Agenda item

Report of the Chamberlain and the Director of Community & Children's Services

The Sub Committee received a report from the Chamberlain and the Director of Community and Children’s Service in relation to the Housing Revenue Account (HRA) and Capital Budgets 2013/14.

Members discussed the Asset Management Plans and Capital Receipts, and noted that 30 year plans focussed on aims, objectives and cyclical events rather than practical details which were included in a 5 year plan. In response to a Member’s question, the Chamberlain reported that the City of London Corporation was not one of the Councils drawing funds from tenant rent accounts to support the general fund.

RESOLVED – that:

a)    The proposed budget be approved for submission to the Finance Committee;

b)    The Draft Capital Budget be approved; and

c)    Authorisation be given to the Chamberlain to revise these budgets to allow for further implications arising from departmental reorganisations and other reviews.