Decision details

Housing Revenue Account, Quarter 3 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 £435,000 representing 0.82 per cent of the gross HRA budget.


          (ii)        A favourable non-operational variance of £3,379,000 representing 6.83 per cent of gross HRA budget which includes adjustments to capital programme financing as a result of the re-alignment of budgets in the housing capital programme which reduces the anticipated direct revenue contribution required in 2018/19.


B    Noted the forecast balances at 31 March 2019, of £13,307,000in respect of the HRA and nil in respect of the Major Repairs Reserve (MRR).

Report author: Simon Freeman

Publication date: 29/03/2019

Date of decision: 28/03/2019

Decided at meeting: 28/03/2019 - Cabinet

Accompanying Documents: