50 HRA Medium Term Financial Strategy (01:06:23) PDF 218 KB
To receive a report from the Director of Finance, Assets & Resources providing an estimate of the budget required for the operation of the Housing Revenue Account (HRA) from 2017/18 – 2020/21.
Additional documents:
Minutes:
The Group had before it, and NOTED, a report * from the Director of Finance, Assets & Resources providing an estimate of the budget required for the operation of the Housing Revenue Account (HRA) from 2017/18 - 2020/21.
It was explained that the largest number in the Housing Revenue Account (HRA) related to the dwelling rent figure. Central government had indicated that Mid Devon’s Formula Rent would now decrease 1% each year for the next three years. The Medium Term Financial Strategy had assumed this reduction, however, the report concluded by stating the HRA should be able to deliver the services it proposed.
Note: * Report previously circulated; copy attached to the signed minutes.