Agenda item - Housing Revenue Account Budget & Capital Investment Programme 2024/25 and Medium-Term Financial Strategy

RESOLVED:

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.