Report attached.

Appendix 5 to this report is exempt by virtue of paragraph 3 of the Access to

Information Procedure Rules set out in the Constitution pursuant to Schedule 12A Local Government Act 1972, as amended in that it contains information relating to the financial or business affairs of any particular person (including the authority holding that information). The public interest in maintaining the exemption outweighs the public interest in disclosing the information.

The Sub-Committee received a presentation on the business plan updates for the Housing Revenue Account. The update covered progress over the last 12 months, planned activity for the coming year, key financial movements, viability considerations and major risks.

The Sub-Committee noted the update and did not make any recommendations.