Agenda item

RECOMMENDED:

1.            THAT THE 2020/21 HOUSING REVENUE ACCOUNT BUDGET AND FINAL FORECAST FOR 2019/20 BE APPROVED, AS DETAILED IN APPENDICES 1 AND 2 TO THE REPORT.

2.            THAT A RENT INCREASE IN 2020/21 BE APPROVED IN ACCORDANCE WITH THE GOVERNMENT’S NATIONAL RENT STANDARD (SEPTEMBER CPI + 1%) RESULTING IN AN AVERAGE RENT INCREASE OF 2.7%.

3.            THAT CAPITAL EXPENDITURE IN 2020/21 OF £9.1M BE APPROVED FOR THE MAINTENANCE, IMPROVEMENT AND RENEWAL PROGRAMME AS DETAILED IN APPENDIX 3 OF THE REPORT, IN ACCORDANCE WITH FINANCIAL PROCEDURE RULE 6.4.

4.            THAT CAPITAL EXPENDITURE IN 2020/21 OF £26.91M BE APPROVED FOR THE NEW BUILD PROGRAMME AS DETAILED IN APPENDIX 4 OF THE REPORT, IN ACCORDANCE WITH FINANCIAL PROCEDURE RULE 6.4.

5.            THAT FUNDING FOR THE HRA CAPITAL PROGRAMME BE APPROVED, AS DETAILED IN APPENDIX 5 OF THE REPORT, INCLUDING THE ADDITIONAL BORROWING REQUIREMENT.

6.            THAT THE HRA FINANCIAL PLAN OPERATING ACCOUNT EXTRACT BE APPROVED, INCLUDING ANNUAL WORKING BALANCES, AS DETAILED IN APPENDIX 6.   

(CAB3214)

Councillor Learney (Cabinet Member for Housing and Asset Management), moved that the recommended minute be approved and adopted (seconded by Councillor Weir, Cabinet Member for Local Economy).

Council proceeded to ask questions and debate the matters in the report and recommended minute.

RESOLVED:

That the recommended minute of Cabinet  held 12 February 2020 (as follows) be approved and adopted:

1.            That the 2020/21 Housing Revenue Account budget and final forecast for 2019/20 be approved, as detailed in Appendices 1 and 2 to the report.

2.            That a rent increase in 2020/21 be approved in accordance with the government’s national rent standard (September CPI + 1%) resulting in an average rent increase of 2.7%.

3.            That capital expenditure in 2020/21 of £9.1m be approved for the maintenance, improvement and renewal programme as detailed in Appendix 3 of the report, in accordance with financial procedure rule 6.4.

4.            That capital expenditure in 2020/21 of £26.91m be approved for the New Build Programme as detailed in Appendix 4 of the report, in accordance with Financial Procedure Rule 6.4.

5.            That funding for the HRA capital programme be approved, as detailed in Appendix 5 of the report, including the additional borrowing requirement.

6.            That the HRA financial plan operating account extract be approved, including annual working balances, as detailed in Appendix 6