Decision details

The purpose of this report is to present for consideration the draft Housing Revenue Account (HRA) 30-year Financial Business Plan and the proposed HRA Budget for 2024/25.

(1)       To consider the HRA budget for 2024/25 as set out in the report;

(2)       To approve the proposed minimum rent increase of 6.5%;

(3)       To approve a garage rent increase of 6.5%;

(4)       To approve the increase in service charges to full cost recovery with the exception of aerial charges which will be frozen until a new contract is negotiated;

(5)       That the tenant hardship fund be topped up to a cap of £0.350m from any surplus reserves generated in year, if required; and

(6)       To consider the proposed HRA Capital Programme for 2024/25 as set out in appendix B.