Decision details
Housing Revenue Account (HRA) Budget 2014-15 and rent increase proposals for council dwellings for 2014-15
Decision Maker: Executive
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: No
Purpose:
To consider and agree a balanced HRA budget for 2014-15 and to agree the level of rent and service charge increase for Council dwellings for 2014-15.
Decision:
(i) that the HRA forecast outturn 2013/14 (Appendix 1 Table 1) be noted;
(ii) that the savings/budget reductions for 2014/15 as set out in paragraph 3.48.3 be approved;
(iii) that the HRA budget growth for 2014-15 of £3.740m as set out in paragraph 3.48.4 be approved;
(iv) that approval be given to an average overall rent increase (excluding service charges) from April 2014 of £4.67 per week, which is an average overall increase of 4.39%, as set out in further detail in paragraphs 3.23 to 3.29;
(v) that approval be given to to increase HRA Council Dwelling service charges from April 2014 by 3.2%, which is an average increase of £0.21 per dwelling per week;
(vi) that approval be give to the proposals for the HRA budget for 2014/15 as set out in Table 1 on Appendix 1 of this report and agree that they be included in the overall Budget for 2014-15 for approval by Full Council on 3 March 2014;
(vii) that approval be given to an average overall rent increase from April 2014 of £4.53 per dwelling per week on the Brent Stonebridge Dwellings, which is an average overall rent increase of 3.7% as set out in paragraph 3.62;
(viii) that approval be given to decrease the service charges on the Brent Stonebridge Dwellings from April 2014 by an average of 11.4% or an average of £1.01 per dwelling per week as set out in paragraph 3.64.
Wards Affected: (All Wards);
Contact: Eamonn McCarroll, Operational Director, Finance Email: eamonn.mccarroll@brent.gov.uk Tel: 020 8937 2468.
Report author: Eamonn McCarroll
Publication date: 20/02/2014
Date of decision: 17/02/2014
Decided at meeting: 17/02/2014 - Executive
Accompanying Documents: