Decision - Housing Revenue Account Budget and Capital Investment Programme 2019/20 and Medium Term Financial Strategy
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Decision details
Housing Revenue Account Budget and Capital Investment Programme 2019/20 and Medium Term Financial Strategy
Decision Maker: Policy, Resources & Growth Committee
Decision status: Recommendations approved
Is Key decision?: No
Is subject to call in?: No
Purpose:
HRA revenue budget for 2019/20 with capital
programme 2019/20-2021/22
Decision:
128.1 RESOLVED TO RECOMMEND:
(1) That full Council approve the updated HRA revenue budget for 2019/20 as shown in Appendix 2 to the report (as amended for any change to reserves arising from amendments (3) and (6) below); and
(2) That full Council approve the capital programme budget of £26.964m for 2019/20 and notes the 3 year programme as set out in Appendix 4 to the report (as amended for any change to the capital programme arising from amendments (4), (5) and (6) below).
(3)
That a HRA Rent Support Reserve of £1.050m be
created, through a reduction in the reserve funding of the HRA
capital programme by borrowing the same, and to apply this reserve
in the form of a subsidy over the lifetime of modelled new schemes
in order to support the provision of new council homes at lower
rents, particularly social rents and 27.5% living wage
rents;
(4)
That the Purchase Properties budget be increased by
£3.500m and added to the 2019/20 HRA Capital programme to be
funded by HRA borrowing and Right to Buy receipts; and
(5) That a budget of £3.500m be added to the 2019/20 HRA Capital programme to purchase buildings to provide emergency homeless accommodation for in-house delivery by the council to be funded by HRA borrowing and RTB receipts.
Report author: Monica Brooks, Craig Garoghan
Publication date: 14/02/2019
Date of decision: 14/02/2019
Decided at meeting: 14/02/2019 - Policy, Resources & Growth Committee
Accompanying Documents:
- Item - Housing Revenue Account Budget and Capital Investment Programme etc PDF 319 KB
- Housing Revenue Account Budget and Capital Investment Programme 2019/20 and Medium Term Financial Strategy PDF 287 KB
- Housing Revenue Account Budget and Capital Investment Programme 2019/20 and Medium Term Financial Strategy APX. 1 PDF 105 KB
- Housing Revenue Account Budget and Capital Investment Programme 2019/20 and Medium Term Financial Strategy APX. 2 PDF 266 KB
- Housing Revenue Account Budget and Capital Investment Programme 2019/20 and Medium Term Financial Strategy APX. 3 PDF 29 KB
- Housing Revenue Account Budget and Capital Investment Programme 2019/20 and Medium Term Financial Strategy APX. 4 PDF 235 KB
- Housing Revenue Account Budget and Capital Investment Programme 2019/20 and Medium Term Financial Strategy APX. 5 PDF 229 KB
- Housing Revenue Account Budget and Capital Investment Programme 2019/20 and Medium Term Financial Strategy APX. 6 PDF 208 KB
- Item 128 GrnGrp HRA budget amendment including CFO comments (12-02-19) PDF 218 KB