Decision Maker:

Outcome: Recommmend Forward to Council

Is Key Decision?: No

Is Callable In?: No

Date of Decision: January 8, 2025

Purpose:

Content: RESOLVED that Cabinet recommend that Full Council approve:-   1.    The HRA draft budget business plan for 2025/26 & note the MTFS (Medium Term Financial Strategy), with any final amendments being delegated to the Cabinet Spokesperson for Regeneration and Culture and the Executive Director for Growth & Sustainability in consultation with the Cabinet Spokesperson for Core Services, the Director of Finance (S151 Officer); and Service Director Regeneration and Culture (Client lead for Berneslai Homes); and   2.    A rent, non-dwelling rent, service charge and district heating kWh increase of 2.7% in line with the Government’s Rent Cap; and   3.    The 2025/26 Berneslai Homes Management Fee totalling £15.940M, plus Gypsy and Traveller Management fee of £0.070M charged to the General Fund. Total £16.010M; and   4.    The Core Housing Capital Investment Programme for 2025/26 & 2026/27 totalling £40.812M; and   5.    A £5.000M 5 Year Building Safety Compliance programme; and   6.    A one year only £5.394M priority Investment for Capital Replacements - £3.305M and Revenue Repairs - £2.089M to fund current demand in 2025/26, whilst maintaining decency standards; and   7.    An increase in the revenue repairs annual budget by £2.500M in 2025/26 and £3.500M 2026/27 onwards to fund priority workstreams and increased demand, however it must be noted that perpetual demand cannot be continued to be funded in perpetuity.