Decision details

Comparison of budget to actual for 20/21.

Cabinet:

a)    Noted the 2020/21 revenue outturn position and the net underspend in the year of £1.091 million, and the explanations provided for the variances compared to the approved 2020/21 revenue budget;

b)    Noted the overall reduction in the Housing Revenue Account balance as at 31 March 2021 to £4.639 million;

c)    Recommended to Council the Housing Revenue Account Revenue Budget Carry Forwards in the sum of £0.035 million, in relation to Consultancy costs.

d)    In relation to the Capital Programme:

(i) Noted the 2020/21 capital outturn of £15.987 million;

(ii) Recommended to Council the carry forwards to 2020/21 of £1.822 million in relation to HRA Housing improvements due mainly to slippage.

(iii) Recommended to Council carry forward amounts of £1.213 million to 2021/22 in relation to HRA housebuilding during 2020/21, due to slippage.

(iv) Noted that a full review of the Capital Programme will be submitted to Cabinet at its October 2021 meeting to include re-phasing of the existing programme and new Capital bids for the next budget cycle.