Issue - decisions

Housing Revenue Account Draft Budget 2019/20

15/01/2019 - Housing Revenue Account Draft Budget 2019/20 and Housing Capital Investment 2019 - 2024 (Cab.9.1.2019/11)

RECOMMENDED TO FULL COUNCIL ON 7TH FEBRUARY, 2019:-

 

(i)        that the Housing Revenue Account (HRA) Draft Budget for 2019/20, as detailed in the report now submitted, be approved, with any final amendments/additions being delegated to the Cabinet Spokesperson for Place and the Executive Director Place in consultation with the Cabinet Spokesperson for Core Services and the Service Director Finance - S151 Officer;

 

(ii)       that a rent reduction in line with Government’s rent policy be approved;

 

(iii)      that no change be made to non-dwelling rents, service charges and heating charges;

 

(iv)      that the 2019/20 Berneslai Homes Management Fee at paragraph 4.17 be approved with any final amendments/additions delegated to the Cabinet Spokesperson for Place and the Service Director Culture and Housing in consultation with the Cabinet Spokesperson for Core Services and the Service Director Finance – S151 Officer;

 

(v)       that the 2019/20 Berneslai Homes Management Fee for Gypsy and Traveller Sites, charged to the Authority’s General Fund, detailed at paragraph 4.20 be approved;

 

(vi)      that the HRA Medium Term Financial Strategy, as set out in Section 5 and Appendix B, be noted;

 

(vii)     that the 30 Year HRA Business Plan, as set out in Section 6, be noted;

 

(viii)    that the HRA Reserves Strategy, outlined in Section 7 of the report, be noted;

 

(ix)      that the proposed increase in the HRA minimum working balance to £5.2m (referred to in paragraph 7.9) be approved;

 

(x)       that the Council Housing Capital Investment programme for 2019/20 be approved and the indicative programme for 2020/21 through 2023-24, as outlined in Section 8, be noted;

 

(xi)      that approval be given, in principle, to the Housing Growth Investment schemes, funded from a combination of HRA Reserves and Berneslai Homes Surplus, as detailed in Appendix E. (Subject to individual reports in line with the Council’s governance arrangements); and

 

(xii)     that individual Housing Growth schemes be subject to the appropriate planning regulations.