*RESOLVED –
1. That the Housing Repairs Budget of £8,691,000 for 2017/18, as set out at appendix 1 of the officer’s report be approved.
2. That the Housing Repairs Budget for 2018/19 and 2019/20 be decreased by £500,000 in each financial year, after which it will be set in accordance with the increase in the annual rate of inflation, as measured by the consumer price index (CPI).
3. That the Commercial Services Manager be delegated authority to transfer funds between responsive repairs budget heads in order to effectively manage and respond to fluctuations in tenant-led or weather dependent repairs.
REASONS FOR DECISIONS
To permit required maintenance of the Housing Stock.
To contribute to the delivery of a balanced and sustainable Housing Revenue Account, which is self-financing in the longer term.
To support working with tenants through the Customer Engagement Strategy.
To support the Council’s Vision and priorities within the Council Plan.