Issue - meetings

Issue - meetings

Housing Revenue Budget Monitoring 2018/19 - Quarter 3

Meeting: 02/04/2019 - EXECUTIVE (Item 140)

140 Housing Revenue Budget Monitoring 2018/19 - Quarter 3 pdf icon PDF 54 KB

 

To report the quarter 3 housing revenue account budget monitoring 2018/19.

Additional documents:

Decision:

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.

Minutes:

 

The Executive considered a report from the Deputy Leader and Executive Member for Corporate Resources that set out the Housing Revenue Account projected outturn revenue and capital position as at December 2018.

 

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

 

RESOLVED

 

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; and

 

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