Decision - Housing Revenue Account Budget and Capital Investment Programme 2022/23 and Medium-Term Financial Strategy

RESOLVED:

That the Housing Committee:

2.1       Approves a rent increase of up to 4.1% in line with government legislation as detailed in paragraph 4.9 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.

That Housing Committee approves and recommends to Policy & Resources Committee:

2.4       That the updated HRA Revenue Budget for 2022/23 as shown in Appendix 1 to the report be agreed and recommended to full Council for approval.

2.5       That an earmarked reserve of £1.500m for the Covid-19 recovery work required to clear the backlog of responsive repairs and voids be set up as per paragraph 5.1 of the main report.

2.6       That a contribution to the rent reduction reserve of £1.200m be made from the general reserves held by the HRA as per paragraph 5.1 of the main report.

2.7       That a contribution to the Sustainability and Retrofit reserve of £1.200m be made from the general reserves held by the HRA as per paragraph 5.1 of the main report.

2.8       That the Capital Programme Budget of £85.077m for 2022/23 be agreed and notes the 3-year programme as set out in Appendix 4 to the report and recommended to full Council for approval; and

That Full Council:

2.9       Approves the updated HRA Revenue Budget for 2022/23 as shown in Appendix 1 to the report.

2.10     Approves the Capital Programme Budget of £85.077m for 2022/23 and notes the 3-year programme as set out in Appendix 3 to the report.