Appendix 4 – Housing Revenue Account 2024/25 Projected Outturn
Perth and Kinross Council · 30 April 2025
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APPENDIX 4 PERTH & KINROSS COUNCIL - HOUSING REVENUE ACCOUNT 2024/25 PROJECTED OUTTURN (Based on expenditure to 31 January 2025) £'000 585 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). These projected over spends have been partially offset by reduced costs in Electrical Inspection Condition Report (EICR) costs (£60,000). 50 Improvements Cost of RAAC Surveys (£120,000) and EPC contract (£30,000) partially offset by additional OFGEM income (£100,000), 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 (£200,000) 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), additional costs relating to corporate recharges (£100,000) 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 Interest on Revenue Balances (£250,000). These are partially offset by reduced income from commercial rent (£35,000). 102 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. 455 Additional HRA non-recurring spend - - Improvements Team: £131,000 - Housing Repairs: £81,000 - Housing Enablement: £60,000 - Gypsy Travellers: £31,000 - Repairs and Maintenance: £152,000 (455) Proposed to draw down from HRA earmarked reserves 0 Summary of Service Variances