URL: https://democracy.sheffield.gov.uk/ieDecisionDetails.aspx?ID=4244

Decision Maker:

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: No

Purpose:

Content: 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.  

Date of Decision: December 16, 2024