Council                                                           Agenda Item 81

 

Subject:                    Housing Revenue Account Budget & Capital Investment Programme 2025-26 and Medium-Term Financial Strategy

 

Date of meeting:    27 February 2025

 

Report of:                 Director of Governance and Law

 

Contact Officer:      Name: Anthony Soyinka

                                    Email: anthony.soyinka@brighton-hove.gov.uk

                                   

Ward(s) affected:   All

 

For general release

 

1.            Action Required of Council:

 

1.1         To receive the report from the Cabinet meeting held on 13 February 2025 and the recommendations for approval:

 

Recommendations:

 

That Council:

 

1)           Approves the HRA Revenue Budget for 2025/26 as outlined in table 1 of the main report and Appendix 1.

 

2)           Approves the new Capital Programme Budget of £77.765m for 2025/26 be agreed as part of the revised capital budget of £111.098m (which includes reprofiles of £33.333m from 2024/25).

 

3)           Approves the earmarking of £1m reserves against disrepair claims for 2025/26.

 

4)           Approves the 5-year capital programme as set out in Appendix 3 to the report.

 

Brighton & Hove City Council

 

Cabinet

 

2.00pm 13 February 2025

 

Council Chamber, Hove Town Hall

 

MINUTES

 

Present: Councillor Sankey (Chair) Taylor (Deputy Chair), Allen, Daniel, Miller, Muten, Pumm, Robins, Rowkins, Williams, Alexander and Robinson

 

 

PART ONE

 

 

158       Housing Revenue Account Budget & Capital Investment Programme 2025-26 and Medium-Term Financial Strategy

 

40.1      Cabinet considered a report that sought approval to recommend the proposed Housing Revenue Account (HRA) revenue and capital budget for 2025/26 as required by the Local Government & Housing Act 1989.

 

40.2      Councillors Robinson and Rowkins contributed to the debate of the report.

 

40.3      Resolved-

 

That Cabinet:

 

5)           Approves a rent increase of 2.7% in line with government legislation as detailed in paragraph 3.12 of the report.

 

6)           Approves the service charges and fees as detailed in Appendix 2 to the report.

 

7)           Notes the 5-year capital programme as set out in Appendix 3 to the report.

 

8)           Notes the Medium-Term Financial Strategy (MTFS) and 30-year financial projections shown in Appendix 4 to the report.

 

Resolved to recommend-

 

9)           Notes and recommends to Full Council for approval the HRA Revenue Budget for 2025/26 as outlined in table 1 of the main report and Appendix 1.

 

10)        Notes and recommends to Full Council for approval the new Capital Programme Budget of £77.765m for 2025/26 be agreed as part of the revised capital budget of £111.098m (which includes reprofiles of £33.333m from 2024/25).

 

11)        Notes and recommends to Full Council approval of the earmarking of £1m reserves against disrepair claims for 2025/26.

 

12)        Notes and recommends to Full Council for approval the 5-year capital programme as set out in Appendix 3 to the report.

</AI2>

<TRAILER_SECTION>

 

The meeting concluded at 4.25pm