Reconcile the balance-sheet exposure statement quarterly

Section 151 officer and finance: Reconcile the balance-sheet exposure statement quarterly. Starts when: Quarter end. Steps: Reconcile General Fund, resilience reserve, HRA, capital borrowing cost and each company statement; Stress test the HRA; Reprice the largest schemes at current rates; Report to the audit committee. Done when: The statement reconciles to the balance sheet without a year-end adjustment and reaches the committee each quarter. Rules that apply: Prudential Code; CIPFA HRA guidance; MRP guidance.

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