Babergh and Mid Suffolk District Councils
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Issue - meetings

Meeting: 12/06/2019 - Mid Suffolk Cabinet (Item 9)

9 MCa/19/4 HOUSING REVENUE ACCOUNT FINANCIAL OUTTURN 2018/19 pdf icon PDF 202 KB

Cabinet Member for Finance

Decision:

It was RESOLVED:-

 

1.1     That the 2018/19 financial outturn as set out in the report be noted.

1.2     That the transfer of £495k, being the HRA deficit for the year (£167k less than planned) as per paragraph 5.5 of the report, from the Strategic Priorities Reserve be noted.

1.3     That the HRA Capital carry-forward requests referred to in paragraph 5.14 of the report totalling £675k be approved.

Reason for Decision: To ensure members are kept informed of the outturn position for both Housing Revenue and Capital and to approve the carry forward requests.

Alternative Options Considered and Rejected: To recommend the carry forward of £675k HRA Capital costs.

Any Declarations of Interest Declared: None

 

Any Dispensation Granted: None

Minutes:

The Cabinet Member for Finance introduced report MCA/19/4 and moved the recommendations which were seconded by Councillor Flatman.

 

In response to questions raised by Councillor Field, the Assistant Director for Housing provided information and figures in relation to void properties and council home rental income.

 

By a unanimous vote

 

It was RESOLVED:-

 

1.1     That the 2018/19 financial outturn as set out in the report be noted.

 

1.2     That the transfer of £495k, being the HRA deficit for the year (£167k less than planned) per paragraph 5.5 of the report, from the Strategic Priorities Reserve be noted.

 

1.3     That the HRA Capital carry-forward requests referred to in paragraph 5.14 of the report totalling £675k 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 the carry forward requests.