Issue - meetings

Housing revenue account budget 2023/24

Meeting: 08/02/2023 - Eastbourne Borough Council Cabinet (Item 44)

44 Housing Revenue Account (HRA) Revenue Budget and Rent Setting 2023/24 and HRA Capital Programme 2022-26 pdf icon PDF 133 KB

Report of Director of Finance and Performance

Lead Cabinet member: Councillor Stephen Holt

Additional documents:

Decision:

Recommended to Full Council (Budget and policy framework):

 

(1) The HRA budget for 2023/24 and revised 2022/23 budget as set out at Appendix 1 to the report.

 

(2) That social and affordable rents (including Shared Ownership) are increased by 7% in line with government policy.

 

(3) That the average General Needs Housing Benefit (HB) Eligible service charge will be £5.39 per week.

 

(4) That the average HB Eligible service charge for Retirement Housing will be £38.36 per week.

 

(5) That the Support charge for Retirement Housing will be £5.82 per unit.

 

(6) That the average Non-HB Eligible heating charges will be £3.73 per week.

 

(7) That the average non-HB Eligible water charges will be £3.56.

 

(8) That Garage rents are increased by 7%.

 

(9) To grant delegated authority to the Chief Executive, in consultation with the Cabinet Portfolio holders for Financial Services and Direct Assistance Service and the Chief Finance Officer to finalise Eastbourne Homes’ Management Fee and Delivery Plan.

 

(10) The HRA Capital Programme as set out at Appendix 2 to the report.

Minutes:

The Cabinet considered the report of the Director of Finance and Performance, seeking a recommendation to Full Council for the detailed Housing Revenue Account (HRA) budget proposals, rent levels, service charges and heating costs for 2023/24, and the HRA Capital Programme 2022-26.

 

Councillor Holt in presenting the report, advised that a minor amendment was required to officer recommendation (8) to reflect that the proposed rent increase for garages was 7%.

 

Recommended to Full Council (Budget and policy framework):

 

(1) The HRA budget for 2023/24 and revised 2022/23 budget as set out at Appendix 1 to the report.

 

(2) That social and affordable rents (including Shared Ownership) are increased by 7% in line with government policy.

 

(3) That the average General Needs Housing Benefit (HB) Eligible service charge will be £5.39 per week.

 

(4) That the average HB Eligible service charge for Retirement Housing will be £38.36 per week.

 

(5) That the Support charge for Retirement Housing will be £5.82 per unit.

 

(6) That the average Non-HB Eligible heating charges will be £3.73 per week.

 

(7) That the average non-HB Eligible water charges will be £3.56.

 

(8) That Garage rents are increased by 7%.

 

(9) To grant delegated authority to the Chief Executive, in consultation with the Cabinet Portfolio holders for Financial Services and Direct Assistance Service and the Chief Finance Officer to finalise Eastbourne Homes’ Management Fee and Delivery Plan.

 

(10) The HRA Capital Programme as set out at Appendix 2 to the report.

 

Reason for decisions:

 

The Cabinet must recommend to Full Council the setting of the HRA revenue and capital budget and the level of social and affordable housing rents for the forthcoming year.