Decision details

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.