Purpose

To inform the Cabinet Member of the
Portfolio’s latest forecast financial position as at 31st
July 2024 against Revenue and Capital budgets.

Decision

The Cabinet Member RESOLVED:
 
(i) 
To note the current financial position and actions being taken to
address budget variances;
 
(ii) 
To note the latest percentage Red, Amber and Green (RAG) ratings
for the delivery of the (MTFS) savings 2024/25 to 2026/27;
 
(iii) 
To approve an increase of £0.065 million to be paid to SCH as
part of the SCH Revenue Management Fee from the HRA as detailed in
paragraph 3.22 of the report.;
 
(iv) 
To approve the use of HRA Revenue Reserves to fund £0.393
million in relation to the revised consumer regulations which came
into effect in April 2024 as detailed in paragraph 3.24 of the
report; and
 
(v) 
To approve the removal of £9.002 million from the Solihull
Community Housing (SCH) Capital Management Fee in relation to the
new housing development at the Kingshurst Village Centre as
detailed in paragraph 3.28 of the report.