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Appendix B1 Tier 3 Information Requirements / continuedInformation RequirementDetails/Comments5 Annual Financial Return(Full)4) Development plans including committed and unidentified projects.5) Funding plans including committed and unidentified future funding.6) Scenario testing and sensitivity analysis of the forecast income andexpenditure, balance sheets and cash flows.7) Strategic risk register set out in a suitable format including assessmentof impact, probability and a hierarchy of risk.Each Tier 3 AHB must submit an Annual Financial Return 2 that contains4 years information, being the latest audited accounts (historic), thecurrent year’s information and 2 years forecasted projections.6 Tax Clearance Certificate Each AHB must submit a Tax Clearance Certificate with their AnnualReturn Form7 Notification ofIssues ArisingAll AHBs should notify the regulator immediately of issues arising which in itsopinion give ‘cause for concern’ and represents ‘a potential impact on viability’.Notifiable events are listed within Chapter 8. This list is not exhaustive.The Boards of Tier 3 AHBs are required to monitor key liquidity ratios (as perAppendix B5) and notify the Regulation Office of breaches over a period.Other RequirementsTenancy PerformanceManagement IndicatorsA sinking fundStock Condition SurveysExternal validation ofstock condition surveyAudit and Risk CommitteeMeeting withRegulation OfficeDetails/CommentsAll AHBs should be able to provide basic data each year on its managementperformance under a number of headings such as rent payment/arrears,voids, repairs and management and maintenance costs per unit.All AHBs are required to have a sinking fund for the longer term systematicrepair and refurbishment of housing stock. The level of provision mustrelate to the condition of the stock.All AHBs are required to perform stock condition surveys to ensureappropriate level of provision is being made to a sinking fund.All AHBs are required to have external validation by an appropriatelyqualified and independent third party of the stock condition survey bothin terms of the sample size used and in the quality and accuracy of itsassessment of its stock. The User Guide to the Financial Standard willinclude more detail.In recognition of the critically important issue of risk assessment and riskawareness Tier 3 AHBs are required to have an Audit and Risk Committee.Tier 3s are required to attend an annual meeting with the Regulation Officeto discuss the AHBs business generally and to consider the Annual ReturnForm and Financial Return that was submitted and matters arising.2. This Annual Financial Return will be in electronic format in due course.viHousing Agency Regulation Office