Appendix IV - Monitoring of Prudential Indicators - Period ending 31 March 2026

Perth and Kinross Council · 22 April 2026
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PERTH AND KINROSS COUNCIL
PRUDENTIAL INDICATORS - 6 MONTHS ENDING 31 MARCH 2026
APPENDIX IV
1 Financing Costs:Net Revenue Stream
The ratio of Capital Financing Costs (Loan Charges) to the Council's net revenue stream shall not exceed the following limits, which are based on historic levels, and allow some
headroom for movement in interest rates. The estimated Financing Costs below are based on the latest monitoring figures.
2025/26 2026/27 2027/28 2028/29 2029/30 2030/31
Prudential Limit - General Fund 15.00% 15.00% 15.00% 15.00% 15.00% 15.00%
Estimated Ratio of Financing Costs to Revenue 7.80% 7.56% 8.67% 9.04% 9.44% 9.91%
Prudential Limit - HRA 30.00% 30.00% 30.00% 30.00% 30.00% 30.00%
Estimated Ratio of Financing Costs to Revenue 23.51% 22.70% 26.48% 26.89% 26.98% 27.24%
2 Gross & Net Borrowing and Capital Financing Requirements
For prudence, net external borrowing must not exceed the total capital financing requirement, thus ensuring that over the medium term, borrowing is only undertaken for capital
purposes. The estimated total net borrowing and Capital Financing Requirement at the end of each of the years are as follows:
Projected Projected Projected Projected Projected Projected
31-Mar-26 31-Mar-27 31-Mar-28 31-Mar-29 31-Mar-30 31-Mar-31
Net External Borrowing* 906,182,000 1,031,391,000 1,121,085,000 1,194,378,000 1,250,505,000 1,307,443,000
Gross External Borrowing* 928,099,000 1,052,391,000 1,141,085,000 1,214,378,000 1,270,505,000 1,327,443,000
Capital Financing Requirement 992,000,000 1,116,746,000 1,195,903,000 1,250,350,000 1,292,357,000 1,346,390,000
*For the purpose of this indicator, Borrowing includes the outstanding liability under PPP/PFI contracts.
3 Estimates of Gross Capital Expenditure
The total estimated Capital Expenditure contained within the Council's Budgets for each year is as follows, based on updated monitoring figures.
Composite Programme 2025/26 2026/27 2027/28 2028/29 2029/30 2030/31
Current estimate 97,437,000 127,791,000 112,634,000 83,712,000 72,750,000 79,076,000
Original Budget Estimate 147,463,000 131,218,000 90,468,000 65,909,000 48,527,000 44,716,000
Movement in Estimated Capital Expenditure (50,026,000) (3,427,000) 22,166,000 17,803,000 24,223,000 34,360,000
The Original Budget Estimates are those per the Capital Monitoring Report on 30 April 2025, and incorporating 2030/31 approved expenditure from 26 February 2025
The latest estimates for Capital Expenditure are based on the F&R Capital Monitoring Report No 4 on 22 April 2026.
HRA Programme 2025/26 2026/27 2027/28 2028/29 2029/30 2030/31
Current estimate 34,429,000 33,996,000 18,256,000 10,698,000 9,423,000 21,044,000
Original Budget Estimate 28,098,000 14,411,000 14,265,000 12,076,000 20,044,000 20,000,000
Movement in Estimated Capital Expenditure 6,331,000 19,585,000 3,991,000 (1,378,000) (10,621,000) 1,044,000
The Original Budget Estimates are those per the Capital Monitoring report on 30 April 2025, incorproating 2029/30 approved expenditure on 27 January 2025, and January 2026 for 2030/31.
The latest estimates for Capital Expenditure are based on the F&R Capital Monitoring Report No 4 on 22 April 2026.

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PERTH AND KINROSS COUNCIL
PRUDENTIAL INDICATORS - 6 MONTHS ENDING 31 MARCH 2026
APPENDIX IV
4 Estimate of Capital Financing Requirement
The estimate (as at March 2026) of the Capital Financing Requirement (ie new borrowing requirement for Capital Expenditure) for each year based on these plans is as follows:
Composite Programme 2025/26 2026/27 2027/28 2028/29 2029/30 2030/31
Current Estimated Capital Financing Requirement 81,103,000 107,840,000 79,904,000 64,581,000 54,825,000 57,362,000
Original Budget Estimate 132,216,000 103,393,000 67,055,000 48,178,000 30,302,000 26,966,000
Movement in Estimated Capital Financing Requirement (51,113,000) 4,447,000 12,849,000 16,403,000 24,523,000 30,396,000
The Original Budget Estimates are those per the Capital Monitoring Report on 30 April 2025, and incorporating 2030/31 approved expenditure from 26 February 2025
The latest estimates for Capital Expenditure are based on the F&R Capital Monitoring Report No 4 on 22 April 2026.
HRA Programme 2025/26 2026/27 2027/28 2028/29 2029/30 2030/31
Current Estimated Capital Financing Requirement 32,745,000 32,605,000 16,874,000 9,196,000 7,432,000 18,735,000
Original Budget Estimate 26,615,000 12,865,000 12,652,000 10,063,000 17,659,000 17,500,000
Movement in Estimated Capital Financing Requirement 6,130,000 19,740,000 4,222,000 (867,000) (10,227,000) 1,235,000
The Original Budget Estimates are those per the Capital Monitoring report on 30 April 2025, incorproating 2029/30 approved expenditure on 27 January 2025, and January 2026 for 2030/31.
The latest estimates for Capital Expenditure are based on the F&R Capital Monitoring Report No 4 on 22 April 2026.
5 External Debt (Gross and Net)
Projected Projected Projected Projected Projected Projected
External Borrowing 31-Mar-26 31-Mar-27 31-Mar-28 31-Mar-29 31-Mar-30 31-Mar-31
Public Works Loan Board 754,000,000 900,694,444 1,014,888,889 1,093,583,333 1,155,111,111 1,217,750,000
Market Bonds (LOBOs) 53,200,000 53,200,000 33,200,000 33,200,000 33,200,000 33,200,000
Project Borrowing 0 0 0 0 0 0
Special Loans 2,796,000 2,796,000 2,796,000 2,796,000 2,796,000 2,796,000
Temporary Loans/Other Borrowing 19,501,257 2,500,000 2,400,000 2,400,000 2,400,000 2,400,000
Other Long Term Liabilities (PPP/PFI) 98,601,472 93,200,672 87,799,872 82,399,072 76,998,272 71,297,472
Total Gross External Debt 928,098,729 1,052,391,116 1,141,084,761 1,214,378,405 1,270,505,383 1,327,443,472
Short Term Investments (21,916,548) (21,000,000) (20,000,000) (20,000,000) (20,000,000) (20,000,000)
Long Term Investments 0 0 0 0 0 0
Total Net External Debt 906,182,181 1,031,391,116 1,121,084,761 1,194,378,405 1,250,505,383 1,307,443,472
Note:
Operational Boundary 929,000,000 1,053,000,000 1,142,000,000 1,215,000,000 1,271,000,000 1,328,000,000
Authorised Limit 1,300,000,000 1,355,000,000 1,355,000,000 1,355,000,000 1,355,000,000 1,355,000,000
The Operational Boundary and Authorised Limit are based on Gross External Debt.

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PERTH AND KINROSS COUNCIL
PRUDENTIAL INDICATORS - 6 MONTHS ENDING 31 MARCH 2026
APPENDIX IV
6 Principal Sums Invested Longer Than 365 Days
The Upper Limit for sums invested for over 1 year up to 3 years is £45 million. There were no amounts invested within this period as at 31 March 2026.
7 MATURITY STRUCTURE
The lower and upper limit for the proportion of the Council's total-long term debt which matures in each of  the time bandings below, and is therefore subject to refinancing at the
prevailing market rates, is as follows:
Borrowing Maturity Structure Lower Limit Upper Limit Estimated
Under 12 months 0% 35% 11.45%
over 12 months and < 24 months 0% 35% 12.28%
over 2 years and < 5 years 0% 50% 14.75%
over 5 years and < 10 years 0% 75% 2.93%
over 10 years 10% 95% 58.59%
The maurity profile for the Council's current long-term portfolio as at 31st March 2026, measured from the start of the financial year, is as follows:
Less 1 Year 1 - 2 Years 2 - 5 Years 5 - 10 Years 10 - 20 Years 20 - 30 Years 30 - 40 Years 40 - 50 Years Over 50 Years Total
PWLB 30,000,000 50,000,000 57,500,000 0 5,000,000 0 60,000,000 384,000,000 0 586,500,000
PWLB EIP 68,305,556 55,805,556 39,638,889 3,750,000 0 0 0 0 0 167,500,000
LOBOs 0 0 20,000,000 0 0 8,000,000 25,200,000 0 0 53,200,000
Other 0 0 0 0 0 0 0 0 0 0
PPP/PFI 5,400,800 5,400,800 16,502,400 22,803,200 48,494,272 0 0 0 0 98,601,472
Total 103,706,356 111,206,356 133,641,289 26,553,200 53,494,272 8,000,000 85,200,000 384,000,000 0 905,801,472
Percentage 11.45% 12.28% 14.75% 2.93% 5.91% 0.88% 9.41% 42.39% 0.00% 100.00%