Decision Maker: Cabinet
Decision status: For Determination
Is Key decision?: No
Is subject to call in?: Yes
(a) Noted the 2019/2020 revenue outturn position and the net underspend in the year of £2.001 million, and the explanations provided for the variances compared to the approved 2019/2020 revenue budget;
(b) Noted the overall reduction in the Housing Revenue Account balance as at 31 March 2020 to £5.358 million;
(c) Recommended to Full Council the Housing Revenue Account Revenue Budget Carry Forwards in the sum of £0.020 million, in relation to tenant participation;
(d) In relation to the Capital Programme:
(i) Noted the 2019/2020 capital budget outturn of £22,647 million;
(ii) Recommended to Full Council the carry forwards to 2020/21 of £1.611 million in relation to HRA Housing improvements due mainly to slippage.
(iii) Recommended to Council the bringing forward of £1.530 million from 2020/21 in relation to HRA housebuilding during 2019/20, due to works being ahead of expectations.
(iv) Noted that a full review of the Capital Programme will be submitted to Cabinet at its October 2020 meeting to include re-phasing of the existing programme and new Capital bids for the next budget cycle.
Report author: Peter Maddock
Publication date: 04/09/2020
Date of decision: 02/09/2020
Decided at meeting: 02/09/2020 - Cabinet
Effective from: 12/09/2020