Decision details
REPORT REFERRED FROM THE EXECUTIVE - HOUSING REVENUE ACCOUNT FINAL BUDGET PROPOSALS 2019/2020 AND RENT SETTING
Decision Maker: Council
Decision status: For Determination
Is Key decision?: Yes
Is subject to call in?: No
Decision:
Prior to the debate, the Chief Executive referred to the Supplementary Agenda (tabled), which set out the Executive’s recommendations to Council following consideration of this matter at its meeting held on 23 January 2019. In addition, the Chief Executive advised that there was an amendment to Page 42 of the agenda (item SC18) – the figure in the second column should be £2 per week rather than £2 per year.
The Portfolio Holder for Housing Health and Older People in consultation with the Assistant Director Finance and Estates agreed to send a written response to Councillor Parker regarding future rent increases in view of the Government Policy around recent rent caps.
It was RESOLVED:
1. That Council be recommended to approve HRA dwelling rents not subject to the 1% rent reduction (currently Low Start Shared Ownership LSSOs) be increased, week commencing 1 April 2019 by 3.4% i.e. £3.86 per week which has been calculated using the existing rent formula, CPI +1% in line with the Rent and Service Charge Policy approved at the January 2018 Council.
2. That it be noted that HRA dwelling rents, (other than those outlined in 2.1) are subject to the 1% rent reduction from week commencing 1 April 2019 or £0.96 and £1.60 per week for social and affordable rents respectively, as outlined in the Government’s Welfare Reform and Work Act 2016.
3. That Council be recommended to approve the 2019/20 HRA budget, as set out in Appendix A.
4. That Executive approve the revised 2018/19 HRA budget as set out in Appendix A.
5. That Council be recommended to approve the HRA Fees and Charges as outlined in Appendix C.
6. That Council be recommended to approve the 2019/20 service charges.
7. That Council be recommended to approve the minimum level of reserves for 2019/20 as shown in Appendix D to this report.
8. That the contingency sum of £250,000 within which the Executive can approve supplementary estimates, be approved for 2019/20 (unchanged from 2018/19.
9. That Council notes the comments from the overview and Scrutiny Committee as set out in the report.
Report author: Clare Fletcher
Publication date: 01/02/2019
Date of decision: 30/01/2019
Decided at meeting: 30/01/2019 - Council
Accompanying Documents:
- Item 4 - Final HRA 2019-20v2 PDF 775 KB
- Item 2 - Appendix A HRA Final 2019-20 FINAL PDF 117 KB
- Item 2 - Appendix B Financial Security Options by Strand HRA.sx PDF 123 KB
- Item 2 - Appendix C HRA Fees Charges 2019-20 PDF 154 KB
- Item 2 - Appendix D FINAL Risk Assessment of Balances 2019-20 PDF 72 KB
- Item 2 - Appendix E Financial Security Options Report Appendix_EQIAs_Jan 19 PDF 301 KB
- Council - 30.1.19 - Supp Agenda PDF 68 KB
- Final HRA 2019-20 - Revised Page 7 of Agenda PDF 82 KB