Issue - meetings

To approve the budget for the Housing Revenue Account and the dwelling rents for 2010/11.

(Report attached).

RECOMMENDED that

1)         the draft 2010/11 Estimates for the Housing Revenue Account attached to the report at Appendix A, be approved;

2)         the actual average rent increase for 2010/11 be 2.6%;

3)        the Housing Revenue Account bids for revenue resources categorised as unavoidable and high set out in Appendix B be approved as follows:

              2010/11          £63,000

                                  2011/12          £49,000

                                  2012/13          £187,000;

4)                 the Housing Revenue Account bids for capital resources categorised as high and unavoidable set out in Appendix C be approved as follows:

                        2010/11          £600,000

                        2011/12          £730,000

                        2012/13          £6,020,000; and

5)                 the bid as recommended by the Overview and Scrutiny Committee be approved as follows:

            Cleaning and maintenance of flooring at Three Storey Flats - estimated cost £6,000.

A report was received that set out the initial estimates for 2010/11 and the proposed dwelling rent for the coming year. The actual average rent increase was recommended to be set at a level of 2.6% and there was reported to be scope in the Housing Revenue Account to approve all revenue and capital bids detailed within the report.

The Council’s negative housing subsidy position was noted as was the recent consultation exercise undertaken by the Government which was expected to result in councils being offered the opportunity for council housing services to be ‘self-financing’. The subsidy position from the Government for the current year was still to be received and could result in change should the Council’s own subsidy calculations have been incorrect.

RECOMMENDED that

1)         the draft 2010/11 Estimates for the Housing Revenue Account attached to the report at Appendix A, be approved;

2)         the actual average rent increase for 2010/11 be 2.6%;

3)        the Housing Revenue Account bids for revenue resources categorised as unavoidable and high set out in Appendix B be approved as follows:

              2010/11          £63,000

                                  2011/12          £49,000

                                  2012/13          £187,000;

4)                                                                                                             the Housing Revenue Account bids for capital resources categorised as high and unavoidable set out in Appendix C be approved as follows:

                        2010/11          £600,000

                        2011/12          £730,000

                        2012/13          £6,020,000; and

5)                                                                                                             the bid as recommended by the Overview and Scrutiny Committee be approved as follows:

            Cleaning and maintenance of flooring at Three Storey Flats - estimated cost £6,000.