Agenda item

*RESOLVED –

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

2.    That it be recommended to Full Council that the draft estimates for 2022/23 and future years be approved.

REASON FOR DECISIONS

To keep Members informed about the Council’s current financial standing for the Housing Revenue Account and the budget estimates for 2022/23.

The Service Director - Finance submitted a report on the probable Housing Revenue Account (HRA) outturn for 2021/22, and the budget estimates for 2022/23 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 2021/22 was reported in section 4.3 of the officer’s report.

The initial budget forecast for 2022/23 was detailed in section 4.5 of the officer’s report.

*RESOLVED –

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

2.    That it be recommended to Full Council that the draft estimates for 2022/23 and future years be approved.

REASON FOR DECISIONS

To keep Members informed about the Council’s current financial standing for the Housing Revenue Account and the budget estimates for 2022/23.