Decision Maker: Cabinet

Outcome: For Determination

Is Key Decision?: No

Is Callable In?: Yes

Date of Decision: June 24, 2025

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.