Decision details

RESOLVED that Cabinet:

A     Acknowledged the Housing Revenue Account (HRA) outturn for 2018/19 as set out in the report as follows:

             i)        An unfavourable variation against the current budget adjusted for carryovers on operational/controllable budgets of £121,000 representing (-)0.23 per cent of the gross HRA budget.

            ii)        A total projected underspend of £3,367,000 representing 7.28 per cent of the gross HRA budget.

B    Noted working balances at 31 March 2019 of £13,731,000 in respect of the HRA and nil in respect of the Major Repairs Reserve (MRR) are noted.

C    Recognised the operational performance that has been achieved across all Council services during 2018/19.