Decision - HRA Budget Investment Programme 2018/19 and Medium Term Financial Strategy
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Decision details
HRA Budget Investment Programme 2018/19 and Medium Term Financial Strategy
Decision Maker: Policy, Resources & Growth Committee
Decision status: Recommendations approved
Is Key decision?: No
Is subject to call in?: No
Decision:
103.1 RESOLVED:
(1) That the Committee -
(a) Approved and recommended to full Council the updated HRA revenue budget for 2018/19 as shown in Appendix 2; subject to the removal of the proposed contribution of £0.170m from the HRA Revenue Budget to the General Fund in respect of Children’s Centre Services and to use the resources released to fund the HRA Capital Programme 2018/19, thereby reducing the amount of borrowing required by the HRA and future financing costs incurred by the HRA.
(b) Approved and recommended to Full Council the capital programme expenditure and financing budget of £36.344m for 2018/19 and noted the 3 year programme as set out in Appendix 4;
(c) Noted the HRA forecast outturn for 2017/18 in Appendix 1 of a 0.43m underspend as at month 9; (Noted that this forecast has been updated since Housing and New Homes Committee to take account of the most recent information available);
(d) Noted the Medium Term Financial Strategy and 30 year financial projection shown in Appendix 5;
(e) Noted the Integrated Service and Financial Plan (savings proposals) in Appendix 6.
(2) That the Committee recommends that the Full Council:
(a) Approves the updated HRA Revenue Budget for 2018/19 as shown in the revised Appendix 2;
(b) Approves the Capital Programme expenditure and financing budget of £36.344m for 2018/19 and noted the 3 year programme as set out in the revised Appendix 4
Report author: Monica Brooks
Publication date: 08/02/2018
Date of decision: 08/02/2018
Decided at meeting: 08/02/2018 - Policy, Resources & Growth Committee
Accompanying Documents:
- HRA Budget Investment Programme 201819 and Medium Term Financial Strategy PDF 274 KB
- Appendix 1 - Forecast Outturn 2017/18 at month 9 PDF 204 KB
- Appendix 2 - HRA Revenue Budget 2018/19 PDF 260 KB
- Appendix 3 - Tenant Service Charges PDF 124 KB
- Appendix 4 - HRA Capital Programme and Funding 2018/19 - 2020/21 PDF 428 KB
- Appendix 5 - HRA Medium Term Financial Strategy and 30 year financial forecast PDF 272 KB
- Appendix 6 - Integrated Service & Financial Plan (detailed savings proposals) PDF 138 KB
- Item 103 Green Group - HRA Budget and Capital Investment Programme 201819 PDF 190 KB
- Item 103 Lab&Con Grps - Joint HRA Budget PDF 189 KB