Issue - meetings

HRA Budget Monitoring Report

Meeting: 04/04/2023 - Executive (Item 47)

47 2022/23 HRA Budget Monitoring Report - Quarter 3 pdf icon PDF 693 KB

To consider the report of the Director Finance.

 

Additional documents:

Decision:

Agreed:

 

RECOMMENDED that Council notes 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 nine months. Members were referred to Appendix 1 of the report which highlighted areas of risk and advised that certain budgets had been identified as being vulnerable to factors beyond the control of the Council, which could result in potential deviations from budget, and were being closely monitored by officers.

 

Councillor D. Moore, as an opposition group leader, spoke on this item. She enquired about the replanting of trees as a result of ash die back. She highlighted that she had been informed that expenditure would be provided, but it had been rolled forward, and was concerned that tree planting was not taking place. Councillor Moore also enquired about the consultancy fees spent on the review of the responsive repairs contract and the consultancy work as cost saving for service improvements for Housing Assets.

 

The Leader, in responding, requested that detailed response to the questions would be provided from the relevant Director.

 

During the discussion the following points were raised:-

 

·         Members welcomed seeing Edwards Court in the report and the highlight of the provision for Extra Care in Passivhaus standard; and

·         Social Housing was 80% full and some homes had been kept back as part of the pathway project which had generated income for the Council. Five homes had now been made available to social housing tenants.

 

RECOMMENDED that Council notes 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.