Decision details

Housing Revenue Account, Quarter 2 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 HRA operational /controllable budget of £867,000 representing 1.63 per cent of the gross Housing Revenue Account (HRA) budget.


            ii)        A favourable non-operational variance of £660,000 representing 1.24 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 increases the anticipated direct revenue contribution required in 2018/19.


B    Noted the forecast balances at 31 March 2019, of £10,157,000in respect of the HRA and nil in respect of the Major Repairs Reserve (MRR).

Report author: Simon Freeman

Publication date: 07/12/2018

Date of decision: 06/12/2018

Decided at meeting: 06/12/2018 - Cabinet

Accompanying Documents: