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 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.