Agenda item

Housing Revenue Account - 2023/24 Budget and Investment Proposals 2023-28 (Cab.8.2.2023/7)

RECOMMENDED TO COUNCIL:-

 

a)    To note the cost pressures on the HRA and efficiencies being proposed to mitigate these to support the longer-term investment needs of the housing stock;

 

b)    To approve the HRA Medium Term Financial Strategy (MTFS) as set out in paragraphs 2.20;

 

c)    To approve the Housing Revenue Account Draft Budget for 2023/24, as outlined in paragraph 2.22 and detailed in Appendix 1, including the proposed revenue investments totalling £1.1M, [Appendix 2, paragraph 2B refers], with any final amendments being delegated to the Cabinet Spokesperson for Regeneration & Culture and the Executive Director for Growth & Sustainability in consultation with the Cabinet Spokesperson for Core Services and the Service Director - Finance (S151);

 

d)    To note the acceleration of EPC and stock condition survey works to complete fully during 2023/24;

 

e)    To approve a rent increase of 6.5%, which is under the Government’s Rent Cap of 7%;

 

f)     To approve a non-dwelling rent increase in line with CPI;

 

g)    To note that both service charges and district heating charges will be subject to a separate review during 2023/24;

 

h)    To approve the 2023/24 Berneslai Homes Management Fee totalling £15.453M [Appendix 2, paragraph 2C refers], with any final amendments delegated to the Cabinet Spokesperson for Regeneration & Culture and the Service Director, Regeneration & Culture in consultation with the Cabinet Spokesperson for Core Services and the Service Director - Finance (S151);

 

i)     To approve the 2023/24 Berneslai Homes Management Fee for both Gypsy Sites, and the European Social Fund (ESF) Grant totalling £0.216M, both of which are charged to the Authority’s General Fund [Appendix 2, paragraph 2D refers];

 

j)     To approve the Core Housing Capital Investment programme for 2023/24 totalling £20.394M [£14.849M to maintain decency and £5.545M supplementary works] and note the indicative programme for 2024/25 through 2027/28, outlined in paragraphs 2.24 – 2.25;

 

k)    To approve in principle, the proposed capital schemes totalling £42.330M, subject to individual reports as appropriate, in line with the Council’s governance arrangements [paragraphs 2.26 – 2.29 refer].

Minutes:

Moved by Councillor Franklin – Seconded by Councillor Bowser; and

 

RESOLVED that:-

 

a)    the cost pressures on the HRA and efficiencies being proposed to mitigate these to support the longer-term investment needs of the housing stock be noted;

b)    the HRA Medium Term Financial Strategy (MTFS) as set out in paragraphs 2.20 be approved

c)    the Housing Revenue Account Draft Budget for 2023/24, as outlined in paragraph 2.22 and detailed in Appendix 1, including the proposed revenue investments totalling £1.1M, [Appendix 2, paragraph 2B refers], be approved, with any final amendments being delegated to the Cabinet Spokesperson for Regeneration & Culture and the Executive Director for Growth & Sustainability in consultation with the Cabinet Spokesperson for Core Services and the Service Director - Finance (S151);

d)    the acceleration of EPC and stock condition survey works to complete fully during 2023/24 be noted;

e)    a rent increase of 6.5%, which is under the Government’s Rent Cap of 7% be approved;

f)     a non-dwelling rent increase in line with CPI be approved;

g)    both service charges and district heating charges will be subject to a separate review during 2023/24 be noted;

h)    the 2023/24 Berneslai Homes Management Fee totalling £15.453M [Appendix 2, paragraph 2C refers] be approved, with any final amendments delegated to the Cabinet Spokesperson for Regeneration & Culture and the Service Director, Regeneration & Culture in consultation with the Cabinet Spokesperson for Core Services and the Service Director -Finance (S151);

i)      the 2023/24 Berneslai Homes Management Fee for both Gypsy Sites, and the European Social Fund (ESF) Grant totalling £0.216M, both of which are charged to the Authority’s General Fund [Appendix 2,paragraph 2D refers] be approved;

j)      the Core Housing Capital Investment programme for 2023/24 totalling £20.394M [£14.849M to maintain decency and £5.545M supplementary works] be approved, and the indicative programme for 2024/25 through 2027/28, outlined in paragraphs 2.24 – 2.25 be noted;

k)    the proposed capital schemes totalling £42.330M,subject to individual reports as appropriate, in line with the Council’s governance arrangements [paragraphs 2.26 – 2.29 refer] be approved in principle.

Supporting documents: