51 BCa/20/20 DRAFT HOUSING REVENUE ACCOUNT (HRA) 2021/22 BUDGET AND FOUR-YEAR OUTLOOK PDF 294 KB
Cabinet Member for Finance
Decision:
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
Minutes:
51.1 The report was introduced by the Cabinet Member for Finance.
51.2 The recommendations in the report were proposed by Councillor Ward and seconded by Councillor Osborne, the Cabinet Member for Housing.
51.3 Councillor Osborne responded to a question from Councillor Arthey regarding garage sites and confirmed that work on these sites was continuing.
51.4 Following a question from Councillor Busby regarding the strategy used for the purchase of homes, the Assistant Director for Housing provided details of how the Housing team and the Assets and Investments team identified suitable properties.
51.5 Councillor Holt referred to paragraph 5.16 of the report and commented that a rolling programme should be in place to purchase properties in order avoid the need to repay unspent monies to the Government. Councillor Ward confirmed that a programme was in place. However, it was reliant on opportunities to purchase suitable properties.
51.6 Members expressed thanks to the Housing Team for their work.
By a unanimous decision
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.