Issue - meetings

Housing Revenue Account Outturn Report 2016/17

Meeting: 20/07/2017 - Cabinet (Item 28)

28 Housing Revenue Account Outturn Report 2016/17 pdf icon PDF 58 KB

Additional documents:

Decision:

RESOLVED that Cabinet:

 

A     Acknowledges the HRA outturn for 2016/17 as set out in the report as follows:

 

             i)        A favourable variation against the original budget adjusted for carryovers on operational/controllable budgets of £1,173,000 representing 2.09 percent of the gross Housing Revenue (HRA) budget.

 

            ii)        A total projected underspend of £6,784,000 representing 12.08 percent of the gross HRA budget.

 

B    The balances at 31 March 2017 of £12,975,000 in respect of the Housing Revenue Account and nil in respect of the Major Repairs Reserve are noted.

 

C    Approve carryovers of £671,000 as detailed in paragraph 32 to meet commitments from 2016/17.

 

D    Recognises the operational performance that has been achieved across all Council services during 2016/17.

Minutes:

The Cabinet received a report that summarised the year-end 2016/17 position of the Housing Revenue Account and proposed some carryovers into 2017/18.

 

Proposed by Councillor Mike Danvers (seconded by Councillor Mark Wilkinson) it was:

 

RESOLVED that Cabinet:

 

A     Acknowledges the HRA outturn for 2016/17 as set out in the report as follows:

 

                             i)        A favourable variation against the original budget adjusted for carryovers on operational/controllable budgets of £1,173,000 representing 2.09 percent of the gross Housing Revenue (HRA) budget.

 

                            ii)        A total projected underspend of £6,784,000 representing 12.08 percent of the gross HRA budget.

 

B    The balances at 31 March 2017 of £12,975,000 in respect of the Housing Revenue Account and nil in respect of the Major Repairs Reserve are noted.

 

C    Approve carryovers of £671,000 as detailed in paragraph 32 to meet commitments from 2016/17.

 

D    Recognises the operational performance that has been achieved across all Council services during 2016/17.