Issue - meetings

The Report of the Head of Finance/Section 151 Officer.

Presented by the Corporate Portfolio Holder.

The Housing, Property and Customer Services Portfolio Holder presented the report, and highlighted the rent income as the major source of income to this account. It was noted that central government had issued a rent cap of 7% and that the proposal was to set it at this level. It was noted that those in receipt of  benefits had been protected as benefits had risen at the rate of inflation and that those with affordable housing had been protected by the local rent allowance. This had maintained tenant’s safety in terms of affordability. The proposed budget was recommended on the basis that the programme be delivered as planned but with a reduced budget.

Attention was drawn to the loan which had been taken out in 2012 to improve housing and it was noted that this loan was on schedule to be fully repaid on time by 2042.

It was moved by Councillor R Bayliss, seconded by Councillor N Rushton and

RESOLVED THAT:

1.       The Draft 2023/24 Housing Revenue Account Budget

2.       The Rent increase

3.       The Draft MTFP for 2023/24 to 2027/28

4.       The Draft 2023/24 budget proposals

5.       The Draft 2023/24 Fees and Charges

as contained within this report be consulted upon.

Reason for decision: Required as part of the 2023/24 budget setting process.