Decision details

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).