Decision details

RESOLVED that Cabinet:

A     Acknowledges the HRA outturn for 2014/15 of an underspend of £1,481,000 on operational budgets representing a 2.88% variance against the budget. The overall underspend for the year was £6,170,000 including accounting adjustments for the impairment of non dwelling stock representing a 12.01% variation.

B    Notes the Housing Revenue Account working balance of £10,870,000 and a nil balance on the Major Repairs Reserve at 31 March 2015.

C    Approves carryovers of £415,000 as detailed in paragraph 31 of the report submitted to meet commitments from 2014/15.

D    Recognises the operational performance that has been achieved during 2014/15.