Issue - meetings

2022/23 HRA Budget Monitoring Report – Quarter 2

Meeting: 29/11/2022 - Executive (Item 129)

129 2022/23 HRA Budget Monitoring Report - Quarter 2 pdf icon PDF 484 KB

To consider the report of the Director Finance.

 

Additional documents:

Decision:

Agreed:

 

RECOMMENDED that Council note and approves (where applicable):

 

(1)   the HRA forecast financial position for 2022/23 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 2022/23 financial year after six months and the reported budgetary over/under-spends. The report also highlighted areas of risk, where certain budgets had been identified as being vulnerable to factors beyond the control of the Council, resulting in potential deviations from budget, and were being monitored by officers.

 

Councillor D. Moore, as an opposition group leader, spoke on this item and referred to the general maintenance budget overspend and requested confirmation that there would be no delay in the maintenance for Council Housing.

 

The Director Finance, in responding, advised that there was sufficient flexibility within the overall HRA budget to ensure that there would be no impact on the repairs and maintenance element. Much of the work related to void properties and it was important to ensure that these were fit for occupation to contribute to the income stream.

 

RECOMMENDED that Council note and approves (where applicable):

 

(1)   the HRA forecast financial position for 2022/23 financial year; and

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