Issue - meetings
Housing Revenue Account, Quarter 2 Finance Report 2020/21
Meeting: 03/12/2020 - Cabinet (Item 64)
64 Housing Revenue Account, Quarter 2 Finance Report 2020/21 
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Additional documents:
Decision:
RESOLVED that Cabinet noted:
A The contents of the report and appendices A and B.
B That the forecast HRA general working balance as at 31 March 2021 will be £13.308 million and the balance on the Major Repairs Reserve will be fully utilised to finance the 2020/21 capital programme.
C The balance of £9.8 million of retained Right to Buy (RTB) receipts held as at 30 September 2020 in order to finance the new build capital programme and house purchase scheme.
Minutes:
Cabinet received a report which provided an update on the Housing Revenue Account (HRA) for the second quarter of 2020/21 and asked that Cabinet noted variances in the HRA budget, as well as the forecast budget of the HRA and the Major Repairs Reserve.
Proposed by Councillor Mike Danvers (seconded by Councillor Mark Wilkinson) it was:
RESOLVED that Cabinet noted:
A The contents of the report and appendices A and B.
B That the forecast HRA general working balance as at 31 March 2021 will be £13.308 million and the balance on the Major Repairs Reserve will be fully utilised to finance the 2020/21 capital programme.
C The balance of £9.8 million of retained Right to Buy (RTB) receipts held as at 30 September 2020 in order to finance the new build capital programme and house purchase scheme.