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Councillor Federica Smith-Roberts proposed the
recommendations, which were seconded by Councillor Suria Aujla.
 
Having been duly proposed and seconded, the
Council Resolved to agree:-

1)   
The HRA Annual Revenue Budget for 2025/26 as set out in Section 3
and in Appendix A.

2)   
The Capital Programme of £304.638m including new additions of
£213.587m and budget deletions of £4.738m as detailed
in Section 4 and Appendix B.

3)   
Delegated authority to the Chief Finance Officer (Section 151
Officer) to approve the final capital financing of the capital
programme annual spend.

4)   
Delegated authority to the Chief Finance Officer (Section 151
Officer) and the Executive Director of Community, Place and
Economy, in conjunction with the Deputy Leader of the Council and
Lead Member for Finance, Procurement and Performance and the Lead
Member for Communities, Housing Revenue Account, Culture and
Equalities and Diversity to approve the tenure (social vs
affordable rents) of each social housing scheme.

5)   
Delegated authority to the Executive Director of Community, Place
and Economy and the Chief Finance Officer (Section 151 Officer), in
conjunction with the Lead Member for Communities, Housing Revenue
Account, Culture and Equalities and Diversity, to acquire dwellings
in accordance with the HRA Capital Programme for 2025/26 to 2029/30
and updated Business Plan 2025/26.

6)   
The minimum balance for the HRA General Reserves at £5.863m,
the equivalent of 10% of revenue for 2025/26 and approximately
£600 per property.

7)   
To note the updated Medium Term Financial Plan 2025/26 to
2029/30.

8)   
To note the updated 30-Year Business Plan in Section 7 and Appendix
C.