Decision details

Housing Revenue Account (HRA) 30 Year Financial Business Plan

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

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.

Decision:

(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.

Report author: Rachael Corbelli

Publication date: 20/12/2023

Date of decision: 19/12/2023

Decided at meeting: 19/12/2023 - Cabinet

Effective from: 05/01/2024

Accompanying Documents: