Babergh and Mid Suffolk District Councils
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Decision details

Decision Maker: Mid Suffolk Cabinet, Mid Suffolk Council

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

To approve the 2020/21 HRA Budget

Decision:

It was RESOLVED:-

 

1.1   That the HRA revenue budget proposals for 2020/21 and the longer-term outlookset out in the report and the updates tabled at the meeting be endorsed for recommendation to Council on 27 February 2020 as detailed below.

1.2   That the HRA capital budget proposals for 2020/21 set out in Appendix A in the report be endorsed for recommendation to Council on 27 February 2020.

1.3   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.

1.4   That garage rents are kept at the same level as 2019/20.

1.5   That Sheltered Housing Service charges be increased by £2 per week to reduce the subsidy by £30k.

1.6   That Sheltered Housing utility charges be increased by 5% (average £0.62 increase per week).

1.7   That the budgeted deficit of £564k be transferred from the HRA Reserves in 2020/21.

1.8   That in principle, Right to Buy (RTB) receipts should be retained to enable continued development and acquisition of new council dwellings.

1.9   That the revised 30-year 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 recommendations to Council.

 

Alternative Options Considered and Rejected: The Housing Revenue Account Budget for 2020/21 and longer-term 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 Declaration of Interest Declared: None

Any Dispensation Granted: None

 

Publication date: 11/02/2020

Date of decision: 10/02/2020

Decided at meeting: 10/02/2020 - Mid Suffolk Cabinet

Effective from: 19/02/2020

Accompanying Documents: