Appendix 4 – Housing Revenue Account 2023/24 Projected Outturn

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APPENDIX 4
PERTH & KINROSS COUNCIL - HOUSING REVENUE ACCOUNT 2023/24 PROJECTED OUTTURN
(Based on expenditure to 31 January 2024)
£'000
(163) Housing Repairs
Projected under spend on staff costs (£161,000), service & maintenance contracts (£110,000), planned maintenance (£70,000) and
supplies & services (£9,000).  This is partially offset by projected savings on energy costs (£63,000), EICRs (£44,000), external voids
(£30,000), transport hire (£29,000) and internet of things (£21,000).
(30) Improvements
Additional Renewable Heat Incentive income (£61,000) and projected under spends on staff costs (£39,000) and other costs (£8,000),
partially offset by additional costs in relation to retrofit strategy (£78,000) partially offset by projected under spend on staff costs
(£10,000).
279 Letham, North & South
Projected over spends on IT costs (£90,000); staff costs (£76,000), decant costs in relation to burst pipes (£44,000); garden
maintenance (£31,000); costs of uplifts, cleans & grass cuts (£64,000); cleaning (£5,000) and other non-staff related budgets (£5,000). 
These are partially offset by a projected under spend on sheriff officer fees (and related income) (£20,000), transport costs (£13,000)
and additional income (£3,000).
0 Perth City and Specialist
Projected over spends on decant costs / disturbance payments relating to burst pipes (£69,000), non-staff budgets (£17,000) and
energy (£7,000), partially offset by projected under spends on additional income from the Common Housing Register (£11,000) and
recharges (£19,000) and additional staff slippage (£63,000). 
58 Housing Management
Projected over spend on staff costs (£26,000) and costs for the valuation of Council stock (£32,000).
(520) Administration
Projected under spend on bad debt provision based on latest assessment of arrears (£683,000), an increased net income from
recharges to and from the Housing Revenue Account (£39,000) and under spends on property costs (£24,000).  These are partially
offset by additional void rent loss (£180,000) and increased sales ledger bad debt provision (£46,000).
96 Income
Projected shortfall in mainstream rental income due to less properties than anticipated when budget was set (£334,000) and reduced
income for commercial rent (£30,000).  These are partly offset by projected increased income for Interest on Revenue Balances
(£250,000) and additional income for garages and lock-ups (£18,000).
280 Capital Financed from Current Revenue
As a result of the projected net under spends highlighted above, this is the increase in the amount available to invest in the HRA
capital programme from the Revenue Budget.
0
Summary of Service Variances