Issue - meetings

Cabinet

(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.

Cabinet considered a report detailing the Housing Revenue Account (HRA) Revenue and Capital outturn position for the financial year 2018-2019 with Reserve balances as at 31 March 2019, and proposed changes to the Capital Programme.

The Leader thanked the Deputy Head of Finance for his role in finalising the accounts.

Cabinet

(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.