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.

Content

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.