Decision details

9.1

The report provided an update of the budgetary challenges for the Housing General Fund in 2023/24. It set the scene for a more detailed exploration of the potential options for delivering a balanced Housing General Fund to be considered by the Housing Committee in November 2022.

9.2

RESOLVED UNANIMOUSLY: That Housing Policy Committee:-

1.     Notes the Housing General Fund financial pressures 2023/24 detailed within the report.

2.     Recommends that a further Housing General Fund 2023/24 report to be presented at the Housing Policy Committee in November 2022 including recommendations on savings proposals for 2023/24.

9.3

Reasons for Decision

9.3.1

Members were asked to note the unsustainable financial position highlighted by the medium-term financial analysis presented to Strategy and Resources Committee in July 2022. The report and its recommendations, set out the scale of the challenge ahead, the limited resources available and some of the difficult decisions that will need to be taken.

9.4

Alternatives Considered and Rejected

9.4.1

The Council is required to both set a balance budget and to ensure that in-year income and expenditure are balanced. No other alternatives were considered.