Decision Maker:

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: No

Date of Decision: February 20, 2025

Purpose:

Content: RESOLVED   That Council approved the following-   a.    The 2025/26 Housing Revenue Account Budget as set out in Appendix A.   b.    An increase in dwelling rents for 2025/26 of 2.7% which adheres to the Ministry of Housing, Communities and Local Government (MHCLG) rent setting formula.   c.     The Housing Revenue Account Medium Term Financial Plan for 2026/27 to 2029/30 as set out in Appendix B.   d.    delegated authority to the Executive Director of Finance and Performance (Section 151 Officer) in consultation with the Executive Member for Finance and Transformation to agree the use of the HRA General Reserve which will provide the flexibility to manage the overall budget during 2025-26.   That Council;   e.    Noted the forecast reserves for the Housing Revenue Account up to 2029/30 as set out in Appendix C.   f.      Noted the comments from the Corporate Scrutiny Committee as set out in Appendix D.     Reason for Recommendations   a.    To ensure that the Council complies with its Constitution in setting the budget for North Northamptonshire.   Alternative Options Considered – This is the start of the formal budget consultation for the HRA and any comments from the consultation will be considered as part of this process.