Issue - meetings

To consider the report of the Head of Finance, Procurement & Commercial Services. 

(Relevant Portfolio Holder: Councillor N Pryce-Roberts)

The Leader introduced the report of the Head of Finance, Procurement & Commercial Services, which provided a summary of the Housing Revenue Account (HRA) and Housing capital programme positions for the 2022/23 financial year.

The Leader advised that the report had been considered by the Executive Overview & Scrutiny Committee on 6 September 2022, the minutes of which had been circulated prior to the meeting.

In reaching the decision below the Cabinet considered the decision of the Executive Overview & Scrutiny Committee, the report before it and the recommendations contained therein.

RESOLVED:   A.     That the 2022/23 HRA and Housing capital programme positions be noted.

B.     That the proposed budget adjustments identified in paragraphs 4.3 and 4.4 of the report be approved, namely to move £50k budget from central administration to electrical testing; and £30k from contributions to bad debt provision to central heating servicing.

C.         That the significant budget pressures be noted.

To consider the report of the Head of Finance, Procurement & Commercial Services. 

Consideration was given to the report of the Head of Finance, Procurement and Commercial Services as detailed on pages 263 to 272 of the Book of Reports, which provided a summary of the Housing Revenue Account (HRA) and Housing Capital Programme positions for the 2022/23 financial year.

The Group Accountant outlined the report and referred to the following:

·         Employee expenses – Staffing vacancies, Pension fund

·         Dwelling rents – TVD stock increases

·         Response repairs and revenue voids work outturn

·         Gas costs - District Heating Service

·         Proposed budget adjustments identified - To move £50k budget from central administration to electrical testing; and £30k from contributions to bad debt provision to central heating servicing.

RESOLVED:

A.   That the 2022/23 HRA and Housing capital programme positions and the proposed budget adjustments identified in paragraphs 4.3 and 4.4 of the report be noted.

B.   That future HRA and Housing capital programme monitoring reports be

considered by the newly established Budget/Council Plan Committee, unless there are specific recommendations for this Committee and Cabinet to consider.