Decision details

Housing Revenue Account Outturn Report 2015/16

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No


RESOLVED that Cabinet:


A     Acknowledges the HRA outturn for 2015/16 as set out in the report as follows:


(i)            a favourable variation against the original budget adjusted for carryovers on operational/controllable budgets of £2,305,000 representing 3.98% of the gross Housing Revenue Account (HRA) budget


(ii)          A total projected underspend of £8,154,000 representing 14.06% of the gross HRA budget.


B    Notes the balances at 31 March 2016, of £12,298,000 in respect of the Housing Revenue Account and nil in respect of the Major Repairs Reserve (as identified in Appendix C).


C    Approves carryovers of £315,000 as detailed in paragraph 32 of this report to meet commitments from 2015/16.


D    Recognises the operational performance that has been achieved across all Council services during 2015/16.

Report author: Simon Freeman

Publication date: 22/07/2016

Date of decision: 21/07/2016

Decided at meeting: 21/07/2016 - Cabinet

Accompanying Documents: