Issue - meetings
HRA Budget Monitoring Report
Meeting: 10/12/2019 - Executive (Item 115)
115 HRA Budget Monitoring 2019/20 - Quarter 2 
PDF 88 KB
To consider the report of the Chief Finance Officer.
Additional documents:
- Appendix 1 HRA Areas of Budgetary Risk Qrt 2, item 115
PDF 43 KB
- Appendix 2 HRA Qrt 2 Revenue Outturn, item 115
PDF 47 KB
- Appendix 3 HRA Qrt 2 Available Resources, item 115
PDF 55 KB
- Appendix 4 HRA Capital Monitoring Qrt 2, item 115
PDF 67 KB
Decision:
|
Agreed |
RECOMMENDED that Council approve:
(1) The HRA forecast financial position for 2019/20 financial year; and (2) The revision of the HRA Capital Programme to reflect the reported variations detailed in Appendix 4 of the report presented to the meeting.
|
|
Reason for Decision: |
As set out in the report.
|
Minutes:
The Executive Committee received the report which advised Members of the overall financial position of the Housing Revenue Account (HRA) Revenue and Capital Budgets for the 2019/20 financial year after the first six months. The report also highlighted budgetary areas of risk for factors beyond the Council’s control that may result in potential deviations from budget.
Specific mention was given to the projected reduction in the need to take funds from the Housing Revenue Account working balance for the financial year. The projected working balance would stand at £9.6m, which is above minimum level of reserves.
RECOMMENDED that Council approve:
(1) The HRA forecast financial position for 2019/20 financial year; and
(2) The revision of the HRA Capital Programme to reflect the reported variations detailed in Appendix 4 of the report presented to the meeting.