Decision details

Housing Revenue Account, Quarter 1 Finance Report 2019/20

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No


RESOLVED that Cabinet:


A     Noted:


i)              A favourable variation against the approved Housing Revenue Account (HRA) operational/controllable budget of £140,000 representing (-)0.02 per cent of the gross HRA budget.


ii)             An unfavourable non-operational variance of £3,200,000 representing 0.57 per cent of gross HRA budget which includes adjustments to housing capital programme financing as a result of the re-alignment of budgets and changes to proposed funding which increases the anticipated direct revenue contribution required in 2019/20.


B     Noted the forecast balance at 31 March 2020, of £3,983,000 in respect of the HRA and nil in respect of the Major Repairs Reserve (MRR).





Report author: Simon Freeman

Publication date: 13/09/2019

Date of decision: 12/09/2019

Decided at meeting: 12/09/2019 - Cabinet

Accompanying Documents: