Issue - items at meetings - Housing Revenue Account 2007 / 08 Final Outturn and Forecast Outturn for 2008 / 09
navigation and tools
Find it
You are here - Home : Council and Democracy : Councillors and Committees : Decision details : Issue
Issue - meetings
Housing Revenue Account 2007 / 08 Final Outturn and Forecast Outturn for 2008 / 09
Meeting: 12/11/2008 - Housing Cabinet Member Meeting (Item 65)
65 Housing Revenue Account 2007 / 08 Final Outturn and Forecast Outturn for 2008 / 09 PDF 86 KB
Report of the Director of Adult Social Care & Housing (copy attached)
Additional documents:
- Item 65 HRA 0708 Outturn Hsg Cabinet Report Appendix 1, item 65 PDF 48 KB
- Item 65 HRA 0708 Outturn Hsg Cabinet Report Appendix 2, item 65 PDF 55 KB
Decision:
1) To note that the final outturn for the HRA for 2007/08 was an underspend of £1.310 million compared to the budgeted position of a small surplus of £0.129 million. This represents a variance of 2.99% of the gross revenue budget of £43.463 million. General HRA revenue reserves have increased by £1.439 million to £5.615 million as at 31 March 2008.
2) To note that the earmarked revenue reserves for the Estate Development Budget (EDB) were £34,000 at 31st March 2008
3) To note the forecast breakeven position for 2008/09 as at Month 4 which included an additional contribution from HRA reserves to fund additional energy costs.
Minutes:
65.1 The Cabinet Member considered a report of the Director of Adult Social Care & Housing that provided information about the Housing Revenue Account (HRA) 2007/08 final outturn and the forecast outturn for 2008/09 as at Month 4 (for copy see minute book).
65.2 RESOLVED – (1) To note that the final outturn for the HRA for 2007/08 was an underspend of £1.310 million compared to the budgeted position of a small surplus of £0.129 million. This represents a variance of 2.99% of the gross revenue budget of £43.463 million. General HRA revenue reserves have increased by £1.439 million to £5.615 million as at 31 March 2008.
65.3 (2) To note that the earmarked revenue reserves for the Estate Development Budget (EDB) were £34,000 at 31st March 2008
65.4 (3) To note the forecast breakeven position for 2008/09 as at Month 4 which included an additional contribution from HRA reserves to fund additional energy costs.