Issue - meetings
Housing Revenue Account Budget Monitoring – Quarter 1, 2025/26
Meeting: 23/09/2025 - The Executive (Item 11)
11 Housing Revenue Account Budget Monitoring – Quarter 1, 2025/26 
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To submit the report of the Director of Function (Resources)/Section 151 Officer.
Additional documents:
Decision:
It was resolved to note the following –
· The position set out in respect of the financial performance of the Housing Revenue Account (HRA) for Quarter 1 2025/26.
· The forecast outturn for 2025/26.
Minutes:
The report of the Director of Function (Resources)/Section 151 Officer which set out the financial performance of the Housing Revenue Account for the period from 1 April to 30 June 2025 was presented for the Executive’s consideration.
Councillor Robin Williams, Deputy Leader and Portfolio Member for Housing and Finance presented the report noting that he revenue budget was set with a budgeted surplus of £6,291k.The gross capital budget for 2025/26 is £23,029k. Grant funding of £6,990k reduces the net budget to £16,038k. The combination of both the revenue budget and adjusted capital budget gave a planned budget deficit of £9,747k, of which £6,820k is to be funded from the HRA reserve, with the balance of £2,927k to be funded by external borrowing. The HRA revenue budget at the end of the first quarter has underachieved by £177k compared to the profiled budget. Capital expenditure is forecasted to be on budget at the year-end as is grant income. The forecast deficit combing both revenue and capital is now £9,558k which is £189k less than the budget.
Councillor Alun Roberts, Portfolio Member for Adult Services and Community Safety highlighted the collaborative efforts between Housing and Social Services in developing accommodation for vulnerable individuals, particularly adults with special/learning needs. This initiative forms part of the broader strategy to modernise services for adults with learning disabilities and to promote opportunities to enable them lead full, independent lives within their own communities.
It was resolved to note the following –
· The position set out in respect of the financial performance of the Housing Revenue Account (HRA) for Quarter 1 2025/26.
· The forecast outturn for 2025/26.