113 MCa/19/53 HOUSING REVENUE ACCOUNT FINANCIAL MONITORING 2019/20 - QUARTER 3 PDF 391 KB
Cabinet Member for Finance
Decision:
It was RESOLVED:-
1.2 That, subject to any further budget variations that arise during the rest of the financial year, the in-year shortfall in funds of £218k, referred to in section 5.5 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, make no recommendation for the transfer of funds from reserves.
Any Declarations of Interests Declared: None
Any Dispensation Granted: None
Minutes:
The report was introduced by the Cabinet Member for Finance. Councillor Whitehead moved the recommendations in the report and this was seconded by Councillor Flatman.
In response to a query from Councillor Welham regarding void property figures, the Assistant Director for Housing confirmed the increased figure related to the number of properties and not the number of days the properties had been empty, and advised exact figures would be provided.
Councillor Eburne raised a query regarding the New Build and Acquisitions Programme and sought confirmation that housing development was in line with local housing needs. The Cabinet Member for Housing confirmed that a policy was being looked at. The Assistant Director for Housing then advised that a project was planned to review the system of letting properties. The results were expected within twelve months and would be presented to Cabinet.
Councillor Fleming commented on the deficit in relation to repairs and maintenance and asked what action was planned to address this. Councillor Flatman advised that a review of Building Services was being undertaken and options would be presented to Cabinet in May or June of this year. The Assistant Director for Housing commented that the adverse variances against budget had been reducing over the last few years. He then advised Members of the actions which had been taken to address issues including reducing the demand on sub-contractors, training of staff and revisions to the team structure.
In response to a query from Councillor Richardson, the Assistant Director for Housing provided Members with examples of the improvements made to Building Services and gave credit to the staff working to make these improvements.
By a unanimous vote
It was RESOLVED:-
1.1 The potential or likely variations in relation to the HRA both Revenue and Capital compared to the Budget be noted.
1.2 That, subject to any further budget variations that arise during the rest of the financial year, the in-year shortfall in funds of £218k, referred to in section 5.5 of the report, be noted.
1.3 The 2019/20 Capital Programme position 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.