Issue - meetings

To consider a referral from the Executive Committee on 31st January which relates to financial decisions relevant to tonight’s business.

• Housing Revenue Account  - Initial Estimate 2012-13

(Decision and report attached)

The Council considered a referral from the Executive Committee meeting on 31st January 2012 in respect of the Initial Estimates for the Housing Revenue Account.

RESOLVED that

1)         the draft 2012/13 Estimates for the Housing Revenue Account, attached to the report at Appendix 1, be approved;

2)         the actual average rent increase for 2012/13 be 7%; and

3)         £2 million be transferred to a reserve as a Revenue Contribution to Capital to fund the future Capital Programme.