Agenda item

Report of the Chief Financial Officer setting out the Housing Revenue Account revenue budget proposals for consultation for 2016/17 to 2018/19, attached.

DECISION MADE:  (CAB 15/16 15919)

On consideration of the report of the Cabinet Member for Housing and Sustainability, Cabinet agreed the following:

(i)  To note the formal staff consultation on the Executive’s draft budget proposals commenced on 9 November 2015 and public consultation will commence on 18 November 2015 and note the consultation proposals and methodology set out in paragraphs 4 to 10 of this report.

(ii)  To note the high level forecast for the HRA for 2016/17 and the underlying assumptions contained in the report.

(iii)  To note the Executive’s initial savings proposals put forward for consultation in Appendix 1 which amount to £4.311M in 2016/17 and £4.439M in subsequent years.

(iv)  To note that the Executive’s initial savings set out in Appendix 1 propose the deletion of 94.8 Full Time Equivalent (FTE) posts, of which 57.2 FTE are vacant, leaving 37.6 FTE at risk of redundancy or TUPE transfer.

(v)  To note that the Executive’s budget proposals for consultation are based on the assumption that they will recommend a rent decrease of 1% to Full Council in line with Government policy.

(vi)  To delegate authority to the Chief Financial Officer (CFO) and the Head of Housing Services following consultation with the Cabinet Member for Housing and Sustainability, to do anything necessary to give effect to the proposals contained in this report.