Decision Maker: Executive
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
This report seeks Executive approval for the revised budget for the Housing Revenue Account for 2021/22, the base budgets and rent increases for 2022/23.
The Executive recommended, and the Council approved, in February 2021, the base budgets and rent increase for 2021/22, for Housing Revenue Account (HRA) services.
This report sets out some revisions to the Housing Revenue Account revised budget for 2021/22 and base budget for 2022/23 along with the capital programme and financing for the years 2021/22 to 2025/26. The report examines the issues affecting the Housing Revenue Account including rent changes with effect from 01 April 2022.
Council budgets are susceptible to change in the level of expenditure and income caused by factors inside and outside the Council’s control. A risk assessment has been carried out to indicate the effect on housing balances of changes in the level of expenditure and income. This can be used to estimate the account balances needed to provide a prudent level of reserves and a working balance.
RESOLVED that the Executive approves and recommends to the meeting of the Council to be held on 25 February 2022 that:
(a) rents be approved for Council Dwellings as set out in paragraph 23 with effect from 01 April 2022;
(b) rents for Council garages be increased by 3.8% with effect from 01 April 2022;
(c) the revised budget for 2021/22 be approved; and
(d) The base budget for 2022/23 be approved.
Report author: Kate Busby
Publication date: 09/02/2022
Date of decision: 07/02/2022
Decided at meeting: 07/02/2022 - Executive
Effective from: 19/02/2022