Councillor Hug invited Councillor Boothroyd to introduce the report.
Councillor Boothroyd explained to Cabinet that the Housing Revenue Account Business Plan is an annual refresh of a 30-year business plan.
Cabinet heard that the 5-year outlook for the HRA revenue budget projects gross income of £701.87m and gross expenditure of £675.73m (with a further £26.14m contribution to fund capital). The HRA Business Plan is viableand demonstrates that the capital investment ambition over the 30 years can be funded sustainably.
RESOLVED – CABINET APPROVED THE RECOMMENDATIONS SET OUT IN SECTION 2, PAGE 279