Purpose

To note HRA Financial Monitoring 2025/26 Budget forecast Q1

Decision

It was RESOLVED: -

1. 1.1          That the HRA quarter one actuals of a surplus of £374k was noted.
2. 1.2          That the 2025/26 forecast deficit position of £1.7m against a deficit budget of £2.1m was noted.
3. 1.3          That the capital programme and capital financing spend to date (£1m) and forecast (£20.6m) was noted.

REASON FOR DECISION

To ensure that Councillors were kept informed of the financial position for Housing Revenue Account.

Alternative Options Considered and Rejected:

The recommended option was set out in the recommendations. There were no other available options. 

Any Declarations of Interests Declared: None

Any Dispensation Granted: None