Decision details

Housing Revenue Account (HRA) Draft Budget 2024-25 and Medium-Term Financial Plan Proposals

Decision Maker: Executive

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

To recommended for approval to Council the HRA Final Budget 20242-5 and Medium-Term Financial Plan.

Decision:

RESOLVED

 

KEY DECISION

 

That the Executive recommended to Full Council the following:-

 

a.    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.

 

b.    An increase in dwelling rents for 2024/25 of 7.7% which adheres to the Department for Levelling Up, Housing and Communities (DLUHC) formula on rents for social housing for both the Corby Neighbourhood Account and the Kettering Neighbourhood Account.

 

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

 

That the Executive

 

d.    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 HRA Budgets have been the subject to a formal budget consultation and comments from the consultation have been considered as part of this process.

 

Publication date: 08/02/2024

Date of decision: 08/02/2024

Decided at meeting: 08/02/2024 - Executive

Effective from: 16/02/2024

Accompanying Documents: