Agenda item
Financial update for the six months to 30 September 2017 (00:13:14)
- Meeting of Homes Policy Development Group, Tuesday, 14th November, 2017 2.15 pm (Item 39.)
- View the background to item 39.
To receive a report from the Director of Finance, Assets & Resources presenting a financial update in respect of the income and expenditure so far in the year.
Minutes:
The Group had before it, and NOTED, a report * from the Director of Finance, Assets & Resources presenting a financial update in respect of the income and expenditure so far in the year.
The following was highlighted within the report and discussion followed with regard to:
· There was a General Fund Housing variance of £5k
· There was a shortfall of £59k on dwelling rents income but it was explained that this was only a variance of 0.5% on what was expected at this stage in the year.
· There was a £76k underspend in Repairs and Maintenance.
· Agency costs were sometimes incurred as a result of seasonal repairs and maintenance pressures.
· It was clarified that ‘RCCO’ stood for ‘Revenue Contribution to Capital Operations’.
Note: * Report previously circulated; copy attached to the signed minutes.
Supporting documents:
- Monitoring month 6 - Final to Sally 17-10-17, item 39. PDF 285 KB
- AppA, item 39. PDF 23 KB
- AppB, item 39. PDF 27 KB
- AppB1, item 39. PDF 24 KB
- AppB2, item 39. PDF 187 KB
- AppC, item 39. PDF 18 KB
- AppD, item 39. PDF 19 KB
- AppE, item 39. PDF 16 KB
- AppF, item 39. PDF 12 KB
- AppG, item 39. PDF 181 KB