Decision:
The
report provided a breakdown of the pressures and mitigation/savings
options for the Housing Revenue Account in 2023/24. Members were
asked to endorse the mitigation options presented in the
paper. |
|
9.2 |
RESOLVED UNANIMOUSLY: That the Housing Policy Committee:-
1. Endorses the Housing Revenue Account savings proposals/mitigations as set out in this report and recommends to the Strategy and Resources Committee that they be approved as part of the Council’s budget for 2023/24
3. Acknowledge that the final decision on council
housing rents will be taken at the Full Council in February once
the outcome of the government consultation on the Rent Standard is
known. |
9.3 |
Reasons for Decision |
9.3.1 |
Members
were asked to note the unsustainable financial position highlighted
by the medium-term financial analysis presented to Strategy and
Resources Committee in July 2022. The report and its
recommendations, set out the scale of the challenge ahead, the
limited resources available and the difficult decisions that need
to be taken to deliver a balanced HRA budget for 2023/24. |
9.4 |
Alternatives Considered and Rejected |
The Council is required to both set a balanced
HRA budget and to ensure that in-year income and expenditure are
balanced. No other alternatives were considered. |
Minutes:
The
Director of Finance and Commercial Services introduced the report
which provided a breakdown of the pressures and mitigation/savings
options for the Housing Revenue Account in 2023/24. Members were
asked to endorse the mitigation options presented in the
paper. |
|
13.2 |
RESOLVED UNANIMOUSLY: That the Housing Policy Committee:-
1. Endorses the Housing Revenue Account savings proposals/mitigations as set out in this report and recommends to the Strategy and Resources Committee that they be approved as part of the Council’s budget for 2023/24
3. Acknowledge that the final decision on council
housing rents will be taken at the Full Council in February once
the outcome of the government consultation on the Rent Standard is
known. |
13.3 |
Reasons for Decision |
13.3.1 |
Members
were asked to note the unsustainable financial position highlighted
by the medium-term financial analysis presented to Strategy and
Resources Committee in July 2022. The report and its
recommendations, set out the scale of the challenge ahead, the
limited resources available and the difficult decisions that need
to be taken to deliver a balanced HRA budget for 2023/24. |
13.4 |
Alternatives Considered and Rejected |
The Council is required to both set a balanced
HRA budget and to ensure that in-year income and expenditure are
balanced. No other alternatives were considered. |
Supporting documents: