Issue - meetings

To consider the report of the Strategic Director for Corporate Resources.

Agreed:

RECOMMENDED that Council:

(1)     approves the Council’s overall spending proposals in respect of the HRA revenue;

(2)     approves the HRA Capital Programme;

(3)     notes and considers the budget assessment by the Section 151 Officer as set out in Section 10 of the report when agreeing the recommendations; and

(4)     sets the HRA minimum balance at £3.525 million for 2026/27.

Reason for Decision: As set out in the report.

The Executive received the report which proposed the Housing Revenue Account (HRA) budget for 2026-27, covering both the revenue account and capital programme.

Particular reference was made to:

• the Housing Revenue Account (HRA) being separated into its own report for clarity on proposed budgets and the capital programme;
• housing rent increases approved in December 2025 had been factored into the budget;
• there was no significant additional spending required this year and the budget was balanced; and
• the minimum level of reserves would remain the same as in 2025–26 and the HRA Capital Programme remained significant.

The Leader highlighted the importance of building more council homes to provide affordable housing in Exeter.

The Leader moved the recommendations, which were seconded by Councillor

Wright, voted upon, and CARRIED unanimously.

RECOMMENDED that Council:

(1)   approves the Council’s overall spending proposals in respect of the HRA revenue;

(2)   approves the HRA Capital Programme;

(3)   notes and considers the budget assessment by the Section 151 Officer as set out in Section 10 of the report when agreeing the recommendations; and

(4)   sets the HRA minimum balance at £3.525 million for 2026/27.