Decision details

Housing Revenue Account Budget Monitoring Quarter 2, 2015/16

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: No


RESOLVED that Cabinet:


A     Acknowledges the projected outturn position set out in the report as at the end of the second quarter of 2015/16 as follows:


(i)    A favourable variation on operational/controllable budgets of £790,000 representing 1.38% of the gross Housing Revenue Account (HRA) budget.


(ii)  A total projected underspend of £2,861,000 representing 4.95% of the gross HRA budget.


B    Notes the forecast balances at 31 March 2016, of £7,006,000 in respect of the Housing Revenue Account and nil in respect of the Major Repairs Reserve (as identified in Appendix C of the report submitted).

Report author: Simon Freeman

Publication date: 11/12/2015

Date of decision: 10/12/2015

Decided at meeting: 10/12/2015 - Cabinet

Accompanying Documents: