Decision status: Recommendations approved
Is Key decision?: No
Is subject to call in?: Yes
MCa/18/38 – HOUSING REVENUE ACCOUNT (HRA) FINANCIAL MONITORING 2018/19 – APRIL TO AUGUST 2018
It was RESOLVED:-
1.1 That the potential or likely variations in relation to the HRA both Revenue and Capital compared to the Budget be noted.
1.2 That, subject to any further budget variations that arise during the rest of the financial year, the shortfall in funds of £555k, referred to in section 5.6 of the report, be noted;
1.3 That the revised 2018/19 Capital Programme referred to in Appendix A and section 5.10 be approved.
Reason for Decision: To ensure that Members are kept informed of the current budgetary position for both HRA Revenue and Capital Budgets.
Alternative Options Considered and Rejected:
a) Transfer funds of £555k from the Strategic Priorities reserve to support the deficit.
b) At this early stage in the year, make no recommendation for the transfer of funds from reserves.
Any Declarations of Interest declared: None
Any Dispensation Granted: None
Publication date: 07/11/2018
Date of decision: 05/11/2018
Decided at meeting: 05/11/2018 - Mid Suffolk Cabinet
Effective from: 13/11/2018
Accompanying Documents: