Decisions for issue Housing Revenue Account Budget and Investment Programme 2018/19 and Medium Term Financial Strategy

103.1  RESOLVED:

(1)   That the Committee -

(a)  Approved and recommended to full Council the updated HRA revenue budget for 2018/19 as shown in Appendix 2; subject to the removal of the proposed contribution of £0.170m from the HRA Revenue Budget to the General Fund in respect of Children’s Centre Services and to use the resources released to fund the HRA Capital Programme 2018/19, thereby reducing the amount of borrowing required by the HRA and future financing costs incurred by the HRA.

(b)  Approved and recommended to Full Council the capital programme expenditure and financing budget of £36.344m for 2018/19 and noted the 3 year programme as set out in Appendix 4;

(c)  Noted the HRA forecast outturn for 2017/18 in Appendix 1 of a 0.43m underspend as at month 9; (Noted that this forecast has been updated since Housing and New Homes Committee to take account of the most recent information available);

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

(e)  Noted the Integrated Service and Financial Plan (savings proposals) in Appendix 6.

(2)   That the Committee recommends that the Full Council:

(a)  Approves the updated HRA Revenue Budget for 2018/19 as shown in the revised Appendix 2;

(b)  Approves the Capital Programme expenditure and financing budget of £36.344m for 2018/19 and noted the 3 year programme as set out in the revised Appendix 4

(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 2018/19 as shown in Appendix 2;

(b)        recommends that Policy, Resources & Growth Committee approves and recommends to full Council the capital programme expenditure and financing budget of £36.344m for 2018/19 and notes the 3 year programme as set out in Appendix 4;

(c)        approves a rent reduction of 1% in line with government legislation as detailed in paragraph 3.13;

(d)        approves service charges and fees as detailed in Appendix 3;

(e)        notes the HRA forecast outturn for 2017/18 in Appendix 1 of a £0.425m underspend;

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

(g)        notes the Integrated Service and Financial Plan (savings proposals) in Appendix 6