Issue - meetings
Housing Revenue Account, Quarter 3 Finance Report 2020/21
Meeting: 25/03/2021 - Cabinet (Item 121)
121 Housing Revenue Account, Quarter 3 Finance Report 2020/21 
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Decision:
RESOLVED that Cabinet noted:
A The Quarter 3 - HRA Budget Monitoring report as set out in the following paragraphs and in Appendix 1 and 2.
B That the forecast HRA general working balance as at 31 March 2021 will be £13.293 million and that the Major Repairs Reserve will only be partially used to finance the 2020/21 capital programme, leaving and estimated balance of £941,000.
C The balance of £7.8 million of retained Right to Buy (RTB) receipts held as at 31 December 2020 in order to finance the new build capital programme and house purchase scheme.
Minutes:
Cabinet considered the Housing Revenue Account, Quarter 3 Finance Report 2020/21.
Proposed by Councillor Mark Wilkinson (seconded by Councillor Mike Danvers) it was:
RESOLVED that Cabinet noted:
A The Quarter 3 - HRA Budget Monitoring report as set out in the following paragraphs and in Appendix 1 and 2.
B That the forecast HRA general working balance as at 31 March 2021 will be £13.293 million and that the Major Repairs Reserve will only be partially used to finance the 2020/21 capital programme, leaving and estimated balance of £941,000.
C The balance of £7.8 million of retained Right to Buy (RTB) receipts held as at 31 December 2020 in order to finance the new build capital programme and house purchase scheme.