Issue - decisions

Housing Revenue Account, Quarter 3 Finance Report 2016/17

24/03/2017 - Housing Revenue Account, Quarter 3 Finance Report 2016/17

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.