Agenda item

*RESOLVED –

That it be recommended to full Council that:

1.   The probable outturn for the current financial year 2018/19 be noted.

2.   The draft budget estimates for 2019/20 and future financial years be approved.

3.   The growth request, as detailed in annexe 6 of the officer’s report, be approved.

REASONS FOR DECISIONS

1.   To enable the council to set the Housing Revenue Account budget for 2019/20.

2.   To continue with the financial strategy contained in the Housing Revenue Account Business Plan and self-financing debt settlement arrangements.

The Director of Finance and Resources submitted a report presenting the probable outturn on the Housing Revenue Account (HRA) for 2018/19, and the budget estimates for 2019/20 through to 2023/24.

The Council is required to produce a 30 year HRA Business Plan that is financially viable and maintains at least the minimum Decent Homes Standard.

The probable outturn for the HRA in 2018/19 was reported in section 5 of the officer’s report.

The financial strategy for the HRA is to deliver a balanced and sustainable budget which is self-financing in the longer term and reflects both the requirements of tenants and the strategic vision and priorities of the Council. The initial budget forecast for 2019/20 was detailed in section 7 of the officer’s report.

*RESOLVED –

1.   That it be recommended to full Council that:

2.   The probable outturn for the current financial year 2018/19 be noted.

3.   The draft budget estimates for 2019/20 and future financial years be approved.

4.   The growth request, as detailed in annexe 6 of the officer’s report, be approved.

REASONS FOR DECISIONS

1.   To enable the council to set the Housing Revenue Account budget for 2019/20.

2.   To continue with the financial strategy contained in the Housing Revenue Account Business Plan and self-financing debt settlement arrangements.