Decision details

Following consideration of the officer report, appendices, and discussion, the Executive resolved to endorse the following recommendations and recommend them to Full Council for approval:

1. The HRA Annual Revenue Budget for 2025/26 as set out in Section 3 and in Appendix A.  

2. The Capital Programme of £304.638m including new additions of £213.587m and budget deletions of £4.738m as detailed in Section 4 and Appendix B. 

3. Delegate to the Chief Finance Officer (Section 151 Officer) to approve the final capital financing of the capital programme annual spend. 

4. Delegate to the Chief Finance Officer (Section 151 Officer) and the Executive Director of Community, Place & Economy, in conjunction with the Deputy Leader of the Council and Lead Member for Finance, Procurement and Performance and the Lead Member for Communities, Housing Revenue Account, Culture and Equalities and Diversity to approve the tenure (social vs affordable rents) of each social housing scheme. 

5. Delegated authority to the Executive Director of Community, Place & Economy and the Chief Finance Officer (Section 151 Officer), in conjunction with the Lead Member for Communities, Housing Revenue Account, Culture and Equalities and Diversity, to acquire dwellings in accordance with the HRA Capital Programme for 2025/26 to 2029/30 and updated Business Plan 2025/26. 

6. To approve the minimum balance for the HRA General Reserves at £5.863m, the equivalent of 10% of revenue for 2025/26 and approximately £600 per property. 

7. To note the Medium Term Financial Plan 2025/26 to 2029/30. 

8. To note the updated 30-Year Business Plan in Section 7 and Appendix C.