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
Purpose:
This reports seeks approval to vire monies
between Housing Revenue Account capital budgets to allow additional
property acquisitions to take place.
Decisions:
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
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RESOLVED |
That Cabinet Members approved the following Budget Virement:
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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
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Increase the Housing Acquisitions Budget [CR7004] by £1,500,000 from the under spends identified above.
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(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:
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