Issue - meetings
Housing Revenue Account Budgets 2020-21
Meeting: 13/02/2020 - Council (Item 8)
Housing Revenue Account Budgets 2020-21 EXE20-002
Additional documents:
Meeting: 06/02/2020 - Executive (Item 7)
7 Housing Revenue Account Budgets 2020-21 EXE20-002 
PDF 134 KB
Reporting Person – Leigh Clarke
Additional documents:
- EXE20-002 Appendix 1, item 7
PDF 27 KB
- Webcast for Housing Revenue Account Budgets 2020-21 EXE20-002
Minutes:
The Executive received the Housing Revenue Account (HRA) Budgets 2020-21 for recommendation to Council. Councillor Azad reported that the four year rent reduction period would come to an end and that rent increases would return to CPI + 1% with effect from April 2020. It was noted that the rent reduction had resulted in a significant impact on the financial position of the HRA with it receiving some £6m less income over the four years. The effect of the Sheerwater Regeneration on the HRA was highlighted.
REcommended to Council
That (i) the Housing Revenue Account budget for 2020/21 as set out in Appendix 1 to the report be approved; and
(ii) with effect from 6 April 2020, rents be increased by 2.7%.
Reason: To recommend that the Council approves the resources necessary to implement its objectives and to enable the Council to determine charges to tenants for 2020/21.