Issue - meetings

To share the Landlord Service Advisory Board HRA progress report and request virements to balance the budget.  The report was shared with the Board on 2 December and updated by Finance on 13 December to reflect the November budget monitoring information. 

The report will provide the Executive with a status update on the income and expenditure of the HRA Revenue and Capital Accounts for the first seven months of 2021/22.  Informing the Executive of the financial performance of the service with information on the balance of the account, any underspends and overspends and requested virements. 

Recommendation

It is recommended that the Executive approves virements[1] of budgets within the HRA to realign the budget to need as detailed in Annexe 1.

RESOLVED that virements[1] of budgets within the HRA to realign the budget to need as detailed in Annexe 1 to the report be approved.

Reason: To update the HRA budgets according to needs and ensure services and works continue to be delivered during 2021/22.  The original HRA budget for 2021/22 was agreed by Council in February 2021 during the Covid-19 pandemic.  In light of changes in needs from tenants, access to suppliers, contractors etc. this report seeks to provide an update to the Landlord Services Advisory Board and realign budgets in line with the current identified needs.  

[Policy Overview and Scrutiny Committee]

The Leader presented the report which set out an update to the Landlord Services Advisory Board in December 2021 and recommendations which sought to realign budgets with the current position. 

RESOLVED that virements[1] of budgets within the HRA to realign the budget to need as detailed in Annexe 1 to the report be approved.

Reason: To update the HRA budgets according to needs and ensure services and works continue to be delivered during 2021/22.  The original HRA budget for 2021/22 was agreed by Council in February 2021 during the Covid-19 pandemic.  In light of changes in needs from tenants, access to suppliers, contractors etc. this report seeks to provide an update to the Landlord Services Advisory Board and realign budgets in line with the current identified needs. 

[Policy Overview and Scrutiny Committee]