1. OPTIONS FOR FUTURE MANAGEMENT OF ROUPELL PARK
Taking More Control
OPTIONS FOR FUTURE MANAGEMENT OF ROUPELL PARK

2. BACKGROUND Business Plan Board assessed 4 options Do nothing
Self Financing
Stock transfer to stand alone HA
Stock Transfer to an existing HA.
Agreed to take forward further investigation of Self Financing

3. NOTHING IS DECIDED! Series of stages Can stop at any stage
Will need final agreement of Council

4. SELF FINANCING – WHAT IT DOESN’T CHANGE!
Council owns estate
You remain a Council Tenant or Leaseholder
You keep your Secure Tenancy
The Council sets rents
We remain a Resident Management Organisation
We would hold a continuation ballots

5. WHAT IS SELF FINANCING
At the moment the Council collect all rent and service charges and pay an allowance
With Self financing we keep all rent and service charges
We take on all roles and responsibilities including major repairs
We have greater choice as to how we deliver services
Accountable to Council
Accountable to you

6. How do we afford it NOW Current allowance is £1,322,125.
Assumed allowance in 2047 £3,368,164
Cumulative surplus over period of plan £8,660,380
SELF FINANCING
Assumed income 2019 £2,934,392
Assumed Income 2047 £7,625,988
Cumulative surplus over period of plan £31,158,096

7. PLANNING FOR THE FUTURE
Stock Condition Survey
Review every 5 years
Tells us what we need to spend and when and how much
30 year business plan
Estimate £12,573,837 needed for major works (our estimated surplus is £31,158,096)

8. BENEFITS We know what needs to be done and when
We know how much work will cost
Leaseholders know future costs and can budget
You help to draw up the specification of works
Residents can choose the contractors
We can ensure that necessary work is done
We can deliver the services you want and can tailor them to our needs

9. RISKS Poor Planning Poor Management Increased costs Reduced surpluses
Mitigation
Ongoing Council oversight and ownership
Independent Board members
Accountability
Continuation Ballot

10. WHAT HAPPENS NEXT Drop in sessions – 16/17 October
Further newsletters and flyers
Door knocking by Board
Test of Opinion – from 21 October
If +ve discussions with Council
Detailed business planning
Final presentation of plans to Council for Approval
If going forward looking for new arrangements in April 2020

11. CONCLUSION Nothing is decided Ownership remains with Council
Remain tenants and leaseholders of Council
We have more control
We can plan properly for future investment
We ensure you know what is happening, when and how much it will cost
You decide