Issue - meetings

The Business Manager - Financial Services presented a report in relation to the Housing Revenue Account Budget and rent setting for 2021/22.  The report showed the actual outturn of the Housing Revenue Account for the year 2019/20; examined the proposed income and expenditure on the Housing Revenue Account for 2021/22 in accordance with Section 76 of the Local Government and Housing Act 1989; and provided indicative figures of income and expenditure for the financial years 2022/23 to 2024/25. The report also made recommendations to set rent levels and service charges for 2021/22 with effect from April 2021.

The setting of the Housing Revenue Account budget and the approval of rent levels would be presented to the Full Council Meeting in February 2021, which would allow the required time to notify tenants of proposed changes to rents in accordance with the legislation. 

AGREED (unanimously) to recommend to Full Council at its meeting on 9 February 2021:  

(a)    the HRA budget for 2021/22, as set out in Appendix A1 to the report;

(b)   an increase of 1.5% (CPI + 1%) in the 2021/22 rents of all properties in the HRA as at 31 March 2021;

(c)      an increase of 1.5% (CPI + 1%) in all 2021/22 service charges, except for the television (TV) licence costs payable by tenants of Gladstone House; and

(d)      that the TV licence costs payable by tenants of Gladstone House in 2021/22 remain at £0.21 per week.

Reason for Decision

To advise Members of the proposed HRA budget and changes in rent and service charge levels for 2021/22 and for these to be recommended to Council at its meeting on 9 February 2021.