(i) To consider the report and agree that the recommendations, as set out below, be made to Council at the meeting on 15 February 2017.
It is recommended that Council:
(i) To thank the Tenant Resources Group for their input to the capital and revenue budget setting process and to note their endorsement of the recommendations set out in this report and also the broad support for the proposals received at the Tenants’ Winter Conference.
(ii) To approve that, from 1 April 2017, a standard decrease should be applied to all dwelling rents of 1.0%, as set out in paragraph 18 of this report, equivalent to an average decrease of £0.86 per week in the current average weekly dwelling rent figure of £86.20.
(iii) To note the following weekly service charges from 1 April 2017 based on a full cost recovery approach:
• Digital TV £0.42 (unchanged from 2016/17)
• Concierge monitoring £1.20 (unchanged from 2016/17)
• Tower Block Warden £4.97 (unchanged from 2016/17)
• Cleaning service in walk-up blocks £0.63 (unchanged from 2016/17).
(iv) To note the weekly service charges for supported accommodation from 1 April 2017:
• Call Monitoring Charge - £1.25 (unchanged from 2016/17)
• Careline Silver - £3.00 (unchanged from 2016/17)
• Careline Gold - £4.25 (unchanged from 2016/17)
(v) To note that the charges to Council tenants for garages and parking spaces for 2017/18 will increase by 1% in line with CPI as at September 2016.
(vi) To approve the Housing Revenue Account Revenue Estimates as set out in the attached Appendix 1.
(vii) To approve the 30 year Business Plans for revenue and capital expenditure set out in Appendices 2 and 3 respectively.
(viii) To note the HRA Business Plan - Planning Assumptions, as set out in Appendix 4.
(ix) To note that rental income and service charge payments will continue to be paid by tenants over a 48 week period.