Issue - meetings

To consider the report of the Director Finance.

Agreed:

RECOMMENDED that Council notes and approves (where applicable):-

(1)   the HRA forecast financial position for 2020/21 financial year; and

(2)   the revision of the HRA Capital Programme to reflect the reported variations detailed in Appendix 4 of the report.

Reason for Decision: As set out in the report.

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The Executive received the report on the overall financial position of the HRA Revenue and Capital Budgets for the 2020/21 financial year after nine months. Members’ attention was given to the highlighted areas of risk, shown in the report, which identified budgets which were vulnerable to factors beyond the control of the Council, which could result in potential deviations from budget, and which were being monitored by officers.

The Director Finance advised that it was anticipated that there would be a surplus in the HRA working balance due to borrowing at lower interest rates and that no contributions would be made to the capital budget.

RECOMMENDED that Council notes and approves (where applicable):-

(1)  the HRA forecast financial position for 2020/21 financial year; and

(2)  the revision of the HRA Capital Programme to reflect the reported variations detailed in Appendix 4 of the report.