Content

11.1

The Finance and Performance Policy Committee
considered a report of the Director of Finance and Commercial
Services which outlined the progress in delivering a balanced
budget for the Housing Revenue Account (HRA) for 2025/26. The
report set out the current budget gap along with the associated
assumptions, risks and opportunities to be considered in setting a
balanced budget.
 

11.2

RESOLVED UNANIMOUSLY: That the
Finance and Performance Policy Committee: -
 

 

1. Note the current budget gap stands at
£6.7m for 2025/26.
2. Note the pressures, savings and investments
proposals set out in the closed appendix 1 of this report.
3. Note for consideration the ongoing budget
assumptions, financial risks and opportunities set out in the
report that will play a role in determining the future actions
required to balance the 2025/26 budget.

 

 

11.3

Reasons for
Decision

 

 

11.3.1

N/A

 

 

11.4

Alternatives
Considered and Rejected

 

 

11.4.1

The Council is required by law to deliver a
balanced HRA budget and therefore we need to deliver savings to
achieve this. No alternatives have been considered at this
stage.