Decision details

This report provided details on the proposed Housing Revenue Account (HRA) capital and revenue budgets for 2004/2005, which included a rent increase for the Council housing stock based upon the rent-restructuring framework introduced by central government.

The Cabinet recommended the following to special Council on 19 February 2004 for approval:a) The proposed Revenue and Capital Budgets for 2004/2005, inclusive of an average rent increase of £2.34 per week (based upon 50 collection weeks).b) That there be no increase in service charges in 2004/2005.c) That the garage rent charges be increased by 2.8%.
The Cabinet approved the performance measures and targets including those for management and maintenance costs per property.

Under the terms of the Local Government and Housing Act 1989 the Council is required to set a balanced budget for the Housing Revenue Account, whilst taking into account a review of housing stock rent levels on an annual basis in line with government directives on rent restructuring.