Decision details

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).