Housing Revenue Account (HRA), General Fund, Revenue and Capital Budget Provisional Outturn 2019/2020
Cabinet:
(a) Noted the 2019/2020 revenue outturn position and the net underspend in the year of £2.001 million, and the explanations provided for the variances compared to the approved 2019/2020 revenue budget;
(b) Noted the overall reduction in the Housing Revenue Account balance as at 31 March 2020 to £5.358 million;
(c) Recommended to Full Council the Housing Revenue Account Revenue Budget Carry Forwards in the sum of £0.020 million, in relation to tenant participation;
(d) In relation to the Capital Programme:
(i) Noted the 2019/2020 capital budget outturn of £22,647 million;
(ii) Recommended to Full Council the carry forwards to 2020/21 of £1.611 million in relation to HRA Housing improvements due mainly to slippage.
(iii) Recommended to Council the bringing forward of £1.530 million from 2020/21 in relation to HRA housebuilding during 2019/20, due to works being ahead of expectations.
(iv) Noted that a full review of the Capital Programme will be submitted to Cabinet at its October 2020 meeting to include re-phasing of the existing programme and new Capital bids for the next budget cycle.
This decision was first published on 4 September and so the deadline for call-in is 11 September at 5pm.
11 Housing Revenue Account (HRA) Revenue and Capital Budget Provisional Outturn 2019/2020 
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Decision:
Cabinet:
(a) Noted the 2019/2020 revenue outturn position and the net underspend in the year of £2.001 million, and the explanations provided for the variances compared to the approved 2019/2020 revenue budget;
(b) Noted the overall reduction in the Housing Revenue Account balance as at 31 March 2020 to £5.358 million;
(c) Recommended to Full Council the Housing Revenue Account Revenue Budget Carry Forwards in the sum of £0.020 million, in relation to tenant participation;
(d) In relation to the Capital Programme:
(i) Noted the 2019/2020 capital budget outturn of £22,647 million;
(ii) Recommended to Full Council the carry forwards to 2020/21 of £1.611 million in relation to HRA Housing improvements due mainly to slippage.
(iii) Recommended to Council the bringing forward of £1.530 million from 2020/21 in relation to HRA housebuilding during 2019/20, due to works being ahead of expectations.
(iv) Noted that a full review of the Capital Programme will be submitted to Cabinet at its October 2020 meeting to include re-phasing of the existing programme and new Capital bids for the next budget cycle.
Minutes:
Cabinet considered a report from the Head of Housing. Councillor John Williams noted the small underspend, and a small increase in income, adding £2 million into the Council’s reserves. He thanked the Officers responsible for the New Homes Build programme, for achieving the intended targets ahead of schedule. Councillor Hazel Smith, Lead Cabinet Member for Housing, welcomed the report and thanked the Officers for achieving their targets during the previous year.
After a short discussion, Councillor Bridget Smith closed the debate, and Cabinet:
a) Noted the 2019/2020 revenue outturn position and the net underspend in the year of £2.001 million, and the explanations provided for the variances compared with the approved 2019/2020 revenue budget;
(b) Noted the overall reduction in the Housing Revenue Account balance as at 31 March 2020 to £5.358 million;
(c) Recommended to Full Council the Housing Revenue Account Revenue Budget Carry Forwards in the sum of £0.020 million, in relation to tenant participation;
(d) In relation to the Capital Programme:
(i) Noted the 2019/2020 capital budget outturn of £22,647 million;
(ii) Recommended to Full Council the carry forwards to 2020/21 of £1.611 million in relation to HRA Housing improvements due mainly to slippage.
(iii) Recommended to Council the bringing forward of £1.530 million from 2020/21 in relation to HRA housebuilding during 2019/20, due to works being ahead of expectations.
(iv) Noted that a full review of the Capital Programme will be submitted to Cabinet at its October 2020 meeting to include re-phasing of the existing programme and new Capital bids for the next budget cycle.