Decision details
Budget for the Housing Revenue Account (Landlord Business Plan)
Decision Maker: EXECUTIVE
Decision status: Recommend Forward to Council
Is Key decision?: No
Is subject to call in?: No
Purpose:
The report sets out the financial position of the Housing Revenue Account (HRA) and the Budget for 2017/18.
Decision:
RECOMMENDED to Council
That the Housing Revenue Account (HRA) budget proposals for 2017/18 be approved and:
1. that the recent legislative changes relating to Housing Finance and their impact on the Landlord Business Plan, be noted;
2. that the HRA’s debt portfolio and interest payments due in 2016/17, be noted;
3. that the intention to commence principal debt repayments from 2017/18, as approved previously by Council in February 2016, be noted;
4. that the Landlord Business Investment Plan, which proposes HRA investment throughout the Council area, be approved;
5. that the HRA Revenue Budget for 2017/18 and the Landlord Business Plan summary at Appendices A and B to the Executive report, be approved;
6. that the 2017/18 to 2020/21 HRA Capital Programme at Appendix C to the Executive report, be approved; and
7. that the average rent decrease of 1% for Council tenancies for 2017/18 in line with the national rental decrease as per Government direction, be approved.
Report author: Denis Galvin
Publication date: 09/02/2017
Date of decision: 07/02/2017
Decided at meeting: 07/02/2017 - EXECUTIVE
Accompanying Documents:
- Budget for the Housing Revenue Account (Landlord Business Plan) PDF 74 KB
- Appendix A - Budget for the Housing Revenue Account (Landlord Business Plan) - 30yr HRA Business Plan Summary PDF 37 KB
- Appendix B - Budget for the Housing Revenue Account (Landlord Business Plan) - 6yr HRA Business Plan Summary PDF 34 KB
- Appendix C - Budget for the Housing Revenue Account (Landlord Business Plan)- HRA Capital MTFP PDF 70 KB
- Appendix D - Budget for the Housing Revenue Account (Landlord Business Plan) - Housing Service Budget Assumptions PDF 11 KB