Issue - meetings

To set out and seek Cabinet’s approval of:

·                    A Revised Housing Revenue Account (HRA) budget for 2016/17 and Original HRA Budget for 2017/18, including the movement in HRA balances;

·                     The level of fees and charges for 2017/18; and

·                     The five-year HRA Capital Programme.

In addition to the above, Cabinet is asked to note the 1% reduction in rents along with an update on the various housing related issues and challenges faced by the Council following recent announcements by the Government/other public sector partners.

That:

1.               the 2017/2018 Scale of Charges, as detailed at Appendix B to the report, be approved;

2.               the 1% reduction in actual rents and formula rents in 2017/2018, in line with the Government’s imposed restrictions on rent-setting policy, be noted;

3.               subject to 1 and 2 above, the Housing Revenue Account revised estimates for 2016/2017 and original estimates for 2017/2018, as set out at Appendix A to the report, along with the HRA Capital Programme and the movement in HRA Balances and Reserves, as set out at Appendices C and D to the report respectively, be approved; and

4.               in respect of 2016/2017, the corporate financial system be amended accordingly to reflect these changes, along with any amendments arising from revised financial reporting requirements.

There was submitted a report, which set out, and sought the Cabinet’s approval to:

(i)            a Revised Housing Revenue Account (HRA) Budget for 2016/2017 and Original HRA Budget for 2017/2018, including the movement in HRA balances;

(ii)           the level of fees and charges for 2017/2018; and

(iii)          The five-year HRA Capital Programme

In addition to the above, Cabinet was requested to note the 1% reduction in rents along with an update on the various housing related issues and challenges faced by the Council following recent announcements by the Government and other public sector partners.

Accordingly, it was moved by Councillor G V Guglielmi, seconded by Councillor Honeywood and:

RESOLVED that:

1.    the 2017/2018 Scale of Charges, as detailed at Appendix B to the report, be approved;

2.    the 1% reduction in actual rents and formula rents in 2017/2018, in line with the Government’s imposed restrictions on rent-setting policy, be noted;

3.    subject to 1 and 2 above, the Housing Revenue Account revised estimates for 2016/2017 and original estimates for 2017/2018, as set out at Appendix A to the report, along with the HRA Capital Programme and the movement in HRA Balances and Reserves, as set out at Appendices C and D to the report respectively, be approved; and

4.    in respect of 2016/2017, the corporate financial system be amended accordingly to reflect these changes, along with any amendments arising from revised financial reporting requirements.