The Strategic Finance Manager for the Housing  Company has submitted a report  which covers performance for the first half of 2019/20 and comments on the effect of the most recent updates made to the approved 10 year Strategic Development Plan. Performance impact is discussed in the body of the report but also exemplified via a series of dashboards displaying data and performance on operational activities, development and acquisition progress and finally financial performance. The areas selected for measurement and comment represent the initial suggested points of interest, however it is hoped and expected overtime that the company Shareholder will identify other areas of interest for future assessment so this report continues to be valuable and fit for purpose for all concerned.

Recommendations:That the Shareholder  and Joint Venture Group resolves to:

1.    Note the contents of the report discussing current performance across the main areas of activity i.e. operations, development and finance.

2.    Note the revised draft Business Plan schedule of projects at Appendix 1.

3.    Note the contents within the series of dashboards across the remaining appendices and provide comment and feedback for future reporting.

Cllr Tidball left at the end of this item

The Strategic Finance Manager introduced the report which focussed on three areas of activity: operational; development and acquisition; finance.

The Shareholder and Joint Venture Group resolved to:

1.    Note the contents of the report discussing current performance across the main areas of activity i.e. operations, development and finance;

2.    Note the revised draft Business Plan schedule of projects at Appendix 1; and

3.    Note the contents within the series of dashboards across the remaining appendices subject to the comments noted above.

Purpose of report:

This report incorporates and seeks to measure the impact of the most recent changes made to the previous approved development programme within OCHL’s current Business Plan (BP). The Risk Register is undergoing a significant review given the change in strategic development, accelerated programme activity and future partnering arrangements and this will be reported at the next meeting. Furthermore, a series of development Key Performance Indicators (KPI’s) along with several financial performance measures are being identified and collated for reporting in future OCHL performance reports to the Shareholder meetings for review, comment and feedback.

Recommendations: that the Shareholder and Joint Venture Group resolves to:

1.      Note the revised development modelling (dashboards), financial performance and financial position of OCHL’s combined activities.

2.      Note the revised draft Business Plan schedule of projects at Appendix 1.

3.      Note the impact of the proposed 10 year development programme will have on OCHL activity and debt redemption possibilities, OGD social rented dwelling delivery, HRA headroom borrowing, future OCHL MTFP obligations and new build numbers.

The report is public. The three appendices are private as they include matters considered to be commercially sensitive and relating to the finance or business affairs of the Council, the companies, and other third-parties.

Councillor Linda Smith left at the start of this item.

The Group discussed a report and exempt appendices setting out the impact of the most recent changes made to the previous approved development programme within OCHL’s current Business Plan; proposals for Key Performance Indicators (KPI’s); and financial performance measures.

The Shareholder and Joint Venture Group agreed the note the report.