Decision details
Decision Maker: Babergh Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
To note the outturn positions and approve the carry forward requests
Decision:
It was RESOLVED:-
1.1 That the 2020/21 HRA financial outturn as set out in this report benoted.
1.2 That the transfer of £2.941m, being the HRA revenue surplus for the year (£2.607m more than planned) as per paragraph 6.4, to the Strategic Priorities Reserve be approved.
1.3 That the HRA capital carry-forward requests referred to in paragraph 6.18 of this report totalling £10.323m be approved.
Reason for Decision:-
To ensure that Members are kept informed of the outturn position for both HousingRevenue andCapital andto approveearmarked reservetransfers and carry forwardrequests.
Alternative Options Considered and Rejected: Transfer funds of £2.941m to the Strategic Priorities earmarked reserve and not support the carry forward of £10.323m HRA capital costs. This was not the recommended option because there would be insufficient capital resources available in 2021/22 to complete the schemes in progress.
Any Declarations of Interests Declared: None
Any Dispensation Granted: None
Publication date: 02/08/2021
Date of decision: 02/08/2021
Decided at meeting: 02/08/2021 - Babergh Cabinet
Effective from: 11/08/2021
Accompanying Documents: