Issue - meetings
Housing Revenue Account, Quarter 3 2015/16
Meeting: 31/03/2016 - Cabinet (Item 124)
124 Housing Revenue Account Budget, Quarter 3 2015/16 
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Decision:
RESOLVED that:
A Cabinet acknowledges the projected outturn position set out in the report submitted as at 3 January 2016 as follows:
(i) A favourable variation against the original estimate on operational/controllable budgets of £1,489,000 representing 2.60% of the gross Housing Revenue Account (HRA) budget.
(ii) A total projected underspend of £6,632,000 representing 11.50% of the gross HRA budget.
B The forecast balances at 31 March 2016, of £10,777,000 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) are noted.
Minutes:
The Cabinet received a report that reviewed the Council’s performanceagainst its approved Housing Revenue Account for Quarter Three 2015/16.
Proposed by Councillor Jon Clempner (seconded by Councillor Rod Truan) it was:
RESOLVED that:
A Cabinet acknowledges the projected outturn position set out in the report submitted as at 3 January 2016 as follows:
(i) A favourable variation against the original estimate on operational/controllable budgets of £1,489,000 representing 2.60% of the gross Housing Revenue Account (HRA) budget.
(ii) A total projected underspend of £6,632,000 representing 11.50% of the gross HRA budget.
B The forecast balances at 31 March 2016, of £10,777,000 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) are noted.