Issue - meetings

Following consideration of the officer report, appendices and discussion, the Executive resolved to:

1.             Note the HRA’s forecast financial performance and projected reserves position for 2024/25 financial year as at 30 June 2024, including key risks and future issues and opportunities detailed in the report which will be closely monitored and updated throughout the year.

2.             Note the forecast outturn position of the Capital Programme. 

The Leader of the Council, Cllr Bill Revans, invited the Lead Member for Communities, Housing Revenue Account, Culture and, Equalities and Diversity, Cllr Federica Smith-Roberts, to introduce the item. Cllr Smith-Roberts explained the different models of the HRA and highlighted a significant overspend due to repairs and maintenance and concerns about staffing within the team to address that.

The Leader of the Council, Cllr Bill Revans, invited comments from Committee Members and other Members present. Questions and points raised included: the impact of the change in legislation regarding Right to Buy receipts; the impact of a Section 114 on HRA grants; the work needed when a property becomes void; the impact of delays on the housing in Minehead (Seaward Way) on the overall HRA budget.

The Leader of the Council concluded the discussion and proceeded to a vote on the recommendations, which were agreed unanimously.

Following consideration of the officer report, appendices and discussion, the Executive resolved to:

1.             Note the HRA’s forecast financial performance and projected reserves position for 2024/25 financial year as at 30 June 2024, including key risks and future issues and opportunities detailed in the report which will be closely monitored and updated throughout the year.

2.             Note the forecast outturn position of the Capital Programme.