Decision details

Housing Revenue Account, Quarter 1 Finance Report 2016/17

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No


 RESOLVED that Cabinet:


A         Acknowledges:


(i) A favourable variation against the approved HRA operational/controllable budget of £150,000 representing 0.29% of the gross Housing Revenue Account (HRA) budget.


(ii) A total projected overspend of £3,215,000 representing 6.14% of the gross HRA budget. The variation is directly associated with adjustments to capital programme financing as a result of the agreed outturn from 2015/16 (paragraph 3).


B         The forecast balances at 31 March 2017, of £6,800,000 in respect of the Housing Revenue Account and nil in respect of the Major Repairs Reserve (as identified in Appendix C) are noted.

Report author: Simon Freeman

Publication date: 19/09/2016

Date of decision: 15/09/2016

Decided at meeting: 15/09/2016 - Cabinet

Accompanying Documents: