Issue - decisions

Housing Revenue Account, Quarter 3 2015/16

01/04/2016 - Housing Revenue Account Budget, Quarter 3 2015/16



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.