Decision details

Reports the HRA Revenue and Capital outturn position for the financial year 2021/22

Cabinet:

a)    Noted the 2021/22 revenue outturn position and the net overspend in the year of £0.029 million, and the explanations provided for the variances compared to the revised 2021/22 revenue budget;

b)    Noted the overall increase in the Housing Revenue Account balance as at 31 March 2021 to £5.681 million;

c)    In relation to the Capital Programme:

              i)          Noted the 2021/22 capital outturn of £17.485 million;

             ii)          Acknowledged the performance achieved in relation to the Capital Programme schemes substantially completed in 2021/2022, summarised in Appendix A.

           iii)          Recommended to Council the carry forwards to 2022/23 of £0.836 million in relation to HRA Housing improvements due mainly to slippage.

           iv)          Recommended to Council carry forward amounts of £1.896 million to 2022/23 in relation to HRA housebuilding during 2021/22, due to slippage.

            v)          Noted that a full review of the Capital Programme will be submitted to Cabinet at its December 2022 meeting to include re-phasing of the existing programme and new Capital bids for the next budget cycle.