Decision details
Budget for the Housing Revenue Account (Housing Service) Business Plan
Decision Maker: EXECUTIVE
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
Purpose:
To recommend to Council the Housing Revenue Account Budget and Business Plan 2014/15 for approval.
Decision:
RECOMMENDED to Council
That the HRA budget proposals for 2014/15 be approved, as follows:
(a) that the HRA’s debt portfolio and interest payments due in 2013/14 be noted;
(b) that the proposal for principal debt repayments to begin in 2017/18 be approved;
(c) that the use of £3.237m from the Major Repairs Reserve to finance part of the HRA Capital Programme for 2013/14 be approved;
(d) that the development of an Investment Plan during 2014/15 to set out future development objectives, subject to consultation with stakeholders be approved;
(e) that the HRA Revenue Budget for 2014/15 and the Landlord Service Business Plan summary at Appendices A and B to the report be approved;
(f) that the 2014/15 to 2017/18 HRA Capital Programme at Appendix C to the report be approved; and
(g) that the average rent increase of 5.46% for 2014/15 be approved in line with the national rental increase, as per the Government’s Rent Convergence Policy.
Publication date: 06/02/2014
Date of decision: 04/02/2014
Decided at meeting: 04/02/2014 - EXECUTIVE
Accompanying Documents:
- Budget for the Housing Revenue Account (Housing Services) Business Plan PDF 110 KB
- Budget for the Housing Revenue Account (Housing Services) Business Plan - Appendix A PDF 7 KB
- Budget for the Housing Revenue Account (Housing Services) Business Plan - Appendix B PDF 4 KB
- Budget for the Housing Revenue Account (Housing Services) Business Plan - Appendix C PDF 6 KB
- Budget for the Housing Revenue Account (Housing Services) Business Plan - Appendix D PDF 50 KB
- Budget for the HRA - OSC Recommendations - Appendix E PDF 40 KB