Decision Maker: Mid Suffolk Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
To note the outturn positions and approve the carry forward requests
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 £523k, being the HRA revenue surplus for the year (£1.087m 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 £7.391m 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 £523k to the Strategic Priorities earmarked reserve and not support the carry forward of £7.391m HRA Capital costs. This is not the recommended option becausethere wouldbe insufficientcapital resourcesavailable in2021/22 tocomplete 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 - Mid Suffolk Cabinet
Effective from: 11/08/2021
Accompanying Documents: