BCa/18/63 –HOUSING REVENUE ACCOUNT (HRA) BUDGET AND FOUR YEAR OUTLOOK
It was RESOLVED: -
That Cabinet recommends to Council:-
1.1 That the HRA Budget proposals set out in the report be approved.
1.1 That the Housing Revenue Account (HRA) Capital Programme 2019/20 to 2022/23 and HRA Budget for 2019/20 be agreed.
1.2 That the mandatory decrease of 1% in Council House rents, equivalent to an average rent reduction of £0.90 a week as required by the Welfare Reform and Work Act, be implemented.
1.3 That garage rents be kept at the same level as last year.
1.4 That Sheltered Housing Service charges be kept at the same level as last year.
1.5 That Sheltered Housing utility charges be increased by 5% (average £0.61 increase per week).
1.6 That in principle, Right to Buy receipts should be retained to enable continued development and acquisition of new council dwellings.
1.7 That the revised HRA Business Plan in Appendix B of the report be noted.
Alternative Options Considered and Rejected:
The Housing Revenue Account Budget for 2019/20 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