Issue - meetings

To consider any recommendations of the Cabinet in respect of:

a)    2019/20 Financial Report Quarter 2 - To provide information on the forecast full year financial position of the Council at 30 September 2019 (Cabinet minute 44/19) (Cabinet agenda item 11);

b)    Acquisition of market dwellings to provide new affordable housing for the HRA - To provide details of the acquisition of seven open market houses on a development site within the district, to be provided as affordable housing (Cabinet minute 49) (Cabinet agenda item 17);

c)    Acquisition of New Affordable Homes for the Housing Revenue Account - To set out the details of the potential for the council to acquire 13 units of Affordable Rent tenure housing and 6 units of Shared Ownership on a development site in the district (Cabinet minute 50) (Cabinet agenda item 18).

Consideration was given to the report of the Cabinet which sought approval for the Cabinet’s recommendations:

a)     2019/20 Financial Report Quarter 2 – To provide information on the forecast full year financial position of the Council at 30 September 2019 (Cabinet minute 44/19) (Cabinet agenda item 11)

The Portfolio Holder – Finance introduced the report and asked members to note the following:

There was a forecast net overspend in the General Fund of £541,000.

There continued to be an increase in temporary accommodation spending as a result of the Homelessness Reduction Act 2018 of £280,000 year to date.

Income from Planning Applications was down by £300,000.

HRA is forecasting a £45,000 increase in its surplus budget.

General fund reserves were forecasting an overall decrease of £4.5 million as a result of funding the Planned General Fund Capital Programme.  The General Fund Reserve Balance remains at £2 million. The HRA General Reserve balance is forecasting an overall decrease of £5.7 million.

The Treasury Management briefing was well received with interest earned on investments at £223,000.

DECISION:

That the Housing Revenue Account Capital Programme be approved as set out in table 7 of Appendix A (of report to Cabinet 29 October 2019).

Lord Porter left the Chamber at 18.53.

b)     Acquisition of market dwellings to provide new affordable housing for the HRA – To provide details of the acquisition of seven open market houses on a development site within the district, to be provided as affordable housing (Cabinet minute 49) (Cabinet agenda item 17)

Councillor Drury introduced the report.  The appendices featured in this item were linked to the report of Agenda Item 9b. It was agreed that the item be considered in exempt session.

c)     Acquisition of New Affordable Homes for the Housing Revenue Account – To set out the details of the potential for the council to acquire 13 units of Affordable Rent tenure housing and 6 units of Shared Ownership on a development site in the district (Cabinet minute 50) (Cabinet agenda item 18).

Councillor Drury introduced the report.  The appendices featured in this item were linked to the report of Agenda Item 9c. It was agreed that the item be considered in exempt session.

Lord Porter returned to the Chamber at 18.57.