Decision Maker: Cabinet
Decision status: Recommmend Forward to Council
Is Key decision?: Yes
Is subject to call in?: No
To receive the HRA Outturn for the financial year 2018/19.
(a) Acknowledged the 2018/2019 revenue outturn position and the net underspend in the year of £2.042 million, and the explanations provided for the variances compared to the approved 2018/2019 revenue budget;
(b) Acknowledged the consequent increase in the Housing Revenue Account balance as at 31 March 2019 of £1.051million to £11.148 million;
(c) Recommended to Council the Housing Revenue Account Revenue Budget Carry Forwards in the sum of £0.739 million, identified at Appendix A;
(d) In relation to the Capital Programme:
(i) Noted the 2018/2019 capital budget outturn of £15,625 million;
(ii) Recommended to Council the carry forwards of £1.124 million in relation to HRA capital projects due mainly to slippage.
(iii) Noted that a full review of the Capital Programme will be submitted to Cabinet at its November 2019 meeting to include re-phasing of the existing programme and new Capital bids for the next budget cycle.
Report author: Trevor Roff
Publication date: 02/10/2019
Date of decision: 02/10/2019
Decided at meeting: 02/10/2019 - Cabinet