Purpose

To update Members on the budget and planning
for the HRA 2025/26 and beyond.

Content

Resolved:
 
Cabinet recommends
Council:
 

a)   
To note the draft budget estimates and proposals.

 

b)   
To approve the HRA Annual Revenue Budget for 2025/26 as
described in the report and Appendix 1, subject to an in year review.

 

c)   
To approve the increase of 2.7% (CPI+1%) to Dwelling Rents and
Garage Rents for 2025/26

 

d)   
To approve the HRA Capital Programme for 2025/26 as described in
the report and Appendix 2, including the allocation of an
additional £99m for the Council House Build
Programme.

 

e)   
To note the reviewed and updated assumptions in the HRA 30-Year
Business Plan as detailed in the report.

 

f)    
To approve authority to receive bespoke or targeted grants (if
awarded) during the year.

 
Please note: This HRA annual budget report will form
part of the budget setting reports at Cabinet and Full Council but
will remain separate from the General Fund medium term financial
strategy (MTFS) – providing a more detailed report for
members with an aim of greater information and
transparency.
 
Reason for
Decision:
 
To enable the
Cabinet to recommend to Council a balanced budget (capital and
revenue) for the
HRA for 2025/26, and in so doing continue to provide high
quality services to
tenants and investment in their homes.
 
To enable
effective, transparent decision making and ensure sound
financial
management of the
HRA as part of the council’s overall control environment.