Issue - decisions

FINANCIAL PLAN FOR COUNCIL HOMES: THE HOUSING REVENUE ACCOUNT (HRA) BUDGET AND RENTS/SERVICE CHARGES FOR 2023/24

07/02/2023 - The Housing Revenue Account (HRA) Budget And Rents/Service Charges For 2023/24

 

That Cabinet agrees:

           

1.    To approve the Housing Revenue Account 2023/24 budget for council homes as set out in Table 1.

 

2.    To approve £1.1m of ongoing annual revenue savings (when compared to the 2022/23 base budget) per annum from 2023/24.

 

3.    To approve a rent increase of 4.4% from 3 April 2023, which equates to an average weekly increase for tenants of £5.20 in 2023/24.

 

4.    To approve an increase to shared ownership rents of 7% from 3 April 2023.

 

5.    To approve changes to tenant service charges to reflect the costs of providing communal services from 3 April 2023, which equate to an average weekly increase for tenants of 95pin 2023/24.

 

6.    To approve an increase to charges for heating and hot water to reflect the costs of provision of the district heating service from 3 April 2023, which equate to an average weekly increase for tenants and leaseholders on the scheme of £2.75 (communal heating), £10.90 (tenants’ personal heating) and £13.78 (leaseholders’ personal heating) in 2023/24.

 

7.    To approve an increase to the management fee for temporary on licence properties of 7% from 3 April 2023.

 

8.    To approve an increase to the rent and service charges for hostels of 7% from 3 April 2023.

 

9.    To increase garage charges for council tenants, resident leaseholders, and for other customers from April 2023 by 7%.

 

10.To note that any change to parking charges on housing estates will be considered separately with the Council’s parking plans.

 

11.To increase car space rental charges for all customers by 7% from April 2023.

 

12.To approve an increase in the Leasehold After Sale – Home Buy Fees by 7% from April 2023 from £203 to £217.