Appendix III – HRA Capital Investment Programme – Summary of Capital Resources and Expenditure 2024/25 to 2028/29
Perth and Kinross Council · 20 November 2024
Back to Finance and Resources Committee — 20 November 2024 and its agenda
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APPENDIX III Approved Proposed Revised Actual Projected Revised Revised Revised Revised Revised Budget Budget Budget to Outturn Budget Budget Budget Budget Budget 18-Sep-24 Adjustment 30-Sep-24 Report 2 Report 2 Report 2 Report 2 Report 2 Report 2 Report 2 Report 2 2024/25 2024/25 2024/25 2024/25 2024/25 2025/26 2026/27 2027/28 2028/29 TOTAL £'000 £'000 £'000 £'000 £'000 £'000 £'000 £'000 £'000 £'000 Council House New Build Programme Fairfield, Perth 4 4 4 0 0 0 0 4 Council Tax (Second Income) 0 0 0 0 0 0 0 0 Scottish Government Subsidy 0 0 0 0 0 0 0 0 4 0 4 0 4 0 0 0 0 4 Lynedoch Road, Methven - Phase 2 1,175 1,175 815 1,175 0 0 0 0 1,175 Council Tax (Second Income) (240) (240) (240) (240) 0 0 0 0 (240) Scottish Government Subsidy 0 0 0 0 0 0 0 0 935 0 935 575 935 0 0 0 0 935 Lynedoch Road, Methven - Phase 3 0 1,097 1,097 654 1,097 0 0 0 0 1,097 Council Tax (Second Income) 0 (100) (100) (100) 0 0 0 0 (100) Scottish Government Subsidy 0 (556) (556) (556) 0 0 0 0 (556) 0 441 441 654 441 0 0 0 0 441 Future Developments 5,090 (1,776) 3,314 3,314 6,014 6,014 10,292 6,014 31,648 Council Tax (Second Income) 0 0 0 0 0 0 0 0 Scottish Government Subsidy 0 0 0 0 0 0 0 0 5,090 (1,776) 3,314 0 3,314 6,014 6,014 10,292 6,014 31,648 Total Council House New Build 6,029 (1,335) 4,694 1,229 4,694 6,014 6,014 10,292 6,014 33,028 Increase in Council House Stock Council House Buy-Backs 5,205 1,335 6,540 7,229 6,540 4,000 4,000 4,000 4,000 22,540 Scottish Government Subsidy (1,400) (1,400) (980) (1,400) 0 0 0 0 (1,400) 3,805 1,335 5,140 6,249 5,140 4,000 4,000 4,000 4,000 21,140 Lock-ups and Garage Sites 50 50 50 0 0 0 0 50 Standard Delivery Plan Heating Upgrade Contract Works 1,335 1,335 285 1,335 1,320 811 0 0 3,466 Rewiring, Infrastructure & Property Refurbishment 1,628 1,628 470 1,628 850 0 0 0 2,478 Triple Glazing 1,116 1,116 1,052 1,116 0 0 0 0 1,116 Controlled Door Entry 34 34 27 34 0 0 0 0 34 - less Third Party Contribution (5) (5) (5) 0 0 0 0 (5) Kitchen Modernisation Programme 1,352 1,352 427 1,352 2,025 0 0 0 3,377 Bathroom Modernisation Programme 998 998 481 998 0 0 0 0 998 External Fabric 1,460 224 1,684 566 1,684 0 0 0 0 1,684 - less Third Party Contribution (77) (77) (77) 0 0 0 0 (77) Energy Efficiency 472 472 117 472 0 0 0 0 472 Multi Storey Flats 1,835 1,835 5 1,835 0 0 0 0 1,835 Environmental Improvements 272 119 391 324 391 0 0 0 0 391 Fire Precaution Measures 83 83 18 83 0 0 0 0 83 - less Third Party Contribution (20) (20) (20) 0 0 0 0 (20) Sound Insulation 389 389 389 42 0 0 0 431 Structural 256 256 8 256 985 0 0 0 1,241 SHQS Future Developments 0 0 0 4,066 4,808 5,210 3,351 17,435 Total Standard Delivery Plan 11,128 343 11,471 3,780 11,471 9,288 5,619 5,210 3,351 34,939 Other Investment in Council House Stock Total Major Adaptations to Council House Stock 10 10 2 10 0 0 0 0 10 Rannoch Road, Perth - Housing Regeneration 205 205 52 205 0 0 0 0 205 149-151 Dunkeld Road, Perth 20 20 1 20 0 0 0 0 20 St.Catherine's Square Redevelopment 3,393 3,393 4 3,393 0 0 0 0 3,393 Shops & Offices 50 50 50 239 0 0 0 289 Greyfriars and Satellite Sites 50 50 9 50 32 0 0 0 82 Double Dykes Chalet Replacement 5,949 5,949 54 5,949 573 0 0 0 6,522 - Scottish Government Grant (3,426) (3,426) (19) (3,426) 0 0 0 0 (3,426) General Capital Works 147 147 64 147 0 0 0 0 147 Upgrade and Replacements to Lifts Programme 121 121 121 0 0 0 0 121 ICT Expenditure 62 62 62 110 0 0 0 172 Mortgage to Rent 315 315 141 315 0 0 0 0 315 - less Government Grant (90) (90) (90) (90) 0 0 0 0 (90) Total Other Investment in Council House Stock 6,806 0 6,806 218 6,806 954 0 0 0 7,760 Total Net Expenditure 27,818 343 28,161 11,476 28,161 20,256 15,633 19,502 13,365 96,917 Income CAPITAL RECEIPTS (5) (79) (84) (84) (84) 0 0 0 0 (84) CFCR (1,833) (1,833) (1,833) (2,078) (2,004) (2,125) (2,340) (10,380) TOTAL BORROWING REQUIREMENT 25,980 264 26,244 11,392 26,244 18,178 13,629 17,377 11,025 86,453 HRA CAPITAL INVESTMENT PROGRAMME SUMMARY OF CAPITAL RESOURCES AND EXPENDITURE 2024/25 to 2028/29 PERTH AND KINROSS COUNCIL