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Matter for Decision.
The report presented a summary of the 2014/15 outturn
position (actual income and expenditure) for services within the Housing
Revenue Account, compared to the current budget for the year.
Decision of the
Executive Councillor for Housing:
i.
Agreed that the carry forward requests,
totalling £9,272,120 as detailed in Appendix C are to be recommended to Council
for approval.
ii.
Approved to carry forward net capital resources
of £13,758,000 from 2014/15 to fund re-phased capital spending in the Housing
Capital Investment Plan, as detailed in Appendix D and the associated notes,
re-profiling investment as follows:
-
Re-phase £11,248,000 into 2015/16
-
Re-phase £2,408,000 into 2016/17
-
Re-phase £102,000 into the period post 2017/18
iii. Recognised
a delay into 2015/16 for receipt of the reminder of the Homes and Community
Agency Grant for the affordable housing new build and re-development programme
of £274,000.
iv. Noted
the resulting need to defer the use of £9,223,000 of revenue funding of capital
expenditure into 2015/16 and 2016/17 as considered as part of the HRA revenue
carry forward requests £2,059,000 of major repairs reserve funding into future
years and the anticipated use of £1,993,000 of retained right to buy receipts,
all of which will be required to fund the requested re-phasing in capital
investment.
Scrutiny
Considerations.
The Committee received a report from the Business Manager /
Principal Accountant. The report highlighted variances from budgets and
provided explanations. The report also
identified requests to carry forward funding arising from certain budgets
underspends into 2015/16.
The report also incorporated the position in relation to the
Housing Capital Investment Plan with reported variances and any resulting
requests for re-phasing of budgets in 2015/16 and beyond.
In response to questions from the Committee, the Business
Manager / Principal Accountant and the Director of Customer and Community
Services stated the following:
i.
The Government had introduced new regulations
which ring fenced Capital and Revenue accounts.
The Housing Revenue Account could only be used for housing
purposes.
ii.
There had been a delay in delivering the new
build housing programme, however lessons had been learnt and going forward, the
Council would have a better procedure to be able to build delays into the
building programme on the next new house build.
iii. In
relation to the fencing budget there had been sufficient demand to spend the
money. Unfortunately during the past
year there had been a change in contractors which created delay in work, jobs
not being started by the old contractor and a lead in time to be able to
recruit sub-contractors by the new contractor.
The Committee:
Resolved
unanimously to approve the recommendations 2 (a)
Resolved
unanimously to approve the recommendations 2 (b)–(d).
The Executive Councillor for Housing approved the
recommendations.
Conflicts of Interest
Declared by the Executive Councillor (and any Dispensations Granted).
No conflicts were declared by the Executive Councillor.