Decision details

RESOLVED that Cabinet:

A     Noted:

             i)        An unfavourable variation against the approved Housing Revenue Account (HRA) operational/controllable budget of £956,000 representing 1.8 percent of the gross HRA budget.

            ii)        An unfavourable non-operational variance of £4,104,000 representing   7.72 percent of gross HRA budget which includes adjustments to capital programme financing as a result of the carryovers from 2017/18 and other adjustments.

B    Noted the forecast balances at 31 March 2019, of £5,304,000in respect of the HRA and nil in respect of the Major Repairs Reserve (MRR).