Decision status: Recommendations approved
Is Key decision?: No
Is subject to call in?: Yes
It was RESOLVED:-
1.1 That thepotential orlikely variationsin relationto theHRA bothRevenue andCapital comparedto theBudget be noted.
1.2 That,subject toany furtherbudget variationsthat ariseduring therest ofthe financialyear, theshortfall infunds of£425k, referredto insection 5.5of the report,be noted.
1.3 That the revised 2018/19 Capital Programme referred to in Appendix A and section 5.9 of the report be approved.
Reason for Decision: To ensure that Members are kept informed of the current budgetary position of both the HRA and Capital Budgets.
Alternative Options Considered and Rejected:
a) Transfer funds of £425k 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: 09/11/2018
Date of decision: 08/11/2018
Decided at meeting: 08/11/2018 - Babergh Cabinet
Effective from: 16/11/2018
Accompanying Documents: