Noted the final outturn position and endorsed the decision, taken under delegated authority to transfer £2.5 million to the reserve for future capital, and £7.84 million to the new build reserve from the revenue surplus of £10.339 million in 2021-22.
Reason(s):
To allow the Statutory Statement of Accounts to be finalised and subject to external audit prior to approval by the Council.
Other options considered and rejected by the Executive:
None.
Details of any conflict of interest declared by the Leader or lead councillors and any dispensation granted:
None.
That the final outturn position on the Housing Revenue Account be noted and that the decision taken under delegated authority to transfer £2.5 million to the reserve for future capital, and £8.15 million to the new build reserve from the revenue surplus of £10.65 million in 2020-21, be endorsed.
Reason:
To allow the Statutory Statement of Accounts to be finalised and subject to external audit prior to approval by the Council.
Other options considered and rejected by the Executive:
None.
Details of any conflict of interest declared by the Leader or lead councillors and any dispensation granted:
None.