Decision details

This report will outline the business objectives and budgets for the Housing Revenue Account for 2005-2006. It will include the views of the Health and Community Services Overview and Scruinty Committee, following their consideration of the matter on 18 January 2005.

33/2005 The Cabinet recommended to Council on 3 March 2005:

(i) The proposed Revenue and Capital Budgets for 2005/2006, inclusive of an average rent increase of £2.45 per week (based upon 50 collection weeks)
(ii) An inflationary increase in service charges for 2005/2006 of 3% on average
(iii) The proposed increase in garage rent charges by 2.5%.

Under the terms of the Local Government and Housing Act 1989 the Council should set a balanced budget for the HRA, whilst taking into account a review of housing stock rent levels on an annual basis in line with government directives on rent restructuring. The Council must also implement programmes of work to ensure that all of its housing meets the Decent Homes Standard by December 2010.