Decision details
March 2012/13 Provisional Outturn Housing Revenue Account Revenue and Capital Report
Decision Maker: EXECUTIVE
Decision status: Recommendations approved
Is Key decision?: No
Is subject to call in?: Yes
Purpose:
To consider the revenue, capital provisional and Housing Revenue Account outturn 2012/13.
Decision:
1. That the Revenue outturn be approved. This is a balanced budget with a contribution to Housing Revenue Account (HRA) Reserves of £11.269m, thus strengthening the Council’s ability to invest and improve its stock of Council Houses.
2. That the Capital outturn be approved. This is £0.098m higher than the revised position approved by Council in February.
3. That Right to Buy sales be noted. This had increased significantly as a result of changes to discounts, resulting in a year end balance of unapplied capital receipts of £0.657m.
4. That at the year end HRA reserves of £15.374m be noted, of which £2.0m is identified as a minimum level of HRA Balances.
Publication date: 27/06/2013
Date of decision: 25/06/2013
Decided at meeting: 25/06/2013 - EXECUTIVE
Effective from: 05/07/2013
Accompanying Documents: