Issue - meetings

Cabinet:

a)    Noted the 2020/21 revenue outturn position and the net underspend in the year of £1.091 million, and the explanations provided for the variances compared to the approved 2020/21 revenue budget;

b)    Noted the overall reduction in the Housing Revenue Account balance as at 31 March 2021 to £4.639 million;

c)    Recommended to Council the Housing Revenue Account Revenue Budget Carry Forwards in the sum of £0.035 million, in relation to Consultancy costs.

d)    In relation to the Capital Programme:

(i) Noted the 2020/21 capital outturn of £15.987 million;

(ii) Recommended to Council the carry forwards to 2020/21 of £1.822 million in relation to HRA Housing improvements due mainly to slippage.

(iii) Recommended to Council carry forward amounts of £1.213 million to 2021/22 in relation to HRA housebuilding during 2020/21, due to slippage.

(iv) Noted that a full review of the Capital Programme will be submitted to Cabinet at its October 2021 meeting to include re-phasing of the existing programme and new Capital bids for the next budget cycle.

The Cabinet received the Housing Revenue Account Outturn. Councillor John Williams, Lead Cabinet Member for Finance, introduced the report, and explained the effect the coronavirus pandemic on housing revenue.

After a short discussion, the Leader of the Council closed the item, and Cabinet:

a)    Noted the 2020/21 revenue outturn position and the net underspend in the year of £1.091 million, and the explanations provided for the variances compared to the approved 2020/21 revenue budget;

b)    Noted the overall reduction in the Housing Revenue Account balance as at 31 March 2021 to £4.639 million;

c)    Recommended to Council the Housing Revenue Account Revenue Budget Carry Forwards in the sum of £0.035 million, in relation to Consultancy costs.

d)    In relation to the Capital Programme:

(i) Noted the 2020/21 capital outturn of £15.987 million;

(ii) Recommended to Council the carry forwards to 2020/21 of £1.822 million in relation to HRA Housing improvements due mainly to slippage.

(iii) Recommended to Council carry forward amounts of £1.213 million to 2021/22 in relation to HRA housebuilding during 2020/21, due to slippage.

(iv) Noted that a full review of the Capital Programme will be submitted to Cabinet at its October 2021 meeting to include re-phasing of the existing programme and new Capital bids for the next budget cycle.