skip navigation
MyAccount
Mobile Site
Full Site
Accessibility
Contact Us
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z


Home
Pay for it Apply for it Report it Latest News What's On

You are here: Home / About The Council / Issue

Quick Links

 Meetings, agendas and minutes

 Calendar

 Committees

 Constitution

 Election Results

 Decisions

 ePetitions

 Notice of Key Decisions

 Library

 Meetings

 Outside bodies

 Search documents

 Subscribe to updates

 What's new

 Your Councillors

 Your County Councillors

 Your MEPs

 Your MPs

Issue details

General Fund and Housing Revenue Account Outturn 2015/16

This report provides the Executive with details of the actual revenue expenditure for 2015/16 for the General Fund and Housing Revenue and Repairs accounts and seeks approval for the completion, in 2016/17, of the 2015/16 expenditure programmes set out in the briefing paper contained in the report.

 

The General Fund actual revenue expenditure for 2015/16 totals £9,107,305 which represents an overall saving of £67,295 when compared to the revised budget.

 

However, it has not been possible to complete a number of expenditure programmes in 2015/16 and approval is sought to complete these programmes totalling £260,700 during 2016/17. When the use of the saving in 2015/16 to complete these programmes is taken into account, along with financing adjustments, the net underspend for the year is £13,790.

 

The final figures for 2015/16 show that, overall, there was a surplus of £2,912,000 on the Housing Revenue and Repairs Account (HRA). This was less than expected in the revised budget, so £1,163,000 of the general HRA reserve has been used, on top of the in-year surplus, to put aside earmarked reserves to fund the building of new homes and repay the debt we took on in 2012.

Decision type: Key

Decision status: Recommendations Approved

Notice of proposed decision first published: 10/06/2016

: Finance Strategy;

Decision due: 11 Jul 2016 by Executive

Lead member: Executive Member for Policy & Resources

Lead director: Director of Finance & Resources

Contact: Caroline Hancock Email: chancock@fareham.gov.uk.

Background Papers: File of papers

Decisions

Agenda items

 

 




Browse

Follow us

Facebook Twitter You Tube Flickr

View Fareham
Today online





Fareham Borough Council, Civic Offices, Civic Way, Hampshire, PO16 7AZ
Tel: +44 (0) 1329 236100 | Mobile Text/Photo: 07860 098627 | Fax: +44 (0) 1329 821770
Read page with Browse Aloud GOV.UK Get Safe Online
Fareham Borough Council: List of RSS Feeds