Decision details
March 2014/15 Housing Revenue Account Budget Monitoring Provisional Outturn Revenue and Capital Report ( Subject to Audit)
Decision Maker: EXECUTIVE
Decision status: For Determination
Is Key decision?: No
Is subject to call in?: No
Purpose:
The report provides information on the 2014/15
Housing Revenue Account (HRA) provisional outturn revenue and
capital position as at March 2015.
Decision:
1. That the provisional Housing Revenue Account (HRA) outturn for 2014/15 be noted, including a contribution to HRA reserves of £6.590M, thus strengthening the Council’s ability to invest and improve its stock of Council Houses, be noted.
2. That it be noted that Right to Buy sales are at a similar level to the previous financial year, resulting in a year end balance of unapplied capital receipts of £3.451M.
3. That it be noted that as part of the HRA Capital Programme there was a contribution of £6.744M from the Independent Living Development Reserve to Priory View, Dunstable.
4. That it be noted that there was a net decrease in reserves of £0.154M, so that, at the year end, the HRA will have £20.556M of reserves available, of which £2.0M is identified as a minimum level of HRA Balances.
Report author: Denis Galvin
Publication date: 14/07/2015
Date of decision: 07/07/2015
Decided at meeting: 07/07/2015 - EXECUTIVE
Accompanying Documents:
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