Purpose

To consider and note the draft
2024/25 Housing Revenue Account Budgets and the draft Housing
Revenue Account Medium Term Financial Plan.

Content

RESOLVED
 
KEY DECISION
 
That the Executive:
 

a.     
Noted the draft 2024/25 Housing Revenue Account Budgets consisting
of the Corby Neighbourhood Account and the Kettering Neighbourhood
Account as set out in Appendix A, which will be consulted
upon with Tenants, which includes:
 

i)  an
increase in dwelling rents for 2024/25 of 7.7% which adheres to the
Department for Levelling Up, Housing and Communities (DLUHC) rent
setting formula.

b.   Noted the draft Housing
Revenue Account Medium Term Financial Plan beyond 2024/25
consisting of the Corby Neighbourhood Account and the Kettering
Neighbourhood Account, for 2025/26 to 2028/29 as set out in
Appendix B.

c.   Noted the forecast reserves
for the Corby Neighbourhood Account and the Kettering Neighbourhood
Account up to 2028/29 as set out in Appendix C.

 

 
Reason for
Recommendations: 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.