Decision details

11.1

The Finance and Performance Policy Committee considered a report of the Director of Finance and Commercial Services which outlined the progress in delivering a balanced budget for the Housing Revenue Account (HRA) for 2025/26. The report set out the current budget gap along with the associated assumptions, risks and opportunities to be considered in setting a balanced budget.

11.2

RESOLVED UNANIMOUSLY: That the Finance and Performance Policy Committee: -

1. Note the current budget gap stands at £6.7m for 2025/26.

2. Note the pressures, savings and investments proposals set out in the closed appendix 1 of this report.

3. Note for consideration the ongoing budget assumptions, financial risks and opportunities set out in the report that will play a role in determining the future actions required to balance the 2025/26 budget.

11.3

Reasons for Decision

11.3.1

N/A

11.4

Alternatives Considered and Rejected

11.4.1

The Council is required by law to deliver a balanced HRA budget and therefore we need to deliver savings to achieve this. No alternatives have been considered at this stage.