| Reference Number :- | 2032 |
| Date :- | 2011/01/26 |
| Decision Maker :- | Cabinet |
| Subject to Call-in :- | Yes |
| Subject of Decision :- | Housing Revenue Account Budget Proposals – Revised Budget 2010/11 and Original Budget 2011/12 |
| Decision :- | (a) That the 2011/12 Scale of Charges, shown in the VAT exclusive column of Appendix ‘B’ to the Joint Report of the Head of Housing Services and Head of Financial Services, be approved and subject to any wider changes being made by Essex County Council, any amendments required to the charge for supporting people be delegated to the Head of Housing Services in consultation with the Housing Portfolio Holder. (b) That the level of rents for 2011/12, based on an increase in the average rent of 7.07% with no tenant bearing an increase of more than the limit set out in the Government’s rent setting policy of RPI (4.6%) + 0.5% plus £2.00 per week, be approved. (c) That the Housing Revenue Account revised estimates for 2010/11 and original estimates for 2011/12, as set out in Appendix ‘C’ to the aforementioned report, be approved and that the corporate financial system be amended accordingly to reflect those changes together with any amendments arising from the new International Financial Reporting requirements. (d) That when the specific subsidy determination relating to supported borrowing for 2011/12 is issued by the Government, if the financial position is more or less advantageous to the Council then any increase or decrease is adjusted against the transfer to/from HRA Balances and the HRA Capital Programme is adjusted accordingly in consultation with the Housing Portfolio Holder. (e) That when the final supporting people grant is issued by Essex County Council, if the financial position is less advantageous to the Council then any decrease is adjusted against the transfer to/from HRA Balances to enable a balanced budget to be set with a review of the service provision including fees and charges to be undertaken in 2011. |
| Reason for Decision :- | Having considered the information submitted by the Head of Housing Services and Head of Financial Services. |
| Alternative Options Considered :- | None |
| Conflicts of Interest Delared (and Dispensations Granted by the Monitoring Officer) :- | None |
| Contact Officer :- | Head of Housing Services - Paul Price and Head of Financial Services - Karen Neath |
| Decision to Take Effect at end of :- | 2011/02/03 |
| Attachments :- | Housing Revenue Account Budget Proposals (118K/bytes) |