Decision Maker: Babergh Cabinet
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
It was RESOLVED:-
1.1 That the 2019/20 financial outturn as set out in the report be noted.
1.2 That the transfer of £1.506m, being the HRA surplus for the year (£1.699m more than planned) per paragraph 5.5 of the report, to the Strategic Priorities Reserves be approved.
1.3 That the HRA Capital carry-forward requests referred to in paragraphs 5.12 and 5.13 of the report totalling£17.340m be approved.
Reason for Decision: To ensure that Members are kept informed of the outturn position for both Housing Revenue and Capital and to approve earmarked reserve transfers and carry forward requests.
Alternative Options Considered and Rejected:
1.1. Transfer funds of £1.056m to the Strategic Priorities earmarked reserve.
1.2. To recommend the carry forward of £17.340m HRA Capital costs.
Any Declarations of Interests Declared: None
Any Dispensation Granted: None
Publication date: 07/07/2020
Date of decision: 06/07/2020
Decided at meeting: 06/07/2020 - Babergh Cabinet
Effective from: 15/07/2020
Accompanying Documents: