Issue - meetings
Draft Housing Revenue Account Outturn
Meeting: 27/07/2011 - Cabinet (Item 10)
10 Draft Housing Revenue Account Outturn PDF 198 KB
Report of Director of Finance and Support (Copy herewith)
Additional documents:
- Appendix 1, item 10 PDF 11 KB
- Appendix 2, item 10 PDF 16 KB
- Appendix 3, item 10 PDF 16 KB
- Appendix 4, item 10 PDF 10 KB
Decision:
1. Cabinet noted the outturn position for the Housing Revenue Account (HRA).
- Cabinet noted the increase in the HRA Capital Programme Reserve of £3.6m to £12.86m and also, the setting up of a new HRA Self-financing Reserve of £2m and a new HRA Supporting People Reserve of £500k (as shown in Appendix 4 of the report).
Minutes:
Councillor Bottwood, as the relevant Portfolio Holder submitted a report, which identified the outturn position for the 2010/2011 Housing Revenue Account (HRA) subject to audit. He referred to Appendix 4 – Summary of HRA Earmarked Reserves 2010/11 and particularly welcomed the ’Supporting People Reserve’ of £500K.
Councillor Malpas thanked the Director of Housing and the Director of Finance and Support with regards to the HRA balance. He expressed his appreciation at the £500K being earmarked into the ‘Supporting People Reserve’, which would provide a safety net for those most deserving.
The Chairman thanked the Finance team for the report and noted that the Councils Reserves looked healthy.
RESOLVED:
1. That the outturn position for the Housing Revenue Account (HRA) be noted.
2. That the increase in the HRA Capital Programme Reserve of £3.6m to £12.86m and also, the setting up of a new HRA Self-financing Reserve of £2m and a new HRA Supporting People Reserve of £500k (as shown in Appendix 4 of the report) be noted.
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