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LONDON BOROUGH OF TOWER HAMLETS |
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HOUSING REVENUE ACCOUNT |
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MEDIUM TERM FINANCIAL STRATEGY
- 2011/2014 |
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2009/10 |
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2010/11 |
2011/12 |
2012/13 |
2013/14 |
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Provisional |
HEADING |
Budget |
Budget |
Budget |
Budget |
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Outturn |
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£'000 |
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£'000 |
£'000 |
£'000 |
£'000 |
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(91,788) |
HRA Income |
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Base Budget (2010/11 only) |
(90,477) |
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Base Budget - previous year |
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(90,477) |
(89,002) |
(89,634) |
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Inflation |
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(1,903) |
(1,913) |
(1,974) |
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102,111 |
HRA Expenditure |
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Base Budget (2010/11 only) |
90,323 |
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Base Budget - previous year |
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90,323 |
91,491 |
92,617 |
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Inflation |
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1,532 |
1,564 |
1,601 |
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10,323
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Initial Base HRA Budget |
(154) |
(525) |
2,140 |
2,610 |
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Committed Growth |
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Overcrowding Strategy / Other Capital Requirements |
4,450 |
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Building Britain's Future - Housing New Build |
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60 |
60 |
60 |
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10,323 |
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4,296 |
(465) |
2,200 |
2,670 |
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Approved Savings & Other Adjustments to Base Budget B/F |
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Prior year approved cumulative budget savings |
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(1,915) |
(3,208) |
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Net Loss of Subsidy |
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1,879 |
1,781 |
2,018 |
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Adjustment to Capital Financing Charges and Depreciation |
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(121) |
(345) |
148 |
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Stock Related Adjustments |
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1,500 |
150 |
150 |
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Reduction in ICT recharge to the HRA |
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(243) |
(243) |
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Contribution from Major Repairs Reserve |
(618) |
(335) |
(335) |
(335) |
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Savings Required to Maintain
Balances and a Balanced Budget |
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(1,915) |
(1,293) |
(1,443) |
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10,323 |
Balanced Budget |
3,678 |
300 |
0 |
0 |
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HRA Balances |
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General Balances |
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12,120 |
Balances at beginning of year |
5,978 |
5,300
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5,000 |
5,000 |
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5,978
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Balances at end of year |
5,300 |
5,000 |
5,000 |
5,000 |
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619 |
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Housing Choice Reserve |
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11,181 |
Balances at beginning of year |
7,000 |
4,000
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4,000
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4,000
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7,000
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Balances at end of year |
4,000 |
4,000
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4,000
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4,000
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12,978
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Total Reserves Available to the HRA |
9,300 |
9,000 |
9,000 |
9,000 |
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