Purpose

The report provides the Executive with details of the actual revenue expenditure for 2025/26 for the Housing Revenue and Repairs Account (HRA), with updates and implications for the HRA capital programme.

The Housing Revenue and Repairs Account is separate from the General Fund of the Council and covers the income and expenditure for the Council owned housing stock.

The £16.1M revised budget set by the Executive for the Housing Revenue and Repairs Account in February highlighted a number of pressures including responsive repairs costs continuing to remain high.  The need for capital improvements to the stock also remains high, although the revised budget was reduced to match the timing of the spend with 2025/26. It was forecast that overall the HRA would achieve a transfer to reserves for future capital works of £488k.

The final spend against the planned maintenance programme was lower than anticipated and interest costs received and paid have been more favourable. This has meant that the HRA outturn position is stronger than forecast.  The final figures for the Housing Revenue and Repairs Account (HRA) in 2025/26 show expenditure for the year of £15.2M, against income of £16.2M.  This has meant that it has been possible to make an increased contribution of £947,789 to the Capital Improvement and Development Fund to earmark them for future financial resilience.

Overall, total HRA Reserves have increased by 2.3M

There has been total spending of £12.3M on the HRA capital programme which was less than the anticipated budget of £15.9M but higher compared to £7.6M spent in 2024/25.  The 2025/26 spend includes £7.2M on the Assheton Court scheme.

Decision

RESOLVED that the Executive notes the content of the report.