Issue - meetings
Housing Revenue Account, Quarter 2 Finance Report 2015/16
Meeting: 10/12/2015 - Cabinet (Item 67)
67 Housing Revenue Account Budget Monitoring Quarter 2, 2015/16 
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Decision:
RESOLVED that Cabinet:
A Acknowledges the projected outturn position set out in the report as at the end of the second quarter of 2015/16 as follows:
(i) A favourable variation on operational/controllable budgets of £790,000 representing 1.38% of the gross Housing Revenue Account (HRA) budget.
(ii) A total projected underspend of £2,861,000 representing 4.95% of the gross HRA budget.
B Notes the forecast balances at 31 March 2016, of £7,006,000 in respect of the Housing Revenue Account and nil in respect of the Major Repairs Reserve (as identified in Appendix C of the report submitted).
Minutes:
The Cabinet received a report that reviewed the Council’s performance
against its approved Housing Revenue Account for Quarter Two 2015/16.
Proposed by Councillor Jon Clempner (seconded by Councillor Jean Clark) it was:
RESOLVED that Cabinet:
A Acknowledges the projected outturn position set out in the report as at the end of the second quarter of 2015/16 as follows:
(i) A favourable variation on operational/controllable budgets of £790,000 representing 1.38% of the gross Housing Revenue Account (HRA) budget.
(ii) A total projected underspend of £2,861,000 representing 4.95% of the gross HRA budget.
B Notes the forecast balances at 31 March 2016, of £7,006,000 in respect of the Housing Revenue Account and nil in respect of the Major Repairs Reserve (as identified in Appendix C of the report submitted).