Appendix 4 – Housing Revenue Account 2024/25 Projected Outturn

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APPENDIX 4
PERTH & KINROSS COUNCIL - HOUSING REVENUE ACCOUNT 2024/25 PROJECTED OUTTURN
(Based on expenditure to 30 November 2024)
£'000
645 Housing Repairs
Projected over spend in repairs  primarily due to resolving the backlog (£530,000), energy costs (£35,000), transport costs (£50,000)
and external voids (£30,000).
(50) Improvements
Delay in commencement of Energy Performance Certificates contract .
103 Letham, North & South
Projected increase in costs arising from garden maintenance contract (£113,000), energy (£8,000), property costs (£35,000). These
are partially offset by  projected under spends in tenants participation (£40,000), cleaning (£8,000) and non-domestic rates (£5,000).
25 Perth City and Specialist
Projected over spends on property costs (£20,000) and disturbance payments (£5,000).
(405) Administration
Projected under spend on bad debt provision based on latest assessment of arrears (£750,000), projected slippage across HRA in
excess of slippage target (£100,000) and projected underspend on non-domestic rates (£25,000) . These are partially offset by
additional property costs relating to void council tax (£160,000) and insurance (£115,000), void rents loss (£135,000) and increased
sales ledger bad debt provision (£60,000).
(460) Income
Projected additional income from mainstream rents (£220,000), garages and lock-ups (£25,000) and projected increased income for
Interest on Revenue Balances (£250,000). These are partially offset by reduced income from commercial rent (£35,000).
142 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.
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Summary of Service Variances