Decision details

Financial Strategy 2014/15 to 2018/19

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Decision Maker: Executive

Decision status: Decision Made

Is Key decision?: No

Is subject to call in?: Yes

Purpose:

Purpose of Report: To provide Members with an overview of the 5 year finance strategy.

Members are asked to note the issues and recommend the budget to Full Council.

Decision:

Resolved: That Cabinet approve the average rent increase for 2014/15, as shown in table 14 and paragraphs 83 to 87, of the report, as 4.95%. This rent increase will be applied across council dwellings, hostels and Gypsy, Roma and Traveller Community sites. It is proposed that in addition to the average rent increase to Gypsy, Roma and Traveller Community pitch rents, a flat rate additional increase of £25 per week per pitch is also applied, to fund increased management of the sites.

Reason: To ensure the ongoing financial stability of the HRA and allow work on improving the quality of the council’s affordable housing to continue.

Report author: Debbie Mitchell

Publication date: 11/02/2014

Date of decision: 11/02/2014

Decided at meeting: 11/02/2014 - Executive

Effective from: 14/02/2014

Accompanying Documents: