Decision details

To approve the final Housing Revenue Account Revenue Budget 2014/15 and to recommend to Council to approve the final Housing Revenue Account Revenue Budget 2014/15

RESOLVED that it be recommended to Council that:

1.      the revised HRA budget and capital programme for 2013/14 as set out in Appendices 2 and 3 be noted.

2.      the HRA budget proposals for 2014/15 including a proposed average rent increase of 4.03% (applied in accordance with national rent restructuring guidelines) and increases in other rents and charges as detailed at Appendix 5 be approved.

3.      the proposed HRA capital programme for 2014/15 as shown at Appendix 3 be approved.

4.      the creation of an earmarked revenue reserve to finance future new build in the HRA be approved, the value of funds to be transferred to this reserve to be considered by Cabinet and approved by Council as part of the review of HRA outturn for each accounting year.