Issue - meetings

Cabinet

(a)          Noted the outturn position of a £2.742 million underspend for the Housing Revenue Account (HRA) Capital Programme and that, of this, £1.124 million was at that time proposed for reprofiling into future years;

(b)          Consider the updated HRA capital programme at Appendix B which has been re-profiled in line with the expected timing of spend and amended in line with expected levels of spend where appropriate; 

(c)          Noted that, in order to finance the updated Capital Programme, borrowing of around £10 million was likely to be required during 2021/22;

(d)          noted that, following the abolition of the HRA debt cap, a local debt cap had been calculated as £250 million at 1^st April 2019 rising to £300 million as at 31^st March 2022;

(e)          Recommended to Full Council the revised HRA capital programme for the period 2019/2020 to 2024/2025, at Appendix B, to reflect amendments to, and the reprofiling of expenditure identified in the report.  

This decision was first published on Monday 13 January and so the deadline for call-in is Monday 20 January at 5pm.

Cabinet

(a)          Noted the outturn position of a £2.742 million underspend for the Housing Revenue Account (HRA) Capital Programme and that, of this, £1.124 million was at that time proposed for reprofiling into future years;

(b)          Consider the updated HRA capital programme at Appendix B which has been re-profiled in line with the expected timing of spend and amended in line with expected levels of spend where appropriate; 

(c)          Noted that, in order to finance the updated Capital Programme, borrowing of around £10 million was likely to be required during 2021/22;

(d)          noted that, following the abolition of the HRA debt cap, a local debt cap had been calculated as £250 million at 1^st April 2019 rising to £300 million as at 31^st March 2022;

(e)          Recommended to Full Council the revised HRA capital programme for the period 2019/2020 to 2024/2025, at Appendix B, to reflect amendments to, and the reprofiling of expenditure identified in the report.  

Cabinet received a report updating it about the Housing Revenue Account (HRA) Capital programme reprofiling spend in line with current expectations, and amending the programme where budgets were inconsistent with expected spending needs.

Those present noted that such inconsistencies sometimes arose because projects were taking longer than expected or because projects had been spread over several years whereas the budget figures represented a single year.

Cabinet

(a)          Noted the outturn position of a £2.742 million underspend for the Housing Revenue Account (HRA) Capital Programme and that, of this, £1.124 million was at that time proposed for reprofiling into future years;

(b)          Considered the updated HRA capital programme at Appendix B which had been re-profiled in line with the expected timing of spend and amended in line with expected levels of spend where appropriate; 

(c)          Noted that, in order to finance the updated Capital Programme, borrowing of around £10 million was likely to be required during 2021/22;

(d)          Noted that, following the abolition of the HRA debt cap, a local debt cap had been calculated as £250 million at 1^st April 2019 rising to £300 million as at 31^st March 2022;

(e)          Recommended to Full Council the revised HRA capital programme for the period 2019/2020 to 2024/2025, at Appendix B, to reflect amendments to, and the reprofiling of expenditure identified in the report.