Decision

Revenue

1.      To approve the draft 2013/14 Housing Revenue Account budget as set out in Appendix 1.

2.      To approve the draft 2013/14 Management Fee payable to Tower Hamlets Homes (THH) of £32.429 million as set out in Table 3 in section 9.2.

3.      Subject to 2. above, note that under the Management Agreement between the Council and THH, THH will manage delegated income budgets of £84.2 million and delegated expenditure budgets of £25.1 million on behalf of the Council in 2013/14.

4.      To note the HRA Medium Term Financial Plan (2013-16) outlined in Appendix 2.

Capital

5.      To adopt a capital estimate of £980,000 for the award of Disabled Facilities Grants, as outlined in paragraph 12.1, subject to funding being confirmed by the DCLG and the Department of Health.

6.      To adopt a capital estimate of £250,000 in respect of Private Sector Improvement Grants, including Empty Property Grants, for 2013-14, to be financed from ring-fenced resources received from the East London Renewal Partnership (paragraph 12.2).

7.      To agree to increase the capital estimate in respect of conservation works for Bethnal Green Terrace by £351,000, as outlined in paragraph 13.1.

8.      To adopt a capital estimate of £320,000 in respect of pedestrian crossing works in Whitechapel Road, as outlined in paragraph 13.2.

Action by:

CORPORATE DIRECTOR OF DEVELOPMENT AND RENEWAL (A. DALVI)

(Service Head Resources, C. Holme)

(Finance Manager, P. Leeson)

(Senior Accountant, Development and Renewal, K Ball)