Decision:
*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.
Minutes:
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.
Supporting documents: