Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: No
To recommend HRA Budget 2020-21 and MTFS to Council for approval
Resolved to RECOMMEND: (to Council)
That
(1) the Housing Revenue Account Budget for 2020-21 be approved;
(2) the Housing Revenue Account Capital Programme, as set out at Appendix 7 to the report, be approved.
[Call-in does not apply to the decision above as it was reserved to full Council.]
RESOLVED: That
(3) the proposed average weekly rent for non-sheltered and sheltered accommodation of £116.24 and £96.71 for 2020-21 respectively as set out in paragraph 30, be approved;
(4) proposed average weekly tenant service charge of £3.30 per week as set out in paragraph 37, be approved;
(5) proposed average weekly rents for affordable rented and shared ownership accommodation of £202.21 and £210.45 for 2020-21 respectively as set out in paragraph 31 to 32, be approved;
(6) an increase in the overall HRA Capital programme of £103,377,380 made up £19,400,000 planned investment and £83,977,380 Building Council Homes for Londoners (BCHfL) as set out in paragraphs 52 to 62, be approved;
(7) proposed increases in Facilities and Community Halls charges of 5% and 4% respectively, and those for Garages and Water to remain unchanged as set out in appendices 3 to 6, be approved;
(8) the following be noted:
· reconfigured planned investment programme which was designed to reflect the revised focus and priorities as well as supporting increased flexibility in its delivery;
· assumptions made in construction of the budget;
· Risk Management Implications which required prudent financial reserves, volatility around borrowing costs and ongoing probability of reforms in the housing sector.
Reason for Decision: To recommend the HRA budget and capital programme for 2020-21 and the MTFS for 2021-22 to 2022?23.
Alternative Options Considered and Rejected: As set out in the report.
Conflict of Interest relating to the matter declared by Cabinet Member/Dispensation Granted: None.
Report author: Dawn Calvert
Publication date: 14/02/2020
Date of decision: 13/02/2020
Decided at meeting: 13/02/2020 - Cabinet
Accompanying Documents: