Decision details
Housing Revenue Account Capital Programme - Virement of Budgets
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: No
Purpose:
Report on anticipated outturn on HRA capital
programme and request virement of budgets within the programme to
reflect outturn position.
Decisions:
The Report of the Portfolio Holder for Quality of Life setting out the outturn forecast for the housing capital programmes and seeking approval for virements within the budget to address various areas of under and over spends resulting from changes in the programme to meet demands and identifying an overall overspend across the whole capital programme, caused in the main by having to undertake essential works with a higher than anticipated asbestos removal costs predominately due to changes in legislation in year was considered.
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RESOLVED: |
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That: |
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1 |
The anticipated housing capital programme outturn be noted, and; |
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2 |
The following virements be approved: Increase Bathroom budget by £29,380 Reduce Electrical Budget by £105,980 Increase Kitchen Budget by £154,130 Reduce Roofing Budget by £6,690 Reduce Structural Budget by £27,000 Reduce Lift Installation Budget by £22,120 Reduce External Works Budget by £3,900 Increase Disabled Adaptations Budget by £72,580 Increase Insulation Budget by £3,630 |
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3 |
The anticipated overspend of £94,030 across the whole budget be noted. |
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(Moved by Councillor M Oates and seconded by Councillor J Garner) |
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Report author: Paul Weston
Publication date: 22/03/2012
Date of decision: 14/03/2012
Decided at meeting: 14/03/2012 - Cabinet
Accompanying Documents:
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