Decision details

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.

(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.