Agenda item

*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.

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.