Decision Maker: Cabinet

Outcome: Approved

Is Key Decision?: Yes

Is Callable In?: Yes

Date of Decision: August 19, 2025

Purpose: The Cabinet will be presented with a report on the current status of the Housing Revenue Account (HRA) and asked to approve proposals relating to the use of reserves and other matters.

Content: Cabinet resolved to:   (i)  Note the reasons for the Housing Revenue Account (HRA) underspend in 2024/25;   (ii)  Approve the permanent revenue budget virement within the HRA, as set out in table 2 of the report, and the increases in contributions to both the disrepair provision and revenue contribution to capital in 2025/26; and   (iii)  Note the consolidation of budget management, financial accountability and operational oversight responsibilities within the HRA, previously distributed across the Housing and Property & Assets services, into a distinct service-led financial arrangement.