Issue - meetings

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.

Councillor John Williams presented this report on the Housing Revenue Account (HRA) and Capital outturn position for the financial year 2021/22 with Reserve balances as at 31 March 2022 and which sought agreement to the proposed changes to the Capital Programme. He explained that there had been £2.7m slippage in the capital outturn with projects that would now be paid for in the current financial year.

Councillor John Batchelor welcomed the budget surplus achieved despite the challenges caused by Covid-19. He noted that the HRA costs had to be met by rent. He praised staff for achieving 89 property completions in challenging circumstances.

Minor amendment

It was noted that Musgrove Way was in Fen Ditton and not Teversham as stated in paragraph 14 of the report.

Councillor John Williams proposed and Councillor John Batchelor seconded the recommendations in the report. A vote was taken and by affirmation

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.

Cabinet:

a)    Noted 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)    Noted 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)          Noted the 2021/22 capital outturn of £17.485 million;

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

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

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

            v)          Noted 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.

Councillor John Batchelor, Lead Cabinet Member for Housing, presented to Cabinet a report on the 2021-2022 Provisional Housing Revenue Account (HRA) Outturn. He briefly explained the impact of the Covid-19 pandemic on the capital account.

Upon a proposal from Councillor Batchelor seconded by Councillor Smith, and by affirmation, Cabinet

a)    Noted 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)    Noted the overall increase in the Housing Revenue Account balance as of 31 March 2021 to £5.681 million;

c)    In relation to the Capital Programme:

                          i)           Noted the 2021-22 capital outturn of £17.485 million;

                        ii)           Acknowledged the performance achieved in relation to the Capital Programme schemes substantially completed in 2021/2022, summarised in Appendix A to the report;

                       iii)           Recommended to Council the carry forwards to 2022-23 of £0.836 million in relation to HRA Housing improvements due mainly to slippage;

                       iv)           Recommended to Council carry forward amounts of £1.896 million to 2022/23 in relation to HRA housebuilding during 2021/22, due to slippage; and

                        v)           Noted that a full review of the Capital Programme would 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.