Issue - meetings

Housing Revenue Account, Quarter 3 Finance Report 2016/17

Meeting: 23/03/2017 - Cabinet (Item 135)

135 Housing Revenue Account, Quarter 3 Finance Report 2016/17 pdf icon PDF 40 KB

Additional documents:

Decision:

RESOLVED that Cabinet:

 

A     Notes:

 

                    (i)        A favourable variation against the approved Housing Revenue Account (HRA) operational/controllable budget of (-508,000 representing (-)0.90 percent of the gross HRA budget.

 

                  (ii)        A favourable non-operational variance of (-) £3,588,000 representing (-)6.39 percent of gross HRA budget which includes adjustments to capital programme financing as a result of the revised outturn for 2016/17.

 

B    Notes the forecast balances at 31 March 2017, of £10,287,000 in respect of the Housing Revenue Account and nil in respect of the Major Repairs Reserve.

Minutes:

Cabinet received a report which provided an update on the Housing Revenue Account (HRA) for the third quarter of 2016/17 and asked that Cabinet noted variances in the HRA budget and the forecast budget of the HRA and Major Repairs Reserve.

 

Proposed by Councillor Mike Danvers (seconded by Councillor Jon Clempner) it was:

 

RESOLVED that Cabinet:

 

A     Notes:

 

                            (i)        A favourable variation against the approved Housing Revenue Account (HRA) operational/controllable budget of  (-)£508,000 representing (-)0.90 percent of the gross HRA budget.

 

                          (ii)        A favourable non-operational variance of (-) £3,588,000 representing (-)6.39 percent of gross HRA budget which includes adjustments to capital programme financing as a result of the revised outturn for 2016/17.

 

B    Notes the forecast balances at 31 March 2017, of £10,287,000 in respect of the Housing Revenue Account and nil in respect of the Major Repairs Reserve.