Purpose

To consider the 2023/24 HRA Budget Monitoring Report – Outturn

Decision

Agreed:

RECOMMENDED that Council notes and approves:-

1)    the supplementary budget of £50,000 as detailed in paragraph 8.5 of the report;

2)    the HRA financial position for 2023/24 financial year;

3)    the revision of the HRA Capital Programme to reflect the reported variations detailed in Appendix 3 of the report;

4)    the request to transfer £466,000 from the social housing acquisitions Section 106 budget to the social housing acquisitions open market budget as detailed in paragraph 8.13 of the report;

5)    to request £74,000 of additional funding to finalise the Hamlin Gardens project; and

6)    to request that the new HRA development at Hamlin Gardens (Brooke House) be designated as a scheme for applicants over the age of 60, as detailed in paragraph 8.14 of the report.

Reason for Decision: As set out in the report.