Purpose

To consider the draft Housing Revenue Account
Budget 2024/25.

Content

RESOLVED:

1.      That the Cabinet noted and
endorsed the following draft budget proposals for the Housing
Revenue Account, which are subject to the outcomes of consultation,
which will commence on 12 December 2023:

(a)    
the draft Housing Revenue Account budget which has been updated for
technical adjustments, revenue pressures and savings and a refresh
of the capital programme, including a rent increase of 7.7% for
tenants and 7% for shared owners;

(b)    the
draft Capital Programme for 2024/25 to 2027/28 (attached at Annex A
of the report), which assumes approval of the Lakes Estate
Regeneration budget which is also being considered at Cabinet on 5
December;

(c)    
that a period of six weeks consultation commences from 12 December
2023 (alongside the GF budget) with residents and the results of
this are presented together with the final budget report;
and

(d)   
the
equalities impact assessments as set out in
Section 5 of the report.