Purpose

This report provides details of the Housing Revenue Account (HRA) outturn position for the financial year 2025/26. The report covers the Revenue Budget, Capital Programmes and Reserves overview

Decision

That Cabinet:

1. 1.    Reviews the provisional Housing Revenue Account Revenue and Capital Outturn position and the supporting appendices for the financial year 2025/26.
2. 2.    Notes the revenue and capital budget carry forwards in para 3.5 and para 4.8 of the report, respectively.

Reasons for the decision

It is important that Cabinet are aware of the financial position of the Housing Revenue Account to ensure they can make informed decisions that are affordable and financially sustainable for the Council. Effective budget management is critical to ensuring financial resources are spent in line with the budget and are targeted towards the Council’s priorities. The report provides an overview of the provisional Housing Revenue Account outturn financial position for 2025/26.

Other options considered

Cabinet have oversight of the Council’s budgets and therefore, the option of not producing a provisional outturn report was discounted.