Decision details

RESOLVED that Cabinet:

A     Notes:

                    (i)        A favourable variation against the approved Housing Revenue Account (HRA) operational/controllable budget of (-)£508,000 representing (-)0.90 percent of the gross HRA budget.

                  (ii)        A favourable non-operational variance of (-) £3,588,000 representing (-)6.39 percent of gross HRA budget which includes adjustments to capital programme financing as a result of the revised outturn for 2016/17.

B    Notes the forecast balances at 31 March 2017, of £10,287,000 in respect of the Housing Revenue Account and nil in respect of the Major Repairs Reserve.