To seek Cabinet’s approval of the updated HRA Business Plan for 2023/24 along with final HRA budget proposals 2025/26 (including fees and charges, capital programme and movement in HRA Balances) for recommendation to Council on 11 February 2025.

1.      RESOLVED that Cabinet -

(a)  approves the updated HRA Business Plan, which includes the proposed position for 2024/25 and 2025/26 as set out in Appendix A to the Portfolio Holders’ joint report (A.6); and

(b)  authorises the Director (Finance & IT) to adjust the forecast / budget, including the use of reserves, in consultation with the Portfolio Holder for Housing and Planning and the Portfolio Holder for Corporate Finance and Governance if the financial position changes prior to Full Council considering the HRA budget on 11 February 2025.

2.      RECOMMENDS TO COUNCIL that a 2.7% increase in dwelling rents in 2025/26 along with the detailed HRA Budget proposals for 2025/26, as set out in Appendices B to E of the Portfolio Holders’ joint report (A.6), be approved.