73 MCa/21/30 HOUSING REVENUE ACCOUNT (HRA) FINANCIAL MONITORING 2021/22 - QUARTER 2 PDF 204 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 adverse variance of £747k, referred to in section 6.5 of the report, be noted;
1.2 The 2021/22 revised Capital Programme referred to in Appendix A and section 6.13 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 Declarations of Interests Declared: None
Any Dispensation Granted: None
Minutes:
72.172
73.1 The Chair invited the Cabinet Member for Finance, Councillor Whitehead to introduce the report.
73.2 Councillor Whitehead provided a summary and proposed recommendations 3.1 and 3.2 in the report.
73.3 This was seconded by Councillor Hadingham.
73.4 In response to questions from other Members attending the meeting, the Cabinet Member for Finance stated that there was a difference between the General Fund and the Housing Revenue Account, and that the Finance team were reviewing the funding provided by the Government for the Covid -19 Pandemic.
73.5 The Assistant Director for Housing responded to additional questions from other Members attending the meeting and stated that building material shortages and increases in costs had been a challenge of the whole building industry. During the Covid-19 lock downs only urgent repairs had been allowed to be undertaken and tenants staying at home had resulted in an increase of the number of repairs reported to the Councils’ building service. Recently the Building Service team had reduced the number of outstanding repair jobs.
It was RESOLVED: -
1.1 That, subject to any further budget variations that arise during the rest of the financial year, the adverse variance of £747k, referred to in section 6.5 of the report, be noted;
1.2 The 2021/22 revised Capital Programme referred to in Appendix A and section 6.13 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.