Issue - meetings

To provide the Executive Member with updates and progress on Housing Revenue Account Service Plan agreed from April 2006. A separate report details the Housing General Fund.

 (i)        That the progress and achievements made in delivering the HRA Service Plan during the first quarter of 2006/07 be noted.

Members received a report which provided them with updates and progress on Housing Revenue Account (HRA) Service Plan agreed from April 2006.

The report advised that the original 2006/07 budget reported to Members on 6^th February 2006 had a working balance of £4,513k. After a number of budget adjustments, including the allocation of recharges and insurances, the balance on the HRA was now estimated to be £4,568k. The net variations of £245k together with the budgeted balance of £4,568k now gave a total estimated balance on the HRA of £4,813k. As part of the budget process Members agreed growth items of £66k and savings of £244k. A review indicated that all growth was currently on target. The savings relating to the repairs partnership (£20k) were being closely monitored to ensure they could be achieved by the end of the financial year.

The Head of Housing Services reported that the HRA Business Plan was currently being updated and would be brought back to the December 2006 meeting of the Executive Member and Advisory Panel (EMAP).

The Executive Member for Housing thanked staff for their hard work delivering the achievements set out in the report.

Advice of the Advisory Panel

That the Executive Member for Housing be advised:

(i)         That the progress and achievements made in delivering the HRA Service Plan during the first quarter of 2006/07 be noted.

Decision of the Executive Member for Housing

RESOLVED:             That the advice of the Advisory Panel as set out above be accepted and endorsed.

REASON:                  To inform the Executive Member on progress on the service plan and progress against objectives.