Decision:
*RESOLVED –
That is be recommended to full Council that:
1. The probable outturn for the current financial year 2017/18 be noted.
2. That the draft budget estimates for 2018/19 and future financial years be approved.
REASONS FOR RECOMMENDATIONS
1. To enable the Council to set the Housing Revenue Account budget for 2018/19.
2. To continue with the financial strategy contained in the Housing Revenue Account Business Plan and self-financing debt settlement arrangements.
Minutes:
The Assistant Director – Housing and Director of Finance and Resources submitted a report presenting the probable outturn on the Housing Revenue Account (HRA) for 2017/18, and the budget estimates for 2018/19 through to 2022/23.
The Council was required to produce a 30 year HRA Business Plan that was financially viable and able to maintain the Council’s housing stock at the minimum Decent Homes Standard.
The probable outturn for the HRA in 2017/18 was reported in Section 5 of the officer’s report.
The Assistant Director – Housing advised that the financial strategy for the HRA in 2018/19 was to continue to deliver a balanced, sustainable and self-financing budget. The initial HRA budget forecast for 2018/19 was set out at Section 7 of the officer’s report.
*RESOLVED –
That it be recommended to full Council that:
1. The probable outturn for the current financial year 2017/18 be noted.
2. That the draft budget estimates for 2018/19 and future financial years be approved.
REASONS FOR DECISIONS
1. To enable the Council to set the Housing Revenue Account budget for 2018/19.
2. To continue with the financial strategy contained in the Housing Revenue Account Business Plan and self-financing debt settlement arrangements.
Supporting documents: