It was RESOLVED:-
1.1 That the draft HRA Budget proposals for 2020/21 and four-year outlook set out in the report be endorsed for recommendation to Council on 26 February 2020, subject to further consideration at the next Cabinet meeting on 11 February 2020.
1.2 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.
1.3 That garage rents are kept at the same level as 2019/20.
1.4 That Sheltered Housing Service charges be increased by £2 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 2019/20.
1.6 That the budgeted surplus of £298k be transferred to the HRA reserves in 2020/21.
1.7 That in principle, Right to Buy (RTB) receipts should be retained to enable continued development and acquisition of new council dwellings.
1.8 That the revised HRA Business Plan in Appendix B 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 the February Cabinet and recommendations to Council.
Alternative Options Considered and Rejected: The Housing Revenue Account Budget for 2020/21 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