Appendix 4 - 2025/26 Housing Revenue Account

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APPENDIX 4
PERTH AND KINROSS COUNCIL - HOUSING REVENUE ACCOUNT 2025/26 FINAL OUTTURN
£'000
Service Wide
100 Additional pay award costs across the Housing Revenue Account
(234) Slippage across HRA in excess of slippage target
(8) Underspend across non-staff budgets
Repairs & Trades
422 Overspend on external voids due to use of external contractors.
289 Overspend on external repairs & maintenance due to use of external contractors and increased stock levels.
(614) Underspend within stores as a result of increased usage of external contractors.
(219) Underspend within Electrical Inspection Condition Report (EICR) contract as a result of less remedial works required.
95 Purchase of additional Internet Of Things Sensors for installing in tenant's homes
(181) Underspend within planned maintenance
91 Overspend on transport costs
118 Overspend in relation to Emergency Lighting remedial works
(72) Additional income for recoverable charges
(3) Underspend in Shops & Offices
(17) Underspend in Social Work Adaptations
(19) Underspend across various non-staff budgets
82 Housing Repairs - additional staff and fire assessments remedial work to be funded from earmarked reserves.
Improvements
(142) Additional Ofgem income for Renewable Heat Incentives
(23) Recharge to HEEPS ABS programme for Project Manager costs
49 Overspend in relation to cost of RAAC surveys and architects fees
24 Overspend in relation to cost of Energy performance Certificate works
(8) Underspend across non-staff budgets
49 Housing Improvements - additional staff to be funded from earmarked reserves.
Housing Localities
44 Overspend on non-staff budgets across locality offices
(78) Underspend on Garden Maintenance contract
(79) Underspend within energy costs in Sheltered Housing
(65) Underspend within non-staff budgets in Sheltered Housing
(38) Underspend within Tenant Participation
137 Localities - additional staff to be funded from earmarked reserves..
General Administration
134 Overspend on Void Council Tax
552 Overspend on loan charges due to acceleration of capital programme including buy backs including paying off some debt earlier
(12) Underspend on corporate recharges
(507) Underspend on rent bad debt provision based on estimated rent arrears position.
156 Increase in insurance costs
(19) Underspend within rates
(110) Underspend within void rent loss
64 Overspend on sales ledger bad debt provision
11 Overspend across non-staff budgets
Income
(114) Additional Interest on Revenue Balances income.
(802) Additional income based on stock levels.
CFCR
453 As a result of the net under spends highlighted above, this is the additional amount available to support the HRA capital programme
from the Revenue Budget.
(268) Contribution from HRA Earmarked Reserve
(762) Net Projected Underspend to be transferred to Earmarked and Unearmarked Reserves
HRA Reserve Information
1,258 Opening HRA Earmarked Reserve
(268) Total contribution from HRA Earmarked Reserve.
562 Total contribution to HRA Earmarked Reserve from underspends.
1,552 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