stock of Council Houses.

2.      To note that the capital forecast position indicates a net outturn on budget of £25.130M.

3.      That Right to Buy (RtB) 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 Deputy Leader and Executive Member for Corporate Resources that set out the Housing Revenue Account projected revenue and capital outturn position for Quarter 1 in 2018/19. 

 

Reason for decision:  To maintain rigour and transparency through the Executive’s regular monitoring of the revenue budget.

 

RESOLVED

 

1.      that the revenue forecast of a balanced budget with a contribution to HRA Reserves of £6.493M, be noted thus strengthening the Council’s ability to invest and improve its stock of Council Houses;

 

2.      to note that the capital forecast position indicates a net outturn on budget of £25.130M; and

 

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

 

The decision is unanimous.