Issue - meetings

2024/25 Housing Revenue Account Revenue & Capital Budget Monitoring Report - Qtr2

 

 

Meeting: 02/12/2024 - Executive (Item 54)

54 2024/25 Housing Revenue Account Revenue & Capital Budget Monitoring Report - Qtr2 pdf icon PDF 374 KB

Additional documents:

Decision:

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

 

  1. Note the Housing Revenue Account forecast overspend of £1.717m for 2024/25, the mitigations actions in the report and the impact on the HRA General Fund Reserve of this overspend.  
  1. Agree to take further mitigating actions to pull back the forecast overspend for the next quarter and by outturn. 
  1. Note the forecast outturn position of the Capital Programme of £55.172m for 2024/25. 
  1. Approve slippage of £37.723m into future years. 
  1. Note the Capital virements in paragraph 27. 

 

Minutes:

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 report. Cllr Smith-Roberts highlighted that there had been positive movement but the account was still showing an overspend, in part due to repairs and maintenance cost and the condition void properties are left it.

 

The Leader of the Council invited comments from Committee Members and other Members present, with officers providing responses as appropriate. Questions and points raised included: possibilities for improving the conditions void properties are left in such as the Leaving Well scheme; whether the Council as landlord has the right to enter properties and complete repairs; the difference in write-offs between Homes in Sedgemoor and the in house service; slippage in some programmes including the fire safety programme; whether any properties have unsafe cladding as indicated in the Grenfell report.

 

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 Housing Revenue Account forecast overspend of £1.717m for 2024/25, the mitigations actions in the report and the impact on the HRA General Fund Reserve of this overspend.  
  1. Agree to take further mitigating actions to pull back the forecast overspend for the next quarter and by outturn. 
  1. Note the forecast outturn position of the Capital Programme of £55.172m for 2024/25. 
  1. Approve slippage of £37.723m into future years. 
  1. Note the Capital virements in paragraph 27.