The Senior Finance Manager introduced a report that provided a summary of the projected year-end revenue and capital position for Housing Committee as at the end of Quarter 3 (to December 2021) of the 2021/22 financial year. The report provided Members with an overview of budget performance to enable the Committee to take ownership of their specific budgets and provide robust challenge and scrutiny to Officers on the performance of those budgets.

Members asked a range of questions on compulsory purchase monies, the order that financial items are dealt with on committee agendas and selective licensing.

Resolved – That:

1.  The projected year-end revenue forecast variance of £0.059m favourable position as reported at quarter 3 (Oct-Dec) of 2021-22 be noted;

2.    Progress on the achievement of approved savings and the projected year-end forecast position at quarter 3 (Oct-Dec) of 2021-22 be noted;

3.    The reserves allocated to the Committee for future one-off commitments be noted; and

4.    The projected year-end capital forecast expenditure position of £7.669m as reported at quarter 3 (Oct-Dec) of 2021-22 be noted.