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Waverley Borough Council Committee System - Committee Document

Meeting of the Executive held on 04/12/2007
Draft Housing Revenue Account Capital Programme 2008/09



APPENDIX E.3
Waverley Borough Council

EXECUTIVE - 4TH DECEMBER 2007

Title:

DRAFT HOUSING REVENUE ACCOUNT CAPITAL PROGRAMME 2008/09

[Portfolio Holder for Finance: Cllr M H W Band
Portfolio Holder for Housing: Cllr Mrs P M Frost]
[Wards Affected: All]

Summary and purpose:

This report puts forward proposals for the draft 2008/09 three-year Capital Programme in respect of the Housing Revenue Account (HRA). Members are invited to comment on the proposals, particularly those for 2008-09.

Environmental implications:

There are no direct environmental implications from the recommendations in this report.

Social / community implications:

The shortfall of resources to carry out decent homes work in particular has implications for the quality of life of the Council’s tenants in terms of individual properties, estate and environmental improvements

E-Government implications:

There are no e-government implications arising from this report.

Resource and legal implications:

The report outlines the limited level of resources available for spending on capital work within the HRA and the potential consequences of this shortfall.

Introduction

1. Each year, the Council reviews its three-year Capital Programme and in particular agrees the provisions to be included within the Budget for the year ahead. The overall parameters for the Capital Programme are set out within the Council’s Financial Strategy. Proposals for the 2008/2009 HRA Capital Programme are attached at Annexe 1 for consideration by Members.

2. The proposals build on the updated Capital Programme seen by Members at the meeting on 10th July 2007 that incorporated the double-glazing programme.

3. It is currently estimated that the resources available for the HRA Capital Programme 2008-09 to 2010-11 are 19.6m. The proposed spend profile in the draft Programme at Annexe 1 will reduce accumulated resources to 0.5m at the end of 2010-11. Decisions already taken by the Council in respect of HRA asset sales and those decisions taken in the future will supplement this amount but will be taken into account once the capital receipts have been achieved.

4. Beyond 2010-11 the basic resources to finance the Capital Programme each year will be the Major Repairs Allowance and any residual receipts from sale of council houses. This is currently estimated to total 4m each year.

5. In compiling the draft capital programme, health and safety works remain a priority in addition to completing the programme of double-glazing. Some of this work contributes to achieving the decent homes standard.

Conclusion

6. The draft Capital Programme is within the resources currently available to the HRA. Additional resources may become available for targeting at decent homes work but Waverley is unlikely to be able to fund programmes of work of the size required to meet decent homes in the foreseeable future.

Recommendation

It is recommended that the Executive give initial consideration to the draft 2008/09 HRA Capital Programme.

Background Papers (DoF)

There are no background papers (as defined by Section 100D(5) of the Local Government Act 1972) relating to this report.

CONTACT OFFICER:

Name: Glennis Pope Telephone: 01483 523252

E-mail: gpope@waverley.gov.uk


Comms/exec/2007-08/178