Issue - decisions

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).