Decision details

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.