Issue - meetings

The Leader of the Council (Portfolio Holder for Housing and Landlord Services) and the Portfolio Holder for Corporate Finance, Property and Resources to submit a report seeking to provide 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 September 2024 for revenue and capital budgets.

Cabinet

NOTED the financial position on the Housing Revenue Account at 30 September 2024 and the year-end forecast for both revenue and capital.

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

During the debate the following comments were made:

·       Cabinet noted the importance of learning from what has happened in order to move forward. The Council has achieved a lot, however it was recognised that a number of issues were inherited.

·       Members recognised the need to keep monitoring the situation.

RESOLVED

Cabinet NOTED the financial position on the Housing Revenue Account at 30 September 2024 and the year-end forecast for both revenue and capital.

(Non-key decision)

Reason for recommendation

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.