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*RESOLVED –
 

1.  
That the forecast outturn for the Housing Revenue
Account for the current financial year, 2034/24 be
noted.
 
That it be recommended to Full
Council that:
 

2.  
The draft estimates for the
Housing Revenue Account for 2024/25 and future financial years be
approved.
 

3.  
That authority be delegated to
the Service Director – Housing, in consultation with the
Cabinet Member for Housing and the Service Director –
Finance, within the total funding provision of £700k to
identify and progress service transformation
projects and spend to save initiatives, and to respond to possible
in-year changes in legislation or national housing policy to ensure
that the authority continues to meet its statutory obligations and
has a social housing offer which is fit for purpose.
 

4.  
That authority be delegated to
the Service Director – Housing, in consultation with the
Cabinet Member for Housing, within the total funding provision of
£1m (£750k revenue and £250k capital), to
progress the immediate procurement of contractors to undertake the
work on void properties as set out in paragraph 4.18 of the
officer’s report.
 
REASONS FOR RECOMMENDATIONS
 

1.  
To provide an updated assessment of
the Council’s Housing Revenue Account forecast outturn for
the financial year 2023/24 and report on the progress made in
addressing a number of financial challenges facing the
council’s Housing Service.
 

2.  
To provide the necessary authority
for the council’s Housing Service to take forward a number of
transformation projects and other response measures to address the
ongoing financial challenges facing the social housing
sector.
 

3.  
To present a balanced Housing Revenue
Account for the financial year 2024/25 for recommendation to Full
Council.