Issue - meetings

HRA Budget Monitoring Report

Meeting: 05/10/2021 - Executive (Item 97)

97 HRA Budget Monitoring Report - Quarter 1 pdf icon PDF 365 KB

To consider the report of the Director Finance.

 

Additional documents:

Decision:

Agreed:

 

RECOMMENDED that Council approve (where applicable):-

 

(1)   the HRA forecast financial position for 2021/22 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.

 

 

 

Minutes:

The Executive received the report on the financial position of the HRA Revenue and Capital Budgets for the 2021/22 financial year after three months and the reported budgetary over/under-spend. The report further highlighted areas of risk, where certain budgets had been identified as being vulnerable to factors beyond the control of the Council, with potential deviations from budget, which were being monitored by officers.

 

Particular reference was made to the HRA budget, being on track, but it was likely to face reductions to the balance later in the year.

 

RECOMMENDED that Council to approve (where applicable):-

 

(1)   the HRA forecast financial position for 2021/22 financial year; and

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