Issue - meetings
Draft Housing Revenue Account Budget and Business Plan 2014/15
Meeting: 14/01/2014 - EXECUTIVE (Item 106)
106 Draft Budget for the Housing Revenue Account (Housing Service) Business Plan PDF 106 KB
The report sets out the financial position of the Housing Revenue Account (HRA). There are proposals concerning the debt strategy, investment potential and increases to rents.
Additional documents:
- Draft Budget for the Housing Revenue Account (Housing Service) Business Plan - Appendix A, item 106 PDF 10 KB
- Draft Budget for the Housing Revenue Account (Housing Service) Business Plan - Appendix A, item 106 PDF 10 KB
- Draft Budget for the Housing Revenue Account (Housing Service) Business Plan - Appendix B, item 106 PDF 4 KB
- Draft Budget for the Housing Revenue Account (Housing Service) Business Plan - Appendix C, item 106 PDF 5 KB
- Draft Budget for the Housing Revenue Account (Housing Service) Business Plan - Appendix D, item 106 PDF 51 KB
Decision:
That the draft Housing Revenue Account budget proposals for 2014/15 be approved as the basis for public consultation and to engage with tenants.
Minutes:
The Executive considered a report from the Deputy Leader and Executive Member for Corporate Resources and the Executive Member for Social Care, Health and Housing that set out the financial position of the Housing Revenue Account (HRA). The report contained proposals concerning the debt strategy, investment potential and increases to rent.
In response to questions, the Executive Member for Social Care, Health and Housing explained that the increase in rent was consistent with the Government’s Rent Convergence. From 2015/16 all rents would be increased by the Consumer Prices Index plus 1%. The Council was investigating the opportunities to build new social housing.
Reason for decision: To facilitate effective financial management and planning for the HRA under self-financing.
RESOLVED
that the draft Housing Revenue Account budget proposals for 2014/15 be approved as the basis for public consultation and to engage with tenants.