Issue - meetings

The purpose of this report is to seek approval from the Executive for the transfer of the Community Centre Building, Cranleigh, from the Housing Revenue Account (HRA) to the General Fund (GF).  The Community Centre Building is no longer used for the “housing purposes”, for which it was originally acquired under the Housing Act 1985.  

Recommendation

That the Executive recommends to Council that:

1)      Pursuant to section 122 of the Local Government Act 1972, the land outlined in blue on the Plan at Annexe 1 at Rowland Road, Cranleigh, Surrey be transferred from the Housing Revenue Account to the General Fund;

2)      The Chief Executive be authorised to execute a memorandum confirming the appropriation; and,

3)      To cover future liabilities, a one off transfer of £25,000 be made from the Housing Revenue Account to the General Fund at the time of the transfer. 

53.1   Cllr King, introduced the report that proposed the transfer of the Community Centre Building, Cranleigh from the Housing Revenue Account (HRA) to the General Fund. The Community Centre Building was no longer being used for the “housing purposes” for which it was originally acquired under the Housing Act 1985, and the transfer would comply with accounting best practice.

53.2   The General Fund would receive rental income from the property and take on responsibility for managing and maintaining the property. A budget of £25,000 would be transferred from the HRA to the General Fund to allow for any future liabilities.

53.3   The Executive RESOLVED to

RECOMMEND to Council that:

          1)    Pursuant to section 122 of the Local Government Act 1972, the land outlined in blue on the Plan at Annexe 1 to the agenda report at Rowland Road, Cranleigh, Surrey be transferred from the Housing Revenue Account to the General Fund;

          2)    The Chief Executive be authorised to execute a memorandum confirming the appropriation; and,

          3)    To cover future liabilities, a one off transfer of £25,000 be made from the Housing Revenue Account to the General Fund at the time of the transfer.

[Reason: to comply with legislation and best accounting practice.]