Decision details

Housing Revenue Account, Quarter 2 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 £486,000 representing 0.92 percent of the gross HRA budget.


          (ii)        An unfavourable non-operational variance of £4,073,000 representing 7.69 percent of the gross HRA budget which includes adjustments to capital programmes 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 £5,636,000 in respect of the Housing Revenue Account and nil in respect of the Major Repairs Reserve.

Report author: Simon Freeman

Publication date: 08/12/2017

Date of decision: 07/12/2017

Decided at meeting: 07/12/2017 - Cabinet

Accompanying Documents: