Purpose

To note the
council’s funding outlook, financial position and
risks, including any new investment decisions.

 

To consider new
Fees and Charges for the 2024/25 financial year.

Content

RESOLVED –

 

(i)           
THAT the continued challenging and uncertain
funding and economic outlook for the Council, including the in
year forecast outturn position set out in section two of the report, be noted;

 

(ii)         
THAT the financial position of the Housing
Revenue Account, along with proposals to improve its financial sustainability
detailed in paragraphs 2.31 to 2.40 of the report, be noted;

 

(iii)        
THAT the rent policy for Highgate Newtown
Housing, detailed in paragraphs 2.14 to 2.16 of the report, be agreed;

 

(iv)        
THAT, in relation to fees and charges discussed
in section 2.24 and Appendix A of the report

 

(a)         
Authority be delegated to the relevant Executive
Director to decide increases to existing fees and charges up to a maximum of
7%, in consultation with the relevant portfolio holders.

 

(b)         
The particular content in Appendix A of the
report, setting out supporting information for the new fees and charges and the
fees and charges where the proposed increase is over 7%, be noted;

 

(c)         
The new fees and
charges, and the increase in fees and charges where the proposed increase is
over 7%, as shown in Appendix A, be agreed and authority be delegated to the
relevant Executive Director to introduce those changes;

 

(d)         
Authority be delegated to the Executive Director
Corporate Services to reduce specific fees and charges in exceptional cases as
outlined in paragraph 2.25 of the report;

 

(v)         
THAT the Council’s planned use of reserves,
summarised in Appendix B of the report, be agreed;

 

(vi)        
THAT the Council’s forecast finance position at
Quarter Two of 2023/24, as outlined in paragraphs 2.41 to 2.44 and Appendix C
of the report, be noted; and

 

(vii)       
THAT the risks outlined in section four of the
report be noted.