Decision details

Matter for Decision

The report referred to the scope and process for taking a fundamental review of the Housing Revenue Account (HRA),taking into account spend profiles, past and future spending pressures, and emergent priorities.

The Council are in the third year of self-financing for the HRA, whereby they manage a ring-fenced account entirely self-financed through income from rents, sales and investments, borrowing and grants. In 2014 the HRA revenue budget for expenditure on services, at the mid-year review was £15.33m and the HRA capital budget was £38.8m for the same year. Underlying these figures is a financial model that informs a 30 year business plan.

Decision of Executive Councillor for Housing

The Executive Councillor for Housing resolved to:

     i.        Approved the scope of the review set out in section 5 of the Officer’s report.

    ii.        Approved the timetable set out in section 10 of the Officer’s report.

Scrutiny Considerations

No questions or comments were made by the Committee.

The Committee:

Resolved unanimously to endorse the recommendation.

The Executive Councillor approved the recommendation.

Conflicts of Interest Declared by the Executive Councillor (and any Dispensations Granted)

No conflicts of interest were declared by the Executive Councillor.