Agenda item

*RESOLVED -

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

(2)         That the draft estimates for 2015/16 and future years be approved.

(3)         That the “Growth Items”, at Annexe 6 of Appendix A to the report, be approved.

The Housing Service Manager – Business Planning and Strategy and the Chief Finance Officer submitted a report on the probable outturn on the Housing Revenue Account for the current financial year and seeking approval for the budget estimates for 2015/16.

There was a discussion on the merits of the introduction of self-financing, which had improved the financial position of the Housing Revenue Account and allowed for additional investment in the housing stock in the longer term.

The rent and service charge levels agreed by Cabinet in January (Minute No.170 (2014/15)) had been incorporated into the 2015/16 budget forecast. 

The report also proposed a schedule of priority growth requests. 

*RESOLVED -

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

(2)         That the draft estimates for 2015/16 and future years be approved.

(3)         That the “Growth Items”, at Annexe 6 of Appendix A to the report, be approved.

REASONS FOR DECISIONS

To enable the Council to set the Housing Revenue Account budget for 2015/16.

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