Decision details

Housing Revenue Account, Quarter 1 Finance Report 2018/19

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No


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).

Report author: Simon Freeman

Publication date: 14/09/2018

Date of decision: 13/09/2018

Decided at meeting: 13/09/2018 - Cabinet

Accompanying Documents: