Issue - meetings

As detailed in the recommendation.

Councillor Hughes introduced the report which dealt with the Housing Revenue Account (HRA) draft 30 year Financial Business Plan and the proposed HRA Budget for 2022/23.

The Chief Executive explained that the rent increase proposed in the business plan applied an overall uplift of 1.18% to all tenants and, in addition, applied the transitional uplift of £2 to tenants who currently paid at least £3 under target rent.  That equated to an overall rent increase of 2% in the business plan.  An overall inflationary increase of 2% forecast rental income at £38.047m for 2022/23.

The proposed garage rent and garage plot increase was 2% for 2022/23, which equated to £0.20 per week for garage rent and took the rent per week to £10.23.  The proposed garage plot increase was £0.03 per week taking the garage plot rent to £1.66 per week.

The business plan anticipated income levels of £0.395m for garages and garage plots.

Service charges would be frozen again for the financial year 2022/23.

The total proposed capital programme for 2022/23 was £25.074m and was summarised in appendix C to the report.

The report was considered at Community, Housing and Assets Overview and Scrutiny Committee who were supportive of the content.

RESOLVED:

That the Housing Revenue Account budget for 2022/23 as set out in the appendices be supported and approved.