Agenda item

INCOME MANAGEMENT POLICIES

To seek approval for updated Income Management Policies.

Minutes:

Members considered the updated Income Management Policies. The Financial Inclusion Policy was to support tenants and applicants to have access to affordable financial products and services that meet their needs. The Income Collection Policy supported how the Council managed and collected rent for properties and garages. The Rent Setting Policy outlined how the Council would calculate rent for the housing stock that it owned and managed within the Housing Revenue Account.

 

All three policies were written in 2019 and required reviewing. There had been no significant changes in the Council’s approach to Income Management.

 

RESOLVED that the updated policies be approved.

Reason

 

The policies ensured the Council was meeting the statutory framework for income collection and recovery of Council rent. Having clearly defined policies ensured consistency and ensured that no tenant of resident was treated unfairly or more fairly than others. 

 

 

Supporting documents: