Decision - Housing Revenue Account Budget and Capital Investment Programme 2022/23 and Medium-Term Financial Strategy
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Decision details
Housing Revenue Account Budget and Capital Investment Programme 2022/23 and Medium-Term Financial Strategy
Decision Maker: Housing Committee, Policy & Resources Committee
Decision status: For Determination
Is Key decision?: No
Is subject to call in?: No
Decision:
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.
Report author: Craig Garoghan
Publication date: 20/01/2022
Date of decision: 19/01/2022
Decided at meeting: 19/01/2022 - Housing Committee
Accompanying Documents:
- Housing Revenue Account Budget & Capital Investment Programme 2022/23 and Medium Term Financial Strategy
PDF 386 KB View as HTML (1) 101 KB
- Appendix 1 - HRA Revenue Budget 2022/23 and notes
PDF 255 KB View as HTML (2) 132 KB
- Appendix 2 - HRA Budget 202223 Service Charges
PDF 135 KB View as HTML (3) 51 KB
- Appendix 3 - HRA Capital Programme 2022/23 - 2024-25
PDF 308 KB View as HTML (4) 207 KB
- Appendix 4 - HRA MTFS 30 year financial forecast
PDF 250 KB View as HTML (5) 108 KB
- HOUSING COMMITTEE Agenda Item 55 - Revised Appendix Cover Sheet
PDF 101 KB View as HTML (6) 8 KB
- Revised Appendix 2 - HRA Budget 2022.23 Service Charges
PDF 138 KB View as HTML (7) 56 KB