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.