151 BCa/19/3 HOUSING REVENUE ACCOUNT FINANCIAL OUTTURN 2018/19 PDF 205 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 £491k, being the HRA surplus for the year (£247k more than planned) per paragraph 5.5 of the report, to the Strategic Priorities Reserves be noted.
1.3 That the HRA Capital carry-forward requests referred to in paragraph 5.14 of the report totalling£6.169m 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.
Alternative Options Considered and Rejected: To recommend the carry forward of £6.169m HRA Capital costs.
Any Declarations of Interest Declared: None
Any Dispensation Granted: None
Minutes:
The Cabinet Member for Housing introduced report number BCa/19/3 and moved the recommendations which were seconded by Councillor Davis.
Councillor Arthey commented on the reduction in bad debt provision detailed in page 53 of the report. Councillor Osborne advised that this had been down to the pro-active working of the team and commended the work they have carried out.
The Assistant Director for Housing responded to questions raised by Councillor Busby regarding the Repairs and Maintenance and Property Services budget overspend and advised that an internal audit of the business plan had been undertaken and the business plan had been revised.
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 £491k, being the HRA surplus for the year (£247k more than planned) per paragraph 5.5 of the report, to the Strategic Priorities Reserves be noted.
1.3 That the HRA Capital carry-forward requests referred to in paragraph 5.14 of the report totalling£6.169m 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.