YHN Delivery Plan 2012-13 - Your Homes Newcastle
YHN Delivery Plan 2012-13 - Your Homes Newcastle
YHN Delivery Plan 2012-13 - Your Homes Newcastle
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Appendix 2- Housing Revenue Account/<strong>Your</strong> <strong>Homes</strong> <strong>Newcastle</strong> Budgets for2011/12 and <strong>2012</strong>/<strong>13</strong>Summary of the HRA Revenue Budget PositionTable 1 shows the 2011-12 Revised budget position as at January <strong>2012</strong>:BudgetBase budget2011-12Revisedbudget 2011-12Variationfrom Basebudget£m's £m's £m's %HRA Income (<strong>13</strong>1.2) (127.6) 3.6 -2.7HRA Expenditure 129.8 125.6 (4.2) -3.2HRA Deficit / (Surplus) (1.4) (2.0) (0.6)Capital projects funded from HRA 1.6 1.6NET HRA Deficit / (Surplus) (0.4) 1.0HRA expenditure includes:<strong>YHN</strong> Management Fee 30.7 29.8 (0.9) -3.1* Table 1 shows a £1.6m contribution to the Capital Investment Programme.<strong>2012</strong>-<strong>13</strong> Base budget positionTable 2- shows the <strong>2012</strong>-<strong>13</strong> projected base Budgets as at January <strong>2012</strong>:BudgetBase budget2011-12Base budget<strong>2012</strong>-<strong>13</strong>Variationfrom Basebudget£m's £m's £m's %HRA Income (<strong>13</strong>1.2) (118.7) 12.5 -9.5HRA Expenditure 129.8 111.4 (18.4) -14.2HRA Deficit / (Surplus) (1.4) (7.3) (5.9)Capital projects funded from HRA - 7.5 7.5NET HRA Deficit / (Surplus) (1.4) 0.2 1.6HRA expenditure includes:<strong>YHN</strong> Management Fee 30.7 29.0 (1.7) -5.7* Table 2 shows a small deficit position on the HRA due to a £7.5M contribution to theCapital Investment Programme95
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