Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
It was RESOLVED:
1.1 That the HRA revenue budget proposals for 2020/21 and longer-term outlook set out in the report and the updates tabled at the meeting be endorsed for recommendation to Council on 26 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 26 February 2020.
1.3 That the CPI + 1% increase of 2.7% in Council House rents, equivalent to an average rent increase of £2.38 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 £26k.
1.6 That Sheltered Housing utility charges are kept at the same level as 2019/20.
1.7 That the budgeted surplus of £334k be transferred to 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 Declarations of Interests Declared: None
Any Dispensation Granted: None
Publication date: 13/02/2020
Date of decision: 11/02/2020
Decided at meeting: 11/02/2020 - Babergh Cabinet
Effective from: 21/02/2020