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.
Decision type: Non-key
Decision status: Recommendations Approved
Decision due: 8 Jul 2013 by Executive
Lead member: Executive Member for Policy & Resources
Lead director: Director of Finance & Resources
Contact: Caroline Hancock Email: chancock@fareham.gov.uk.