Decision details

The purpose of this report is to provide the Executive with the details of the actual expenditure and income for 2012/13 in the Housing Revenue and Repairs Accounts.

The final figures for 2012/13 show that, overall, the actual deficit on the Housing Revenue Account and Housing Repairs Account is £455,000 compared to a forecast deficit of £220,000.  Of this, £554,000 relates to non-capitalised repairs from the capital programme.  However, if the requested carry forwards are agreed then the deficit will increase to £751,200. 

The briefing paper attached to this report explains the actual financial position for 2012/13, together with the reasons for the significant variances when compared with the revised budget, which was agreed by the Executive in February 2013.

RESOLVED that the Executive approves:

(a)       that the balances on the Housing Revenue and Repairs Accounts as at 31 March 2013 be carried over to 2013/14; and

(b)       that the following budgets be carried forward:

(i)      £122,900 Asbestos Survey

(ii)     £98,500 Disabled Modifications

(iii)    £45,900 External Decorations

(iv)    £28,900 Gas Servicing.