Decision Maker: Cabinet

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: No

Date of Decision: February 25, 2025

Purpose:

Content: *RESOLVED –   That it be recommended to Full Council:   1.   That the forecast outturn for the Housing Revenue Account for the current financial year, 2024/25, be noted.   2.   That the draft estimates for the Housing Revenue Account for 2025/26 and future financial years be approved.   3.   That authority be delegated to the Service Director – Housing, in consultation with the Cabinet Member for Housing and the Service Director – Finance, within the funding provision of £200k (carried forwards from 2024/25) to identify and progress proposals for further service transformation projects and spend to save initiatives, and to respond to in-year changes in legislation or national housing policy to ensure that the authority continues to meet its statutory obligations and has a social housing offer which is fit for purpose.   REASONS FOR DECISIONS   1.   To provide an updated assessment of the Council’s Housing Revenue Account forecast outturn for the financial year 2024/25 and report on the progress made in addressing a number of financial challenges facing the Council’s Housing Service.     2.   To provide the necessary authority for the Council’s Housing Service to take forward proposals for a number of transformation projects and other response measures to address the ongoing financial challenges facing the social housing sector.   3.   To present a balanced Housing Revenue Account for the financial year 2025/26 for recommendation to full Council.