Purpose

To receive the HRA revenue and Capital outturn position for the financial year 2024/25 with Reserve balances as at 31 March 2025, and to agree proposed changes to the Capital Programme. Th report also provides a statement of the year-end financial position and progress with approved capital investment projects.

Decision

Cabinet has considered the report and:

(a) Noted the 2024/25 revenue outturn position and the net underspend in the year of £1.337 million, and the explanations provided for the variances compared to the revised 2024/25 revenue budget.

(b) Noted the overall increase in the Housing Revenue Account balance as at 31 March 2025 to £4.129 million.

(c) In relation to the Capital Programme:

(i)   Noted the 2024/25 capital outturn of £39.598 million.

(ii) Noted the HRA Capital Programme schemes as shown in Appendix A.

(iii) Approved the carry forward amounts of £12.446 million to 2025/26 in relation to HRA housebuilding during 2024/25, due to slippage and £0.735 million for capitalised repairs.