Issue - meetings

Housing Revenue Account Capital and Revenue Budget 2013/2014

 

 

Meeting: 12/02/2013 - Cabinet (Item 6)

6 Housing Revenue Account Capital and Revenue Budgets 2013/2014 pdf icon PDF 93 KB

Additional documents:

Minutes:

Background:

 

This report provided details of the Housing Revenue Account (HRA) revenue and capital budgets for 2013/2014. It also set out details of the proposed rent and service charges levels for 2013/2014.

 

The report summarised the proposals for 2013/2014 as they related to rent, service charges, performance management, expenditure assumptions, housing repairs and borrowing and headroom. A revised Appendix A was tabled at the meeting that adjusted the overall rent averages. It was noted that the proposed average rent increase was £2.82 per week or 3.53% and an average service charge (excluding housing related support eligible charges) increase of 38p per week or 5%.

 

The Business Support Overview and Scrutiny Committee had considered this report on 31 January 2013. It was noted that the committee had supported the recommendations set out in the report and details of the discussion at the meeting were set out in section 11 of the report.

 

Decision number:

Decision:

 

The Cabinet noted the recommendations from the Regeneration, Community and Culture Overview and Scrutiny Committee, as set out at section 11 of the report.

31/2013

The Cabinet recommended to Council:

(a)      The proposed revenue and capital budgets for 2013/2014, inclusive of an average rent increase of £2.82 per week (based upon 50 collection weeks and equating to an average increase of 3.53%); and a rent increase of 2.6% for garages;

 

(b)      Service charges for 2013/2014 reflect the costs incurred in providing that service, where possible, and that where costs are not fully recovered, the uplift is such that costs can be fully recovered by 2014/2015, (excepting the Wardens Service Charge as set out in 4.2 of the report), using above inflation increases to do so as per Appendix B to the report. The average increase will be 5% or £0.38;

 

(c)      That officers develop proposals for utilising headroom with the intention to submit a further report later in the year;

 

(d)      To approve the repayment of debt based on a minimum revenue payment of 2% on outstanding debt.

Reasons:

 

The Council is required to carry out an annual review of rents and notify tenants not less than 28 days prior to the proposed date of change. The Council is required under the Local Government and Housing Act 1989 to ensure that the Housing Revenue Account does not fall into a deficit position.