Decision details

Cabinet:

1)    NOTED the financial position on the HRA as at 30 November 2024 and the year-end forecast for both revenue and capital.

2)    APPROVED the increase of 5% to the Independent Living Service charge as outlined within the report at paragraph 5.25.

3)    RECOMMENDED to Council that the budget estimates for 2025/26 be approved.

4)    RECOMMENDED to Council that an average rent increase of 2.70% for all Council dwellings be approved with effect from 1 April 2025.

5)    RECOMMENDED to Council that the 2025/26 capital programme be approved.

6)    RECOMMENDED to Council that delegated authority be given to the Director for Housing and Communities, in consultation with the Director for Corporate Services and the Portfolio Holder for Council Housing and Landlord Services, to approve virements within the HRA capital programme during the year to provide flexibility to meet emerging needs and maintain decent homes.

7)    RECOMMENDED to Council to note that as part of the continuing focus on resourcing requirements for tenancy, income and engagement functions, a revised staffing structure is being developed and will shortly be considered by the Chief Executive under existing delegated powers and

1.1. RECOMMENDED to Council that in support of the new structure, to delegate to the Chief Executive, in consultation with the Director for Corporate Services, authority to access the HRA Regeneration and Development Reserve for up to £200k in 25/26 to cover both the additional one off and recurring costs of the new structure and enable the resourcing plan to be implemented and

1.2. RECOMMENDED to Council to note that the recurring costs associated with the change of establishment will be built into the base budget from 26/27 providing the financial viability of the HRA is not undermined.