Decision - Housing Revenue Account Budget and Capital Investment Programme 2019/20 and Medium Term Financial Strategy

(1)    That the Housing & New Homes Committee:

(a)  Recommends that Policy, Resources & Growth Committee approves and recommends to full Council the updated HRA revenue budget for 2019/20 as shown in Appendix 2;

(b)  Recommends that Policy, Resources & Growth Committee approves and recommends to full Council the capital programme budget of £26.964m for 2019/20 and notes the 3 year programme as set out in Appendix 4;

(c)   Recommends that Policy, Resources & Growth Committee approves the procurement of a contract for insurance cover for the council’s residential leasehold properties as set out in the report in section 5.

(d)  Recommends that Policy, Resources & Growth Committee approves that the Executive Director of Neighbourhoods, Communities and Housing be given delegated powers to award the contract for insurance cover and the extensions set out in the report in section 5.

(2) That the Housing & New Homes Committee:

(a)  Approves a rent reduction of 1% in line with government legislation as detailed in paragraph 4.9;

(b)  Approves service charges and fees as detailed in Appendix 3;

(c)   Notes the current HRA forecast outturn for 2018/19 in Appendix 1 of £0.500m underspend;

(d)  Notes the Medium Term Financial Strategy and 30 year financial projections shown in Appendix 5;

(e)  Notes the Integrated Service & Financial Plan proposals (savings) in Appendix 6.