The Executive Meeting has endorsed and approved the Housing Revenue Account Asset Management Strategy and 30 Year Business Plan for the self-financing of the Housing Revenue Account through a one-off settlement from the Government.
A joint report (copies of which had been circulated) of the Corporate Director, Corporate and Support Services and the Service Director, Place Development was submitted providing the Scrutiny Committee with details of the current offer made by government to Stockport to self-finance its housing service and seeks the comments of the Scrutiny Committee on the work completed to date and the key assumptions to be used in preparing a 30 year Business Plan for the HRA.
The Executive Councillor (Communities), Councillor Mark Weldon attended the meeting and introduced the report.
RESOLVED – That the report and draft Asset Management Strategy and Business Plan be noted.
The Executive Meeting considered proposals for the self-financing of the Housing Revenue Account through a one-off settlement with the Government and endorsed the development of an Asset Management Strategy and Business Plan to facilitate the self-financing of the Housing Revenue Account as outlined in the report.