Decision Maker: Executive, Council
Decision status: Deleted
Is Key decision?: Yes
Is subject to call in?: Yes
This report seeks Executive approval for the revised budget for 2015/16, the base budgets, rents and fees and charges for 2016/17 and the capital programme with its financing for the years 2015/16 to 2019/20.
The Executive recommended and the Council approved, in February 2015, the base budget and rent increase for 2015/16, for Housing Revenue Account (HRA) services.
This report sets out the Housing Revenue Account revised budget for 2015/16 and base budget for 2016/17 along with the capital programme and financing for the years 2015/16 to 2019/20. The report examines the issues affecting the Housing Revenue Account including rent changes with effect from 4 April 2016.
Council budgets are susceptible to change in the level of expenditure and income caused by factors outside the Council’s control. A risk assessment has been carried out to indicate the effect on housing balances of changes in the level of expenditure and income. This can be used to estimate the account balances needed to provide a prudent level of reserves and a working balance.
RESOLVED that the Executive agrees to recommend to Council that:
(a) rents be approved for Council Dwellings as set out in paragraph 10 with effect from 4 April 2016;
(b) rents for Council garages be increased by 5% with effect from 4 April 2016;
(c) discretionary fees and charges be increased to provide a minimum increase of 5%, where possible, with effect from 4 April 2016;
(d) the revised budget for 2015/16 be approved;
(e) the base budget for 2016/17 be approved;
(f) the capital programme and financing for 2015/16 to 2019/20 be approved; and
(g) annual budgets and assumptions are set with the aim of ensuring sufficient surpluses are held to repay debt on the date of maturity of each loan.
Report author: Elaine Hammell, Kevin Golledge
Publication date: 10/02/2016
Date of decision: 08/02/2016
Decided at meeting: 08/02/2016 - Executive
Effective from: 20/02/2016
Accompanying Documents: