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:
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