Issue - decisions
Housing Revenue Account Budget and Business Plan 2014/15
06/02/2014 - Budget for the Housing Revenue Account (Housing Service) Business Plan
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.