Decision details

Housing Revenue Account Budget 2025-26

Decision Maker: Executive, Council

Is Key decision?: No

Is subject to call in?: Yes

Purpose:

To consider and recommend approval of the Housing Revenue Account Budget 2025-26.

Decision:

Decision:

1.       Noted the comments arising from the Resources Overview and Scrutiny Committee meeting on 21 January 2025; and

2.       Recommended to full Council

(at its Budget Meeting on 5 February 2025):

That the Council approves:

1.     The proposed HRA revenue budget for 2025/26, as set out in Appendix 1 to this report.

2.     That a rent increase of 2.7%, be implemented.

3.     That the fees and charges for HRA services for 2025/26, as set out in Appendix 2 to this report, be approved.

4.     That a 5% increase be applied to garage rents which is in line with the wider Council policy on fees and charges.

Reason(s):

To enable the Council to set the rent charges for HRA property and associated fees and charges, along with authorising the necessary expenditure to implement a budget, this is consistent with the objectives outlined in the HRA Business Plan

Other options considered and rejected by the Committee:

None.

Details of any conflict of interest declared by the Leader or lead councillors and any dispensation granted:

None.

Report author: Richard Bates

Publication date: 24/01/2025

Date of decision: 23/01/2025

Decided at meeting: 23/01/2025 - Executive

Effective from: 01/02/2025

Accompanying Documents: