|
Council |
Agenda Item 96 |
|
Subject: |
Housing Revenue Account Budget & Capital Investment Programme 2024/25 and Medium-Term Financial Strategy |
|||
|
Date of Meeting: |
22 February 2024 |
|||
|
Contact Officer: |
Name: |
Shaun Hughes |
Tel: |
01273 290569 |
|
|
E-mail: |
|||
|
Wards Affected: |
All Wards |
|||
For General release
|
To receive the report from the Strategy, Finance & City Regeneration Committee meeting held on 8 February 2024 and the recommendations for approval:
That Full Council:
1) Approves the updated HRA Revenue Budget for 2024/25 as shown in Table 1 of the main report and Appendix 1 to the report.
2) Approves the new Capital Programme Budget of £57.955m for 2024/25 as part of the revised capital budget of £87.623m (which includes reprofiles of £29.668m from 2023/24); and
3) Notes the 5-year capital programme as set out in Appendix 3 to the report. |
|
|
Brighton & Hove City Council
STRATEGY, fINANCE & cITY REGENERATION
4.00pm 8 February 2024
MINUTES
|
Present: Councillors Sankey (Chair) Taylor (Deputy Chair), Shanks (Opposition Spokesperson), McNair, Muten, Pumm, Robins, Rowkins, Williams and Burden (Substitute) |
PART ONE
ITEM 102: Housing Revenue Account Budget & Capital Investment Programme 2024/25 and Medium-Term Financial Strategy
102.1 The Executive Director - Housing Neighbourhoods & Communities introduced the report to the committee.
102.2 The committee considered the report of the Chief Finance Officer and the Executive Director for Housing, Neighbourhoods & Communities.
102.3 Councillors Muten and Taylor asked questions and contributed to the debate.
Vote
102.4 A vote was taken, and by 9 to 1 abstention (Councillor McNair) the committee agreed the recommendations.
RESOVLED: That the Housing & New Homes Committee:
2.1 Approves a rent increase of up to 7.7% in line with government legislation as detailed in paragraph 3.14 of the report.
2.2 Approves the service charges and fees as detailed in Appendix 2 to the
report.
2.3 Notes the Medium-Term Financial Strategy and 30-year financial projections shown in Appendix 4 to the report.
2.4 Approves the Travellers fees and Charges set out in Appendix 5 to the
report.
That the Housing & New Homes Committee approves and recommends
to Strategy, Finance & City Regeneration Committee:
2.5 The updated HRA Revenue Budget for 2024/25 as shown in Table 1 of the main report and Appendix 1 to the report be agreed and recommended to Full Council for approval.
2.6 That the un-ringfencing of reserves is approved as set out in paragraphs 3.20 to 3.23 of the main report and Appendix 1 to the report.
2.7 That the new Capital Programme Budget of £57.955m for 2024/25 be
agreed as part of the revised capital budget of £87.623m (which includes reprofiles of £29.668m from 2023/24), and recommended to Full Council for approval; and
2.8 That the 5-year capital programme as set out in Appendix 3 to the report is noted and recommended to Full Council for approval.
That Full Council:
2.9 Approves the updated HRA Revenue Budget for 2024/25 as shown in Table 1 of the main report and Appendix 1 to the report.
2.10 Approves the new Capital Programme Budget of £57.955m for 2024/25 as part of the revised capital budget of £87.623m (which includes reprofiles of £29.668m from 2023/24); and
2.11 Notes the 5-year capital programme as set out in Appendix 3 to the report.