Decision Maker: Cabinet

Outcome: Recommendations approved

Is Key Decision?: Yes

Is Callable In?: Yes

Date of Decision: February 13, 2025

Purpose: This report requests approval of the HRA capital and revenue budget 2025-26 and recommendation to Budget Council.

Content: That Cabinet:   1)             Approves a rent increase of 2.7% in line with government legislation as detailed in paragraph 3.12 of the report.   2)             Approves the service charges and fees as detailed in Appendix 2 to the report.   3)             Notes the 5-year capital programme as set out in Appendix 3 to the report.   4)             Notes the Medium-Term Financial Strategy (MTFS) and 30-year financial projections shown in Appendix 4 to the report.   5)             Notes and recommends to Full Council for approval the HRA Revenue Budget for 2025/26 as outlined in table 1of the main report and Appendix 1.   6)             Notes and recommends to Full Council for approval the new Capital Programme Budget of £77.765m for 2025/26 be agreed as part of the revised capital budget of £111.098m (which includes reprofiles of £33.333m from 2024/25).   7)             Notes and recommends to Full Council approval of the earmarking of £1m reserves against disrepair claims for 2025/26.   8)             Notes and recommends to Full Council for approval the 5-year capital programme as set out in Appendix 3 to the report.