Issue - meetings

HRA Budget Monitoring Report

Meeting: 05/07/2022 - Executive (Item 73)

73 2021/22 HRA Budget Monitoring Report - Outturn pdf icon PDF 737 KB

To consider the report of the Director Finance.

 

Additional documents:

Decision:

Agreed:

 

RECOMMENDED that Council approve (where applicable): -

 

(1)  the supplementary budgets of £550,500 as detailed in paragraph 8.5 of the report;

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

(3)  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 which advised Members of the major differences between the approved budget and the outturn for the financial year up to 31 March 2022 in respect of the Housing Revenue Account and the Council’s new build schemes in respect of its revenue and capital programme.

 

The Deputy Chief Finance Officer drew Members’ attention to the comments of the Section 151 Officer advising of the challenges with recruitment and delivery of projects, which had a significant impact on expected spend in the year and pushed out the need for expenditure into future periods.

 

RECOMMENDED that Council approve (where applicable): -

 

(1)  the supplementary budgets of £550,500, as detailed in paragraph 8.5 of the report;

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

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