Decision - Housing Revenue Account Budget and Investment Programme 2017/18 and Medium Term Financial Strategy.
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Decision details
Housing Revenue Account Budget and Investment Programme 2017/18 and Medium Term Financial Strategy.
Decision Maker: Housing & New Homes Committee, Policy, Resources & Growth Committee, Council
Decision status: Recommendations approved
Is Key decision?: No
Is subject to call in?: No
Purpose:
Housing Revenue Account revenue and capital
budget report for 2017/18, includes setting of council rents &
HRA fees and charges and is submitted to Housing & New Homes
Committee, prior ot Policy Resources & Growth Committee and
full council.
Decision:
RESOLVED TO RECOMMEND – That Council approves the updated HRA revenue budget for 2017/18 as shown in Appendix 1;
RESOLVED – That the Committee:
1) Approves a rent reduction of 1% in line with government legislation as detailed in paragraph 3.7;
2) Approves service charges and fees as detailed in Appendix 2.
3) approves the capital programme expenditure and financing budget of £39.854 million for 2017/18 and notes the 3 year programme as set out in Appendix 3;
4) Notes the Medium Term Financial Strategy and 30 year financial projections shown in Appendix 4.
5) Note that Appendix 1 ‘HRA Forecast Outturn 2017/18 & Revenue Budget 2017/18’ has been updated since being reported to Housing and New Homes Committee to include an up to date month 9 forecast for 2016/17 (updated from month 7). Also, a further service pressure of £0.045m has been added as explained in paragraph 3.4.
Report author: Susie Allen, Martin Reid
Publication date: 14/02/2017
Date of decision: 09/02/2017
Decided at meeting: 09/02/2017 - Policy, Resources & Growth Committee
Accompanying Documents:
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