Council services by letter

Decision details

||

Draft HRA Budget 2020-21 and MTFS 2021-22 to 2022-23

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

Recommend draft HRA Budget 2020-21 and MTFS to Cabinet for approval

Decisions:

RESOLVED:  That

 

(1)          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 of the report, be approved;

 

(2)          the proposed average weekly tenant service charge of £3.30 per week, as set out in paragraph 37 of the report, be approved;

 

(3)          the 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 of the report, be approved.

 

(4)          an increase in the overall Housing Revenue Account (HRA) Capital programme of £97,910,390 made up £15,779,160 planned investment and £82,131,230 Building Council Homes for Londoners (BCHfL) as, set out in paragraphs 52 to 63 of the report, be approved;

 

(5)          proposed increases in Facilities and Community Halls charges of 5% and 4% respectively be approved and those for Garages and Water to remain unchanged, as set out in appendices 3 to 6 to the report;

 

(6)          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 and likely changes to be made in the final budget to be submitted to Cabinet on 13 February 2020;

 

·           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 draft 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: 10/01/2020

Date of decision: 09/01/2020

Decided at meeting: 09/01/2020 - Cabinet

Effective from: 18/01/2020

Accompanying Documents: