Appendix 4 - Housing Revenue Account 2025/26 Projected Outturns (Revised)

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APPENDIX 4
(Revised)
PERTH AND KINROSS COUNCIL - HOUSING REVENUE ACCOUNT 2025/26 PROJECTED OUTTURN
(Based on Expenditure to 31 January 2026)
£'000
Service Wide
100 Projected additional pay award costs across the Housing Revenue Account
(101) Projected slippage across HRA in excess of slippage target
Repairs & Trades
447 Projected overspend on external voids due to use of external contractors.
188 Projected overspend on external repairs & maintenance due to use of external contractors and increased stock levels.
(670) Projected underspend within stores as a result of increased usage of external contractors.
(125) Projected underspend within Electrical Inspection Condition Report (EICR) contract as a result of less remedial works required.
102 Purchase of additional Internet Of Things Sensors for installing in tenant's homes
(190) Projected underspend within planned maintenance
59 Projected overspend on transport costs
90 Projected overspend in relation to Emergency Lighting remedial works
(64) Projected additional income for recoverable charges
89 Housing Repairs - additional staff and fire assessments remedial work to be funded from earmarked reserves.
Improvements
(126) Projected additional Ofgem income for Renewable Heat Incentives
(11) Recharge to HEEPS ABS programme for Project Manager costs
51 Projected overspend in relation to cost of RAAC surveys and architects fees
30 Projected overspend in relation to cost of Energy performance Certificate works
49 Housing Improvements - additional staff to be funded from earmarked reserves.
Housing Localities
78 Projected overspend on non-staff budgets across locaity offices
(70) Projected underspend on Garden Maintenance contract
(110) Projected underspend within energy costs in Sheltered Housing
(35) Projected underspend within non-staff budgets in Sheltered Housing
(20) Projected underspend within Tenant Participation
141 Localities - additional staff to be funded from earmarked reserves..
Specialist Services
0 Localities - additional staff and costs for downsizing scheme to be funded from earmarked reserves.
General Administration
139 Projected overspend on Void Council Tax based on 2024/25 outturn.
773 Projected overspend on loan charges due to acceleration of capital programme including buy backs including paying off some debt
earlier
119 Projected overspend on corporate recharges based on 2024/25 plus 3% due to increasing Council wide costs.
(494) Projected underspend on rent bad debt provision based on estimated rent arrears position.
157 Projected increase in insurance costs
(20) Projected underspend within rates
(100) Projected underspend within void rent loss
Income
(100) Projected additional Interest on Revenue Balances income.
(750) Projected additional income based on stock levels.
CFCR
453 As a result of the projected net under spends highlighted above, this is the additional amount available to support the HRA capital
programme from the Revenue Budget.
(279) Contribution from HRA Earmarked Reserve
(200) Net Projected Underspend to be transferred to Unearmarked Reserves
HRA Reserve Information
1,258 Opening HRA Earmarked Reserve
(279) Total contribution from HRA Earmarked Reserve.
979 Projected Closing HRA Earmarked Reserve
1,000 Opening HRA Unearmarked Reserve
200 Total contribution to HRA Unearmarked Reserve
1,200 HRA Unearmarked Reserve - 3.1%
Summary of Service Variances