1. That the proposed 2019-20 Home Owners Fund (HOF) budget of £375,133 as summarisedin Appendix 1 of the report be approved, following consultation with the Home Owner Fund Management Committee (HFMC) and the Home Owner Council (HOC).
2. That it be noted that – at the request of the previous cabinet member – the budget proposed for this year also includes proposals for expenditure of HOF reserves, meaning that expenditure exceeds revenue income, with the gap being filled by HOF reserves.
3. That it be noted that this approval is further subject to the requirement that expenditure involving the procurement of external services is subject to compliance with current internal governance requirements and procurement and financial practices as set out in paragraph 22 and in Appendix 2 of the report.