Housing Revenue Account (HRA) capital programme
Kensington and Chelsea Council is reviewing its 2024/25 financial outturn, which reported an underspend in capital projects.
Kensington and Chelsea Council's Overview & Scrutiny Committee discussed the Final Outturn 2024/25 - Revenue and Capital Monitoring Report in July 2025. The report detailed an underspend in capital projects for the 2024/25 financial year, alongside a £5.207m underspend in the General Fund revenue budget, which was transferred to reserves.
The Housing Revenue Account (HRA) capital programme involves planned investments by local councils for their housing stock. These programmes focus on improvements, new developments, and maintenance, and are typically funded through rental income.
Key facts
- Kensington and Chelsea Council's Overview & Scrutiny Committee discussed the Final Outturn 2024/25 - Revenue and Capital Monitoring Report in July 2025. Source
- The report detailed an underspend in capital projects for Kensington and Chelsea Council in the 2024/25 financial year. Source
- Kensington and Chelsea Council reported a £5.207m underspend in its General Fund revenue budget for 2024/25. Source
- Of the £5.207m underspend, £381k was allocated to the Car Parking reserve and £4.827m to the Budget Stabilisation reserve. Source
- The total General Fund revenue budget for Kensington and Chelsea Council in 2024/25 was £195.100m. Source
About this summary
This summary was written automatically from our published stories and the council meeting records they draw on. It describes what councils have discussed and decided; it does not take a view on any decision. Each key fact links to the story it comes from. Updated 30 September 2026. Spotted a mistake? Email community@opencouncil.network.