Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
It was RESOLVED:-
1.1 That the draft HRA Budget proposals for 2020/21 and four-year outlook set out in the report and detailed below be endorsed for recommendation to Council on 27 February 2020, subject to further consideration at the next Cabinet meeting on 10 February 2020.
1.2 That the CPI + 1% increase of 2.7% in Council House rents, equivalent to an average rent increase of £2.19 a week be implemented.
1.3 That garage rents are kept at the same level as 2019/20.
1.4 That Sheltered Housing Service charges be increased by £2 per week to ensure recovery of the actual cost of service.
1.5 That Sheltered Housing utility charges be increased by 5% (average £0.62 increase per week).
1.6 That the budgeted deficit of £612k be transferred from the HRA Reserves in 2020/21.
1.7 That in principle, Right to Buy (RTB) receipts should be retained to enable continued development and acquisition of new council dwellings.
1.8 That the revised HRA Business Plan in Appendix B of the report be noted.
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 before the February Cabinet and recommendations to Council.
Alternative Options Considered and Rejected: The Housing Revenue Account Budget for 2020/21 and four-year outlook 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 Interest Declared: None
Any Dispensation Granted: None
Publication date: 14/01/2020
Date of decision: 13/01/2020
Decided at meeting: 13/01/2020 - Mid Suffolk Cabinet
Effective from: 22/01/2020