Decision Maker: Mid Suffolk Cabinet
Decision status: Recommendations approved
Is Key decision?: Yes
Is subject to call in?: Yes
To note the Outturn position for the HRA Fund and approve transfers to reserves.
It was RESOLVED: -
1.1 That the 2021/22 HRA financial outturn as set out in this report be noted.
1.2 That the transfer of £113k, being the HRA revenue surplus for the year (£11k more than planned) as per paragraph 6.4, to the Strategic Priorities Reserves be approved.
1.3 That the HRA capital carry-forward requests referred to in paragraph 6.19 of this report totalling£24.631m 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:
2.1 Transfer funds of £113k to the Strategic Priorities earmarked reserve and not support the carry forward of £24.631m HRA Capital costs. This is not the recommended option because there would be insufficient capital resources available in 2022/23 to complete the schemes in progress.
Any Declarations of Interests Declared: None
Any Dispensation Granted: None
Publication date: 05/07/2022
Date of decision: 04/07/2022
Decided at meeting: 04/07/2022 - Mid Suffolk Cabinet
Effective from: 13/07/2022
Accompanying Documents: