Agenda item

Housing Revenue Account Budget 2021/22

Decision:

*RESOLVED –

 

That it be recommended to Full Council that:

 

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

 

2.   The draft estimates for 2021/22 and future years be approved.

 

3.   The intention to develop a detailed programme and funding strategy for Organisational Development be noted.

 

REASON FOR DECISIONS

 

To keep Members informed about the current financial standing of the Council’s Housing Revenue Account and the budget estimates for 2021/22.

Minutes:

The Group Financial Accountant submitted a report on the probable Housing Revenue Account (HRA) outturn for 2020/21, and the budget estimates for 2021/22 through to 2025/26.

 

The Council was required to produce a 30 year HRA Business Plan that was financially viable, which reflected the views and requirements of tenants, and maintained the Council’s housing stock at the Decent Homes Standard in line with the Council’s Vision and Council Plan.

 

The probable HRA outturn for 2020/21 was reported in section 4.3 of the officer’s report.

 

The initial budget forecast for 2021/22 was detailed in section 4.5 of the officer’s report.

 

*RESOLVED –

 

That it be recommended to Full Council that:

 

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

 

2.    The draft estimates for 2021/22 and future years be approved.

 

3.    The intention to develop a detailed programme and funding strategy for Organisational Development be noted.

 

REASON FOR DECISIONS

 

To keep Members informed about the current financial standing of the Council’s Housing Revenue Account and the budget estimates for 2021/22.

Supporting documents: