Decision Maker: CPH Housing Decision Session

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: Yes

Date of Decision: November 19, 2024

Purpose: To inform the Cabinet Member of the Portfolio’s latest forecast financial position as at 31st July 2024 against Revenue and Capital budgets.

Content: The Cabinet Member RESOLVED:   (i)  To note the current financial position and actions being taken to address budget variances;   (ii)  To note the latest percentage Red, Amber and Green (RAG) ratings for the delivery of the (MTFS) savings 2024/25 to 2026/27;   (iii)  To approve an increase of £0.065 million to be paid to SCH as part of the SCH Revenue Management Fee from the HRA as detailed in paragraph 3.22 of the report.;   (iv)  To approve the use of HRA Revenue Reserves to fund £0.393 million in relation to the revised consumer regulations which came into effect in April 2024 as detailed in paragraph 3.24 of the report; and   (v)  To approve the removal of £9.002 million from the Solihull Community Housing (SCH) Capital Management Fee in relation to the new housing development at the Kingshurst Village Centre as detailed in paragraph 3.28 of the report.