Housing Revenue Account, Quarter 2 Finance Report 2017/18
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
RESOLVED that Cabinet:
(i) An unfavourable variation against the approved Housing Revenue Account (HRA) operational /controllable budget of £486,000 representing 0.92 percent of the gross HRA budget.
(ii) An unfavourable non-operational variance of £4,073,000 representing 7.69 percent of the gross HRA budget which includes adjustments to capital programmes financing as a result of an updated outturn position for 2016/17 and reflecting the urgent need to reprioritise the programme.
B Noted the forecast balances at 31 March 2018, of £5,636,000 in respect of the Housing Revenue Account and nil in respect of the Major Repairs Reserve.
Report author: Simon Freeman
Publication date: 08/12/2017
Date of decision: 07/12/2017
Decided at meeting: 07/12/2017 - Cabinet