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Housing Revenue Account 2019/20 Budget Proposals
Meeting: 22/01/2019 - Cabinet (Item 11.)
11. Housing Revenue Account 2019/20 Budget Proposals 
PDF 139 KB
Additional documents:
- A3 HIP Summary 2019 to 2024, item 11.
PDF 179 KB
- Appendix A1 HRA Budget Proposals 100119, item 11.
PDF 120 KB
- Appendix A2 Housing Investment Plan, item 11.
PDF 120 KB
- Appendix E EqIA HRA budget v2, item 11.
PDF 169 KB
- Appendix F ECO Checklist HRA Budget 19-20 draft, item 11.
PDF 100 KB
Decision:
1. Cabinet noted the requirement to reduce social rents by 1% for 2019/20 and the inflationary uplift in service charges for tenants and leaseholders.
2. Cabinet approved the proposals for the 2019/20 Housing Revenue Account (HRA) budget and the HRA Medium Term Financial Plan, which have been tested within a 30-year financial business plan model; and
3. Cabinet approved proposals for the implementation of the capital and revenue investment plans
4. Cabinet delegated authority to the Strategic Director of Growth and Regeneration (with appropriate legal and procurement advice) in consultation with Cabinet Member for Housing, deputy mayor for resources, section 151 officer and the monitoring officer for the procurement of relevant contractors during 2019/20 to 2023/24 (covering the period of the2019/20 budget and rolling five year planned maintenance budget, and the already planned phases 3 and 4 of the HRA new build schemes ) to deliver the capital and revenue investment plans as set out in detail in Appendices A2 and A3.
5. Cabinet delegated authority for the Service Director of Housing and Landlord Services to draw down reserves to fund the projected spend, should there be changes in forecast income during the year.