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Matter for Decision
The Housing Revenue Account Budget Setting Report, considered and approved in January / February of
each year is the long-term strategic planning document for housing landlord
services provided by Cambridge City Council.
The Housing Revenue Account (HRA) Mid-Year Financial Review
provides an opportunity to review the assumptions incorporated as part of the
longer-term financial planning process, recommending any changes in response to
new legislative requirements, variations in external economic factors and
amendments to service delivery methods, allowing incorporation into budgets and
financial forecasts at the earliest opportunity.
Decision of Executive Councillor
for Housing:
The Executive
Councillor resolved to:
i.
Note
the proposals for changes in housing capital budgets, as detailed in Sections 6
and 7, and summarised in Appendix F of the Officer’s report and to recommend
the proposals for decision at Council on 24th October 2013.
Reason for the Decision:
As set out in the Officer’s report.
Any Alternative Options Considered and Rejected:
Not applicable.
Scrutiny Considerations:
The Committee received a report from the Business Manager
and Principal Accountant regarding the Housing Revenue Account Mid-Year
Financial Review.
Members expressed concern that reductions to the disabled
adaptations budget could result in a shortfall at the end of the financial
period. Officers stated that the remaining budget was expected to meet demand.
In response to questions from Committee members the Business
Manager and Principal Accountant clarified how the inflation predictions had
been calculated (Consumer Price Index plus 2%). She suggested that making
adjustments at this point in the year was part of good budget management.
The Committee resolved by 4 votes to 0 to endorse the
recommendations.
The Executive Councillor approved the recommendation.
Conflicts of interest declared by the Executive Councillor (and any
dispensations granted)
Not applicable.