Decision details

Housing Revenue Account, Quarter 3 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 £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).

Report author: Simon Freeman

Publication date: 26/03/2018

Date of decision: 22/03/2018

Decided at meeting: 22/03/2018 - Cabinet

Accompanying Documents: