Issue - meetings
Housing Revenue Account
Meeting: 17/09/2018 - The Executive (Item 8)
8 HRA Budget Monitoring, Quarter 1, 2018/19 
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To submit a report by a Head of Function (Resources)/Section 151 Officer.
Additional documents:
Decision:
It was resolved to note the position set out in respect of the financial performance of the Housing Revenue Account (HRA) for Quarter 1 along with the forecast outturn for 2018/19.
Minutes:
The report of the Head of Function (Resources)/Section 151 Officer outlining the financial performance of the Housing Revenue Account (HRA) at the end of Quarter 1 2018/19 was presented for the Executive’s consideration.
The Head of Function (Resources)/Section 151 Officer reported that the opening balance of the HRA Reserve stood at £7.407k. Expenditure of £6m was planned thereby bringing the reserve down to £1.3m. Due to slippage on capital expenditure the use of the HRA Reserve will be less than envisaged leaving a balance of £3.098m at the end of the financial year to fund future HRA expenditure.
It was resolved to note the position set out in respect of the financial performance of the Housing Revenue Account (HRA) for Quarter 1 along with the forecast outturn for 2018/19.