Purpose

To consider a report on the accounting treatment of the
capital receipt arising from the disposal of the former Akzo Nobel
site and principle of future such accounting treatments.

Decision

(a) 
That the accounting
treatment of the excess capital receipt arising from the disposal
of the Akzo Nobel site in 2022 as outlined in paragraphs 2.14 to
2.16 of the report be noted.

 

(b) 
That the principle set
out in regard to the accounting treatment to be applied for any HRA
disposals, should those circumstances apply, as outlined in
paragraph 2.17 of this report be agreed.

 

(c) 
That it be agreed that
confirmation be provided to Full Council annually, when setting the
HRA budget, that the criteria outlined in paragraph 2.10 of the
report had been met.