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.