Decision details

RESOLVED that Cabinet:

A     Noted:

             i)        An unfavourable variation against the approved Housing Revenue Account (HRA) operational/controllable budget of £266,000 representing 0.5 percent of the gross HRA budget.

            ii)        A favourable non-operational variance of £5,094,000 representing 9.62 percent of gross HRA budget which includes adjustments to capital programme financing as a result of an updated outturn position for 2017/18 and reflecting the reprioritised programme.

B    Noted the forecast balances at 31 March 2018, of £15,022,000 in respect of the HRA and nil in respect of the Major Repairs Reserve (MRR).