Decision Maker: Babergh Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
To endorse the HRA Budget for recommendation for Council
It was RESOLVED: -
1.1 That the HRA Budget proposals for 2022/23 set out in the report be endorsed for recommendation to Council on 21 February 2022.
1.2 That the CPI + 1% increase of 4.1% in Council House rents, equivalent to an average rent increase of £3.72 a week for social rents and £5.23 a week for affordable rents be implemented.
1.3 That garage rents were kept at the same level as 2021/22.
1.4 That Sheltered Housing service charges were kept at the same level as 2021/22.
1.5 That Sheltered Housing utility charges were kept at the same level as 2021/22.
1.6 That the budgeted surplus of £511k be transferred to the Strategic Priorities reserve in 2022/23
1.7 That in principle, Right to Buy (RTB) receipts should be retained to enable continueddevelopment and acquisition of new council dwellings.
REASON FOR DECISION
To bring together all the relevant information to enable Cabinet Members to review, consider and comment upon the Councils Housing Revenue Account budget for recommendations to Council.
Alternative Options Considered and Rejected:
The Housing Revenue Account Budget for 2022/23 is an essential element in achieving a balanced budget and sustainable medium-term position, therefore no other options are appropriate in respect of this.
Any Declarations of Interests Declared: None
Any Dispensation Granted: None
Publication date: 08/02/2022
Date of decision: 07/02/2022
Decided at meeting: 07/02/2022 - Babergh Cabinet
Effective from: 12/02/2022
Accompanying Documents: