Housing Revenue Account, Quarter 1 Finance Report 2019/20
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
RESOLVED that Cabinet:
i) A favourable variation against the approved Housing Revenue Account (HRA) operational/controllable budget of £140,000 representing (-)0.02 per cent of the gross HRA budget.
ii) An unfavourable non-operational variance of £3,200,000 representing 0.57 per cent of gross HRA budget which includes adjustments to housing capital programme financing as a result of the re-alignment of budgets and changes to proposed funding which increases the anticipated direct revenue contribution required in 2019/20.
B Noted the forecast balance at 31 March 2020, of £3,983,000 in respect of the HRA and nil in respect of the Major Repairs Reserve (MRR).
Report author: Simon Freeman
Publication date: 13/09/2019
Date of decision: 12/09/2019
Decided at meeting: 12/09/2019 - Cabinet