Agenda item - Housing Revenue Account 2013/14

Extract from the proceedings of the Policy & Resources Committee meeting held on the 14^th February 2013, together with a joint report of the Strategic Director; Place and the Director of Finance (copies attached).

93.1         The Director of Finance confirmed that having approved the Labour & Co-operative amendment No.4, the Housing Revenue Account’s budget allocation had increased by £5,000 however this did not affect the overall allocation significantly and therefore the budget could be approved.

93.2         The Mayor noted that the Labour & Co-operative Group’s amendment No.4 had contained changes to the proposals for the Housing Revenue Account 2013/14 and therefore put the recommendations in relation to the Housing revenue Account Budget as amended to the vote.

93.3         The Mayor confirmed that recommendations as amended had been carried.

93.4         RESOLVED:

(1)               That the budget for 2013/14 as amended be approved;

(1)               That  individual rent increases and decreases be approved in line with rent restructuring principles as determined by the Government and detailed in paragraphs 3.13 to 3.15 to the report; and

(2)               That the changes to fees and charges as detailed in Table 2, paragraphs 3.16 to 3.18 to the report be approved and the Strategic Director; Place be granted delegated authority to increase communal heating electricity charges following the corporate procurement of new contract prices.