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The Cabinet received a report setting out the
Housing Revenue Account Medium Term Financial Strategy up to
2028/29.  The report took account of the
growth that was built into the HRA earlier in the year which was
approved by Council in July 2024 related to repairs and voids and
compliance.
 
Members were pleased to see detail in the
report setting out what the Council was doing in regards to
resident engagement and improvements to how the Council was meeting
and linking with residents and tenants.
 
The Portfolio Holder for Environment and
Performance requested the support of the Member of Parliament and
the Leader of the Council to follow up the Government’s
reported ambitions to support a green economy and match and help
Councils to deliver on a full de-carbonisation programme.
 
It was RESOLVED:
 
1.              
That the 2024/25 revision of the HRA MTFS be
approved.
2.              
that the level of balances for the HRA MTFS be set
as a minimum £7Million.
3.              
That the Immediate Capital Options proposal to
reduce the funding gap, as reported in paragraph
4.15 be approved.
4.              
That the Immediate Revenue Option proposals to
reduce the funding gap, as reported in paragraph
4.25 be approved.
5.              
That the service areas to be reviewed as part of
mechanism to identify the remaining savings gap as reported at
paragraphs 4.32 to 4.45 be
noted.