Decision details

Housing Revenue Account, Quarter 1 Finance Report 2017/18

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No


RESOLVED that Cabinet:


A     Noted:


            (i)        An unfavourable variation against the approved Housing Revenue Account (HRA) operational /controllable budget of £297,000 representing 0.56 percent of the gross HRA Budget.


          (ii)        An unfavourable non-operational variance of £3,801,000 representing (-)7.19 percent of  the gross HRA Budget which includes adjustments to capital programme financing as a result of an updated outturn position for 2016/17 and reflecting the urgent need to reprioritise the programme.


B    Noted the forecast balances at 31 March 2018, of £6,094,000 in respect of the Housing Revenue Account and nil in respect of the Major Repairs Reserve.

Report author: Simon Freeman

Publication date: 15/09/2017

Date of decision: 14/09/2017

Decided at meeting: 14/09/2017 - Cabinet

Accompanying Documents: