Appendix IV – Monitoring of Prudential Indicators – Period ending 31 March 2025

Perth and Kinross Council · 30 April 2025
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PERTH AND KINROSS COUNCIL
PRUDENTIAL INDICATORS - 6 MONTHS ENDING 31 MARCH 2025
APPENDIX IV
1 Financing Costs:Net Revenue Stream
The ratio of Capital Financing Costs (Loan Charges) to the Council's net revenue stream shall not exceed the following limits, which are based on historic levels, and allow some
headroom for movement in interest rates. The estimated Financing Costs below are based on the latest monitoring figures.
2024/25 2025/26 2026/27 2027/28 2028/29 2029/30
Prudential Limit - General Fund 15.00% 15.00% 15.00% 15.00% 15.00% 15.00%
Estimated Ratio of Financing Costs to Revenue 7.09% 7.52% 8.77% 9.49% 9.93% 10.19%
Prudential Limit - HRA 30.00% 30.00% 30.00% 30.00% 30.00% 30.00%
Estimated Ratio of Financing Costs to Revenue 22.84% 24.59% 26.95% 27.92% 28.44% 28.68%
2 Gross & Net Borrowing and Capital Financing Requirements
For prudence, net external borrowing must not exceed the total capital financing requirement, thus ensuring that over the medium term, borrowing is only undertaken for capital
purposes. The estimated total net borrowing and Capital Financing Requirement at the end of each of the years are as follows:
As at Projected Projected Projected Projected Projected
31-Mar-25 31-Mar-26 31-Mar-27 31-Mar-28 31-Mar-29 31-Mar-30
Net External Borrowing* 805,160,000 947,108,000 1,069,991,000 1,125,474,000 1,183,458,000 1,222,957,000
Gross External Borrowing* 829,277,000 967,108,000 1,089,991,000 1,145,474,000 1,203,458,000 1,242,957,000
Capital Financing Requirement 907,732,000 1,049,735,000 1,149,535,000 1,213,558,000 1,255,671,000 1,285,537,000
*For the purpose of this indicator, Borrowing includes the outstanding liability under PPP/PFI contracts.
3 Estimates of Gross Capital Expenditure
The total estimated Capital Expenditure contained within the Council's Budgets for each year is as follows, based on updated monitoring figures.
Composite Programme 2024/25 2025/26 2026/27 2027/28 2028/29 2029/30
Current estimate 151,709,000 149,363,000 130,268,000 89,518,000 65,909,000 48,527,000
Original Budget Estimate (including Budget Motion) 207,568,000 119,305,000 90,371,000 71,378,000 37,039,000 34,008,000
Movement in Estimated Capital Expenditure (55,859,000) 30,058,000 39,897,000 18,140,000 28,870,000 14,519,000
The Original Budget Estimates are those per the 2024/25 to 2029/30 Composite Capital Budget Report on 28 February 2024
The latest estimates for Capital Expenditure are based on the F&R Capital Monitoring Report No 4 on 30 April 2025.
HRA Programme 2024/25 2025/26 2026/27 2027/28 2028/29 2029/30
Current estimate 28,067,000 28,098,000 14,411,000 14,265,000 12,076,000 20,044,000
Original Budget Estimate 19,831,000 18,248,000 17,283,000 22,105,000 20,044,000 20,000,000
Movement in Estimated Capital Expenditure 8,236,000 9,850,000 (2,872,000) (7,840,000) (7,968,000) 44,000
The Original Budget Estimates are those per the 2024/25 to 2028/29 Housing & Social Wellbeing Budget Report on 24 January 2024.
The latest estimates for Capital Expenditure are based on the F&R Capital Monitoring Report No 4 on 30 April 2025.

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PERTH AND KINROSS COUNCIL
PRUDENTIAL INDICATORS - 6 MONTHS ENDING 31 MARCH 2025
APPENDIX IV
4 Estimate of Capital Financing Requirement
The estimate (as at April 2025) of the Capital Financing Requirement (ie new borrowing requirement for Capital Expenditure) for each year based on these plans is as follows:
Composite Programme 2024/25 2025/26 2026/27 2027/28 2028/29 2029/30
Current Estimated Capital Financing Requirement 116,529,000 134,116,000 102,443,000 66,105,000 48,178,000 30,302,000
Original Budget Estimate (including Budget Motion) 177,907,000 102,378,000 65,781,000 49,185,000 19,739,000 16,222,000
Movement in Estimated Capital Financing Requirement (61,378,000) 31,738,000 36,662,000 16,920,000 28,439,000 14,080,000
The Original Budget Estimates are those per the 2024/25 to 2029/30 Composite Capital Budget Report on 28 February 2024
The latest estimates for Capital Expenditure are based on the F&R Capital Monitoring Report No 4 on 30 April 2025.
HRA Programme 2024/25 2025/26 2026/27 2027/28 2028/29 2029/30
Current Estimated Capital Financing Requirement 26,032,000 26,615,000 12,865,000 12,652,000 10,063,000 17,659,000
Original Budget Estimate 17,998,000 16,170,000 15,279,000 19,980,000 17,704,000 17,700,000
Movement in Estimated Capital Financing Requirement 8,034,000 10,445,000 (2,414,000) (7,328,000) (7,641,000) (41,000)
The Original Budget Estimates are those per the 2024/25 to 2028/29 Housing & Social Wellbeing Budget Report on 24 January 2024.
The latest estimates for Capital Expenditure are based on the F&R Capital Monitoring Report No 4 on 30 April 2025.
5 External Debt (Gross and Net)
As at Projected Projected Projected Projected Projected
External Borrowing 31-Mar-25 31-Mar-26 31-Mar-27 31-Mar-28 31-Mar-29 31-Mar-30
Public Works Loan Board 652,000,000 794,500,000 922,000,000 1,002,000,000 1,064,500,000 1,109,500,000
Market Bonds (LOBOs) 63,200,000 63,200,000 63,200,000 43,200,000 43,200,000 43,200,000
Project Borrowing 0 0 0 0 0 0
Special Loans 2,710,569 2,710,569 2,710,569 2,710,569 2,710,569 2,710,569
Temporary Loans/Other Borrowing 2,752,542 2,500,000 2,300,000 2,200,000 2,100,000 2,000,000
Other Long Term Liabilities (PPP/PFI) 108,613,977 104,197,227 99,780,477 95,363,727 90,946,977 85,546,177
Total Gross External Debt 829,277,087 967,107,795 1,089,991,045 1,145,474,295 1,203,457,545 1,242,956,745
Short Term Investments (24,117,322) (20,000,000) (20,000,000) (20,000,000) (20,000,000) (20,000,000)
Long Term Investments 0 0 0 0 0 0
Total Net External Debt 805,159,766 947,107,796 1,069,991,046 1,125,474,296 1,183,457,546 1,222,956,746
Note:
Operational Boundary 830,000,000 968,000,000 1,090,000,000 1,146,000,000 1,204,000,000 1,243,000,000
Authorised Limit 1,280,000,000 1,300,000,000 1,300,000,000 1,300,000,000 1,300,000,000 1,300,000,000
The Operational Boundary and Authorised Limit are based on Gross External Debt.

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PERTH AND KINROSS COUNCIL
PRUDENTIAL INDICATORS - 6 MONTHS ENDING 31 MARCH 2025
APPENDIX IV
6 Principal Sums Invested Longer Than 365 Days
The Upper Limit for sums invested for over 1 year up to 3 years is £45 million. There were no amounts invested within this period as at 30 September 2024.
7 MATURITY STRUCTURE
The lower and upper limit for the proportion of the Council's total-long term debt which matures in each of  the time bandings below, and is therefore subject to refinancing at the
prevailing market rates, is as follows:
Borrowing Maturity Structure Lower Limit Upper Limit Estimated
Under 12 months 0% 35% 5.09%
over 12 months and < 24 months 0% 35% 3.27%
over 2 years and < 5 years 0% 50% 12.35%
over 5 years and < 10 years 0% 75% 5.05%
over 10 years 10% 95% 74.25%
The maurity profile for the Council's current long-term portfolio as at 31st March 2025, measured from the start of the financial year, is as follows:
Less 1 Year 1 - 2 Years 2 - 5 Years 5 - 10 Years 10 - 20 Years 20 - 30 Years 30 - 40 Years 40 - 50 Years Over 50 Years Total
PWLB 37,500,000 22,500,000 67,500,000 20,000,000 5,000,000 2,000,000 93,500,000 404,000,000 0 652,000,000
LOBOs 0 0 20,000,000 0 0 13,000,000 25,200,000 5,000,000 0 63,200,000
Other 0 0 0 0 0 0 0 0 0 0
PPP/PFI 4,416,750 4,416,750 14,234,300 21,603,200 63,171,000 771,977 0 0 0 108,613,977
Total 41,916,750 26,916,750 101,734,300 41,603,200 68,171,000 15,771,977 118,700,000 409,000,000 0 823,813,977
Percentage 5.09% 3.27% 12.35% 5.05% 8.28% 1.91% 14.41% 49.65% 0.00% 100.00%