Decision details

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

Council

Agreed    to

A)   Note 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)   Note 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) Note the 2021/22 capital outturn of £17.485 million;

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

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

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

(v) Note 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.