Decision details

RESOLVED:-

(i)        that the 2018/19 Housing Revenue Account (HRA) final accounts position, as detailed in the report submitted, be noted;

(ii)       that agreement be given to earmark carry forward revenue resources of £3.156m, as detailed in Section 6 and Appendix A;

(iii)      that the operational underspend (after earmarkings) of £1.247m be noted and approve this sum be transferred to HRA reserves to support the Council’s Strategic Housing priorities;

(iv)      that the movement on the HRA reserves balance during the year resulting in a closing position totalling £37.1m, as analysed in Section 7, be noted;

(v)       that the Section 151 Officer be requested to submit a further report on the overall outturn position if there are any significant adjustments to the accounts arising from the External Audit or other factors;

(vi)      that the 2018/19 Berneslai Homes Ltd company accounts position be noted;

(vii)     that the Berneslai Homes Ltd carry forward revenue resources of £1.060m be earmarked for investment and scheme slippage purposes, as detailed in Section 8 of the report; and

(viii)    that the increase in Berneslai Homes Ltd’s general contingency of 7.5% of its annual turnover, as detailed in paragraph 8.3, be noted.