Purpose

To present the Council’s forecast 2025/26 financial position as at end of December 2025.
The report covers the following areas:
• Housing Revenue Account (HRA) Revenue Budget
• Housing Revenue Account (HRA) Capital Programme

Decision

That Cabinet noted the forecast 2025/2026 outturn position for the HRA Revenue and Capital budgets as at the end of December 2025.

Reasons for the decision

Members should be kept up to date regarding the financial position of the Authority. Effective budget management was critical to ensuring financial resources were targeted towards the Council’s priorities. Monitoring enabled early identification of variations against the plan and timely corrective action.

Other options considered and rejected

Cabinet should have oversight of Council budgets, therefore, the option of not producing a monitoring report was discounted.