The Executive received a report which set out the Council’s draft Housing Revenue Account (HRA) budgets for 2020-21. The Portfolio Holder reported that the four year rent reduction period would end in 2020. Regarding paragraph 6.10 of the report concerning an increase in the client-side consultancy budget, it was explained that, due to the New Vision Homes contract expiring in March 2022, Officers had sought a budget increase in order to obtain external specialist advice to support the key decisions to be made.
RESOLVEd
That (i) the draft Housing Revenue Account budgets for 2020/21, as set out in Appendix 1 to the report, be agreed; and
(ii) Managers, Corporate Management Group and Portfolio Holders continue detailed budget preparation for consideration by the Executive in February 2020.
Reason: Consideration of these proposals will enable the preparation of the Council’s Housing Revenue Account budgets for 2020/21 to proceed.