Issue - meetings

Report of the Director of Finance and Support

1.      The outturn position for the Housing Revenue Account is noted.

2.      The increase in the Capital Programme Reserve of £2m to £7m is approved, as is the setting up of a new HRA PFI Reserve of £175k.

As relevant Portfolio Holder, Councillor Perkins presented the report identifying the outturn position for the 2008/09 Housing Revenue Account (HRA).  He explained that rental income was higher than expected owing to a fall in housing stock sales and pointed out that a contribution onto earmarked reserves was being put towards achieving the Decent Homes Standard. It was noted that the overall reserves stood at £14 million.

RESOLVED

1.      That the outturn position for the Housing Revenue Account be noted.

2.      That the increase in the Capital Programme Reserve of £2m to £7m be approved, as well as the setting up of a new HRA PFI Reserve of £175k.