Decision details
Housing Revenue Account Revenue and Capital Revised Budget 2015/15 and Interim Budget Proposals 2015/16 for consultation
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
To approve the interim budget proposals 2014/15 for consultation
Decision:
RESOLVED THAT
1. The revised HRA forecast for 2014/15 be noted
2. The interim HRA budget proposals for 2015/16 be approved for consultation including a proposed rent increase of 2.2% and increases in other rents and charges as detailed at Appendix 5.
3. The rent for all properties be converted to formula rent on re-letting.
4. The proposed HRA capital programme for 2015/16 be approved as shown at Appendix 3.
5. The transfer of £2m to an earmarked revenue reserve be approved to finance future new build in the HRA.
6.
Authority be delegated to the Director
of Resources, in consultation
with the Cabinet Member for Finance, to determine and approve any
additional material that may be needed to support the presentation
of the interim budget proposals for consultation.
7. Consultation responses be sought by 29th January 2015.
Contact: Mark Sheldon, Director of Corporate Resources Email: [email protected] Email: [email protected].
Report author: Mark Sheldon
Publication date: 18/12/2014
Date of decision: 16/12/2014
Decided at meeting: 16/12/2014 - Cabinet
Effective from: 30/12/2014
Accompanying Documents:
PDF 101 KB