Issue - meetings

Housing Revenue Account Outturn Report 2017/18

Meeting: 19/07/2018 - Cabinet (Item 30)

30 Housing Revenue Account Outturn Report 2017/18 pdf icon PDF 252 KB

Additional documents:

Decision:

RESOLVED that Cabinet:

 

A       Acknowledged the HRA outturn for 2017/18 as set out in the report as follows:

 

i)    A favourable variation against the original budget adjusted for carryovers on operational/controllable budgets of £679,000 representing (-)1.28 percent of the gross Housing Revenue Account (HRA) budget.

 

ii)  A total projected underspend of £3,908,000 representing (-)7.38 percent of the gross HRA budget.

 

B      Noted working balances at 31 March 2018 of £14,104,000 in respect of the Housing Revenue Account and nil in respect of the Major Repairs Reserve.

 

C      Approved carryovers of £222,000, as detailed in paragraphs 32 and 33 of the report, to meet commitments from 2017/18.

 

D      Recognised the operational performance that has been achieved across all Council services during 2017/18.

Minutes:

The Cabinet received a report that summarised the year-end 2017/18 position of the Housing Revenue Account and proposed some carryovers into 2018/19.

 

Proposed by Councillor Mark Wilkinson (seconded by Councillor Mike Danvers) it was:

 

RESOLVED that Cabinet:

 

A       Acknowledged the HRA outturn for 2017/18 as set out in the report as follows:

 

i)    A favourable variation against the original budget adjusted for carryovers on operational/controllable budgets of £679,000 representing (-)1.28 percent of the gross Housing Revenue Account (HRA) budget.

 

ii)  A total projected underspend of £3,908,000 representing (-)7.38 percent of the gross HRA budget.

 

B      Noted working balances at 31 March 2018 of £14,104,000 in respect of the Housing Revenue Account and nil in respect of the Major Repairs Reserve.

 

C      Approved carryovers of £222,000, as detailed in paragraphs 32 and 33 of the report, to meet commitments from 2017/18.

 

D      Recognised the operational performance that has been achieved across all Council services during 2017/18.