Decision details

Revised HRA Budget and Monitoring 2020-21 and HRA Provisional Outturn 2019-20

Decision Maker: Cabinet

Decision status: Recommendations Approved (subject to call-in)

Is Key decision?: No

Is subject to call in?: Yes

Purpose:

Cabinet were asked to consider the revised HRA budget for 2020/21 inc. revised Capital Programme and to note the monitoring and 2019/20 Outturn position.

 

The revised HRA budget took into account factors such as the impact of Covid-19 on the HRA budget, additional monies for compliance and the transition of EKH back in house.

Decision:

The draft HRA Business Plan Strategic Priorities, as set out in paragraph 5.2 are agreed subject to consultation with the council’s tenants and leaseholders, and represented to Cabinet as part of a comprehensive review of the HRA Business Plan prior to budget setting for the financial year 2021/22.

Reasons for the decision:

To ensure on-going financial stability of the HRA in extenuating circumstances.

Alternative options considered:

Not to approve the budget, this was rejected as it would lead to difficulties in bringing EKH back in house as well as creating large variances against the budget of other pressures such as Covid-19 and compliance. Failure to approve would also result in poor financial planning which ultimately could affect the sustainability of the HRA.

Publication date: 31/07/2020

Date of decision: 30/07/2020

Decided at meeting: 30/07/2020 - Cabinet

Date comes into force if not called in: 08/08/2020

Call-in deadline date: 07/08/2020

Current call-in Count: 0

Accompanying Documents: