Housing Revenue Account, Quarter 2 Finance Report 2018/19
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 HRA operational /controllable budget of £867,000 representing 1.63 per cent of the gross Housing Revenue Account (HRA) budget.
ii) A favourable non-operational variance of £660,000 representing 1.24 per cent of gross HRA budget which includes adjustments to capital programme financing as a result of the re-alignment of budgets in the housing capital programme which increases the anticipated direct revenue contribution required in 2018/19.
B Noted the forecast balances at 31 March 2019, of £10,157,000in respect of the HRA and nil in respect of the Major Repairs Reserve (MRR).
Report author: Simon Freeman
Publication date: 07/12/2018
Date of decision: 06/12/2018
Decided at meeting: 06/12/2018 - Cabinet