Agenda item

Pursuant to Cabinet Minute No.79 (2023/24), the Service Director – Finance submitted the forecast outturn for the Housing Revenue Account (HRA) for the current financial year, 2023/24, the draft budget for 2024/25 and the Medium-Term Financial Plan (MTFP) for the years 2024/25 through to 2028/29 for approval.

RESOLVED –

1.   That the forecast outturn for the Housing Revenue Account for the current financial year 2034/24 be noted.

2.   That the draft estimates for the Housing Revenue Account for the financial year 2024/25 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 total funding provision of £700k to identify and progress service transformation projects and spend to save initiatives, and to respond to possible in-year changes in legislation or national housing policy to ensure that the Council continues to meet its statutory obligations and has a social housing offer which is fit for purpose.

4.   That authority be delegated to the Service Director – Housing, in consultation with the Cabinet Member for Housing, within the total funding provision of £1m (£750k revenue and £250k capital), to progress the immediate procurement of contractors to undertake reinstatement work on void properties as set out in paragraph 4.18 of the officer’s report.