Issue - meetings

Further to the discussion on the budget reports, it was moved by Councillor Hall and seconded by Councillor Allen and

RESOLVED –

(i)            The rent policy for 2018/19 be approved;

(ii)           The revised housing revenue and housing repairs accounts budgets for 2017/18 be approved;

(iii)          The housing revenue and housing repairs account budgets for 2018/19 be approved;

(iv)         The proposed movement in reserves shown in appendix 3 the report be approved.

The 2018/19 Housing Revenue Account (HRA) budget, including the housing repairs account, was presented. Discussion ensued in relation to the right to buy scheme and, in response to members’ questions, the following responses were provided:

·         A proportion of income from right to buy sales went to the government, with HBBC retaining about 25%

·         Members would be provided with figures for the amount saved in rent administration, repairs and other tenancy management costs against the lost rental income outside of the meeting

·         The income from a right to buy sale depended on variables including how long the purchaser had been a tenant.