Item 14 - HRA Capital BCR to period 10
West Dunbartonshire Council · 13 May 2026
Back to Housing & Communities Committee — 13 May 2026 and its agenda
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WEST DUNBARTONSHIRE COUNCIL Report by Chief Officer – Resources Housing and Communities Committee: 13 May 2026 ___________________________________________________________________ Subject: Housing Revenue Account (HRA) Capital Budgetary Control Report to 31 January 2026 (Period 10) 1. Purpose 1.1 This report provides an update on the HRA capital programme to 31 January 2026. 2. Recommendations 2.1 Members are asked to: i) Note the position of the 2025/26 HRA capital budget and the HRA capital plan on 31 January 2026. ii) Note project life performance is monitored against a £345.311m project life expenditure estimate, an £80.378m project life income estimate and a £264.933m five-year borrowing requirement. iii) Note that eleven projects are forecast to deliver a total underspend of £9.249m against their five-year project life budgets. iv) Note in year financial performance is monitored against a 2025/26 capital expenditure budget of £55.547m, 2025/26 capital income budget of £6.290m and a one-year borrowing requirement of £49.257m. v) Note there is an anticipated under spend of £10.477m against 2025/26 budgets reducing the forecast one-year borrowing requirement to £38.780m. 3. Background 3.1 The Council approved the HRA Capital Plan for 2025/26 to 2029/30 on 5 March 2025. The HRA capital plan approved £70.590m of capital expenditure and £15.324m of capital income in 2025/26, creating a borrowing requirement of £55.266m. 3.2 At its meeting on the 27 August 2025, this committee agreed budget adjustments that revised the 2025/26 capital expenditure budget to £55.547m and the capital income budget to £6.290m, an updated one-year borrowing requirement of £49.257m. Committee also approved a revised project life budget of £264.933m. A summary of the revised capital budgets is set out in Exhibit 1. ITEM 14
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Exhibit 1: HRA Capital Estimates 2025/26 – 2029/30 Forecast BCR10 (£m) 2025/26 Budget (£m) Variance (£m) Project Life Forecast BCR10 (£m) Project Life Budget (£m) Other Capital 6.338 7.433 (1.095) 25.982 26.267 Component Replacement 13.450 20.881 (7.431) 86.762 93.567 Void 5.777 5.258 0.519 19.873 19.873 Structural & Environmental 1.942 3.762 (1.820) 16.689 17.320 Support Costs 3.100 3.100 - 17.155 17.155 More Homes 19.452 15.113 4.339 170.877 171.129 Total Expenditure 50.059 55.547 (5.488) 337.388 345.311 Total Income (11.279) (6.290) (4.989) (81.654) (80.378) Prudential Borrowing 38.780 49.257 (10.477) 255.684 264.933 4. Main Issues 4.1 Progress against the 2025/26 capital plan is detailed in: Appendix 1 – HRA Capital Summary BCR10 Appendix 2 – HRA Capital Detail BCR10 4.2 The HRA capital summary report at Appendix 1 reports that: project life expenditure is forecast to be less than budget by £7.973m over the 5-year period of the capital plan. one project has forecast project life income of £1.276m more than the project budget consequently, prudential borrowing will be £9.249m less than the approved project life budget over the 5-year period of the capital plan. 4.3 Appendix 2 reports all projects with their approved in year and project life estimates as well as their 2025/2026 expenditure and income forecasts. The appendix reports: 2025/26 forecast spend of £50.059m, a £5.488m underspend against the revised 2025/26 budget. 2025/26 forecast income of £11.279m, a £4.989m over recovery against the revised 2025/26 budget. 2025/26 prudential borrowing forecast of £38.780m, £10.477m less than the revised budget for 2025/26. 4.4 Commentary on the 2025/26 variances above £50,000 are set out in Exhibit 2 below.
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Exhibit 2: Project Over / Underspends 2025/2026 as at BCR10 Ref Project BCR10 Forecast (£m) 25/26 Budget (£m) 25/26 Variance (£m) Commentary 1 Capitalised Minor Works 3.430 3.715 (0.285) Reduced contractors spend. 2 Environmental Sensors 1.200 2.000 (0.800) Underspend due to challenges getting access to properties 3 Targeted SHQS /EESSH compliance works 4.000 6.628 (2.628) Underspend reflects the changing mix of the capital programme with an increased number of mixed tenure blocks that require owner consent before work can start. This necessary process delays project start. 4 External Component Renewal - Roofs 0.850 2.550 (1.700) Underspend reflects the changing mix of the capital programme with an increased number of mixed tenure blocks that require owner consent before work can start. This necessary process delays project start. 5 Doors/Window Component Renewals 3.914 4.985 (1.071) Underspend due to challenges getting access to properties. Install team to continue programmed addresses and revisit no accesses to use materials already supplied. 6 External Stores / Garages / Bin Stores 0.000 0.048 (0.048) Works are being funded from the capitalised minor works budget. 7 Secure entry component renewals 0.000 0.100 (0.100) Works are being funded from the capitalised minor works budget. 8 Statutory / Compliance Works 0.100 0.594 (0.494) Health and safety works are being funded from the capitalised minor works budget. 9 Energy Improvements / Efficiency Works 0.000 0.058 (0.058) Works are being funded from the capitalised minor works budget. 10 Kitchen Upgrade 1.700 2.850 (1.150) Underspend projected as team re-assess and pre- inspect to ensure a focus on necessary renewals led by condition.
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Ref Project BCR10 Forecast (£m) 25/26 Budget (£m) 25/26 Variance (£m) Commentary 11 Bathroom & Shower Replacement 0.750 0.800 (0.050) Underspend projected as team re-assess and pre- inspect to ensure a focus on necessary renewals led by condition. 12 Void House Programme 5.777 5.258 0.519 Overspend due to mix of work requiring contactors in addition to in-house team. 13 Defective structures /component renewals 0.169 0.800 (0.631) Underspend projected as future blocks are pre- inspected for condition and re- prioritisation for completion if necessary. 14 Environmental Renewal - Paths & Environment 1.131 1.000 0.131 Overspend due to mix of work requiring contactors in addition to in-house team. Overspend will be re-profiled across future years. 15 Multi Storey Flat Strategy 0.400 1.720 (1.320) Revised projection based on timing of programme. 16 Demolition Programme 0.213 0.140 0.073 Revised projection based on timing of programme. 17 Clydebank East 0.300 0.250 0.050 Revised projection based on development project plan. 18 Pappert 0.875 0.730 0.145 Revised projection based on development project plan. 19 Gilmour Avenue 0.336 0.264 0.072 Revised projection based on development project plan 20 Willox Park Phase1 3.400 2.980 0.420 Revised projection based on development project plan. 21 Bank Street 1.300 1.500 (0.200) Revised projection based on development project plan. 22 Bonhill Gap Sites 5.145 1.600 3.545 Revised projection based on development project plan. 23 West Thomson Street 0.460 0.375 0.085 Revised projection based on development project plan. 24 Silverton 0.050 0.100 (0.050) Revised projection based on development project plan. 25 Queen Mary Avenue 2.000 0.800 1.200 Revised projection based on development project plan.
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Ref Project BCR10 Forecast (£m) 25/26 Budget (£m) 25/26 Variance (£m) Commentary 26 Dennystoun Forge 0.030 0.400 0.370 Revised projection based on development project plan. 27 Ottawa Crescent 0.400 0.250 0.150 Revised projection based on development project plan. 28 Future New Build & Related Regeneration Projects 0.000 0.550 (0.550) Revised projection based on development project plan. 29 Fees, Contingency 0.000 0.150 (0.150) Contingency released 30 Scottish Govt Buyback Grant Income (2.700) (0.550) (2.150) Revised projection based on the distribution of Scottish Government acquisition funding. 31 Bank Street Grant Income (0.950) (1.500) 0.550 Revised projection based on the application of the Strategic Local Programme 32 Bonhill Gap Sites Grant Income (3.360) (1.600) (1.760) Revised projection based on the application of the Strategic Local Programme 33 West Thomson Street Grant Income (0.450) (0.375) (0.075) Revised projection based on the application of the Strategic Local Programme 34 Ottawa Crescent Grant Income (0.400) 0.000 (0.400) Revised projection based on the application of the Strategic Local Programme 35 Future new build sites & regeneration projects Grant Income 0.000 (0.060) 0.060 Funding released to support accelerated projects 36 Other Grant Income (1.620) (0.406) (1.214) Additional Scottish Government Net Zero Funding awarded to fabric first energy efficiency works and additional Scottish Government grant to support capital works on properties allocated to the resettlement service 4.5 Budget assumptions are required to forecast costs / income, especially where projects span multi-year and project finances have yet to be finalised. It is therefore likely that the projected year end position will change during the year. 5. Option Appraisal 5.1 No option appraisal was required for this report.
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6. People Implications 6.1 There are no people implications. 7. Financial and Procurement Implications 7.1 The report notes the projected in-year financial position for capital estimates. 8. Risk Analysis 8.1 The main risks are as follows: (a) The reported variances should be viewed in the knowledge that there are several variable factors which could arise between now and 31 March which could affect the year end results for capital budgets. (b) To forecast for the full year costs budget assumptions have been required. These assumptions continue to change regularly and therefore it is likely the projected year end position will change from that reported. 9. Equalities Impact Assessment (EIA) 9.1 No equalities impact assessment was required in relation to this report. 10. Environmental Sustainability 10.1 No assessment of environmental sustainability was required in relation to this report. 11. Consultation 11.1 All services involved in delivering the capital estimates have been consulted during the compilation of this report. 12. Strategic Assessment 12.1 Proper budgetary control and sound financial practice are cornerstones of good governance and support Council and officers to pursue the strategic priorities of the Council’s current Strategic Plan. This report forms part of the financial governance of the Council. ________________ Laurence Slavin Chief Officer – Resources Date: 13 May 2026
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Person to Contact: Jim McCarron Business Partner, Finance 07772 322055 E-mail: james.mccarron@west-dunbarton.gov.uk Appendices: Appendix 1 - HRA Capital Summary BCR10 Appendix 2- HRA Capital Details BCR10 Background Papers: Housing Revenue Account (HRA) Capital Investment Programme, Revenue Budget, and Rent Levels for 2025/26 - Council 5 March 2025. Wards Affected All Wards