Issue - meetings

Housing Revenue Account (HRA) 30 Year Financial Business Plan

Meeting: 15/02/2022 - Cabinet (Item 111)

111 Housing Revenue Account (HRA) 30 Year Financial Business Plan pdf icon PDF 118 KB

Additional documents:


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.




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