Babergh and Mid Suffolk District Councils
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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: