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Decision details

Virement of Housing Revenue Account Capital Budgets

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: No


This reports seeks approval to vire monies between Housing Revenue Account capital budgets to allow additional property acquisitions to take place.


The Portfolio Holder for Housing Services and Communities sought approval to Vire Budgets within the Housing Revenue Account capital programme to allow identified underspends to be used to acquire additional properties under the Housing Acquisitions Programme



That Cabinet Members approved the following Budget Virement:




Reduction of the  of the following budgets totalling £1,500,000:-

a)    Other Regeneration [CR7003] £900,000

b)    Structural [CR2001] £100,000

c)    Heating [CR2003] £150,000

d)    Neighbourhood Regeneration [CR2007] £250,000

e)    Rewiring [CR2009] £100,000




Increase the Housing Acquisitions Budget [CR7004] by £1,500,000 from the under spends identified above.




(Moved by Councillor M Cook and seconded by Councillor D Cook)


Report author: Paul Weston

Publication date: 04/03/2020

Date of decision: 22/01/2020

Decided at meeting: 22/01/2020 - Cabinet

Accompanying Documents: