Decision details

RESOLVED that:

A     Cabinet acknowledges the projected outturn position set out in the report submitted as at 3 January 2016 as follows:

(i)    A favourable variation against the original estimate on operational/controllable budgets of £1,489,000 representing 2.60% of the gross Housing Revenue Account (HRA) budget.

(ii)  A total projected underspend of £6,632,000 representing 11.50% of the gross HRA budget.

B    The forecast balances at 31 March 2016, of £10,777,000 in respect of the Housing Revenue Account and nil in respect of the Major Repairs Reserve (as identified in Appendix C of the report submitted) are noted.