Decision details

It was RESOLVED

1.1          That the draft HRA Budget proposals for 2021/22 and four-year outlook set out in the report and detailed below be endorsed for recommendation to Council on 23 February 2021, subject to further consideration at the next Cabinet meeting on 4 February 2021.

1.2          That the CPI + 1% increase of 1.5% in Council House rents, equivalent to an average rent increase of £1.35 a week be implemented.

1.3       That garage rents are kept at the same level as 2020/21.

1.4       That Sheltered Housing Service charges be increased by £0.69 per week to ensure recovery of the actual cost of service.

1.5       That Sheltered Housing utility charges are kept at the same level as 2020/21.

1.6       That the budgeted surplus of £127k be transferred to the Strategic Priorities reserve in 2021/22.

1.7       That in principle, Right to Buy (RTB) receipts should be retained to enable continued development 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 before the February Cabinet and recommendations to Council.

Alternative Options Considered and Rejected: The Housing Revenue Account Budget for 2021/22 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