Issue - meetings

A report providing information on actual expenditure and income incurred on the Housing Revenue Account (HRA), compared to the latest approved budget for the period 1 April 2024 to 30 June 2024 for revenue and capital budgets.

Cabinet:

1)    NOTED the financial position on the HRA at 30 June 2024 and the year-end forecast for both revenue and capital.

2)    APPROVED the increase of £60k to the 2024-25 Capital Programme for the improvement of the LAHF grant funded properties purchased in 2023-24.

The Portfolio Holder for Corporate Finance, Property and Resources, Councillor Cox, introduced the report. The Leader moved the recommendations and Councillor Cumbers seconded the motion.

Members had no comments to add.

RESOLVED

Cabinet:

1)    NOTED the financial position on the HRA at 30 June 2024 and the year-end forecast for both revenue and capital.

2)    APPROVED the increase of £60k to the 2024-25 Capital Programme for the improvement of the LAHF grant funded properties purchased in 2023-24.

(Non-key decision)

Reason for recommendations

The Council, having set an agreed budget at the start of the financial year, needs to ensure that the delivery of the budget is achieved. Consequently there is a requirement to regularly monitor progress so that corrective action can be taken when required, which is enhanced with the regular reporting of the financial position.