Housing Revenue Account, Quarter 3 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 Housing Revenue Account (HRA) operational /controllable budget of £435,000 representing 0.82 per cent of the gross HRA budget.
(ii) A favourable non-operational variance of £3,379,000 representing 6.83 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 reduces the anticipated direct revenue contribution required in 2018/19.
B Noted the forecast balances at 31 March 2019, of £13,307,000in respect of the HRA and nil in respect of the Major Repairs Reserve (MRR).
Report author: Simon Freeman
Publication date: 29/03/2019
Date of decision: 28/03/2019
Decided at meeting: 28/03/2019 - Cabinet