34 MCa/19/15 HOUSING REVENUE ACCOUNT (HRA) FINANCIAL MONITORING 2019/20 QUARTER 1 PDF 446 KB
Cabinet Member for Finance
Decision:
It was RESOLVED:-
1.1 That, subject to any further budget variations that arise during the rest of the financial year, the shortfall in funds of £141k, referred to in section 5.5 of the report, be noted.
1.2 That the 2019/20 Capital Programme referred to in Appendix A and section 5.10 of the report be noted.
Reason for Decision: To ensure that Members are kept informed of the current
budgetary position for both the HRA Revenue and Capital Budgets.
Alternative Options Considered and Rejected: At this stage in the year, the
financial position is for noting only.
Any Declaration of Interest declared: None
Any Dispensation Granted: None
Minutes:
The report was introduced by the Cabinet Member for Finance and Members were provided with an overview of the variances detailed within. Councillor Whitehead clarified that in Appendix A, page 31 of the report the fourth column should read April to June and not April to March.
The recommendations in the report were moved by Councillor Whitehead and seconded by Councillor Flatman.
A query was raised by Councillor Eburne regarding the recent issues within BMBS. Councillor Flatman confirmed that external contractors had been undertaking work on void properties and that as a result of this it was expected the situation would improve.
By a unanimous vote
It was RESOLVED:-
1.1 That, subject to any further budgetary variations that arise during the rest of the financial year, the shortfalls in funds of £141k, referred to in section 5.5 of the report, be noted
1.2 That the 2019/20 Capital Programme referred to in Appendix A and section 5.10 of the report be noted.
Reason for Decision: To ensure that Members are kept informed of the current budgetary position for both the HRA Revenue and Capital Budgets.