skip navigation
MyAccount
Mobile Site
Full Site
Accessibility
Contact Us
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z


Home
Pay for it Apply for it Report it Latest News What's On

You are here: Home / About The Council / Issue

Quick Links

 Meetings, agendas and minutes

 Calendar

 Committees

 Constitution

 Election Results

 Decisions

 ePetitions

 Notice of Key Decisions

 Library

 Meetings

 Outside bodies

 Search documents

 Subscribe to updates

 What's new

 Your Councillors

 Your County Councillors

 Your MEPs

 Your MPs

Issue details

Housing Revenue Account 2024/25

The report seeks Executive approval for the revised budget for the Housing Revenue Account 2023/24, the base budgets and the rent increases for 2024/25.

 

The Executive recommended, and the Council approved, in February 2023, the base budget and rent increase for 2023/24, for Housing Revenue Account (HRA) services.

 

The report sets out some revisions to the Housing Revenue Account revised budget for 2023/24 and base budget for 2024/25 along with the capital programme and financing for the years 2023/24 to 2027/28.  The report examines the issues affecting the Housing Revenue account including rent changes with effect from 01 April 2024.  In particular it highlights the increased expenditure needed to maintain the Council’s housing stock in the next 2 years and meet the LAHF commitments to deliver three homes for Afghan families and one home for temporary accommodation to be held in the Housing Revenue Account.  This will mean that we will not be able to fully continue with our debt repayment put aside in these years.  However, any surpluses that do arise will be considered for this purpose.

 

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.  Actions continue to be taken by officers to reduce expenditure where possible.  There will also be increased budget monitoring introduced for this period.

Decision type: Key

Decision status: Recommendations Approved

Notice of proposed decision first published: 05/01/2024

Decision due: 5 Feb 2024 by Executive

Lead member: Executive Member for Policy & Resources

Lead director: Assistant Director (Democracy) & Deputy Monitoring Officer

Contact: Caroline Hancock Email: chancock@fareham.gov.uk.

Consultees

None

Background Papers: None

Decisions

Agenda items

 

 




Browse

Follow us

Facebook Twitter You Tube Flickr

View Fareham
Today online





Fareham Borough Council, Civic Offices, Civic Way, Hampshire, PO16 7AZ
Tel: +44 (0) 1329 236100 | Mobile Text/Photo: 07860 098627 | Fax: +44 (0) 1329 821770
Read page with Browse Aloud GOV.UK Get Safe Online
Fareham Borough Council: List of RSS Feeds