Appendix 4 – Housing Revenue Account 2025/26 Projected Outturns

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APPENDIX 4
PERTH AND KINROSS COUNCIL - HOUSING REVENUE ACCOUNT 2025/26 PROJECTED OUTTURN
(Based on expenditure to 31 August 2025)
£'000
Service Wide
100 Projected additional pay award costs across the Housing Revenue Account
Repairs & Trades
600 Projected overspend on external voids due to use of external contractors.
200 Projected overspend on external repairs & maintenance due to use of external contractors and increased stock levels.
(600) Projected underspend within stores as a result of increased usage of external contractors.
(200) Projected underspend within Electrical Inspection Condition Report (EICR) contract as a result of less remedial works required.
32 Purchase of additional Internet Of Things Sensors for installing in tenant's homes
159 Housing Repairs - additional staff and fire assessments remedial work to be funded from earmarked reserves.
Improvements
(126) Projected additional Ofgem income for Renewable Heat Incentives
(11) Recharge to HEEPS ABS programme for Project Manager costs
87 Projected overspend in relation to cost of RAAC surveys and architects fees
50 Projected overspend in relation to cost of Energy performance Certificate works
69 Housing Improvements - additional staff to be funded from earmarked reserves.
Housing Localities
151 Localities - additional staff to be funded from earmarked reserves..
Specialist Services
50 Localities - additional staff and costs for downsizing scheme to be funded from earmarked reserves.
General Administration
139 Projected overspend on Void Council Tax based on 24/25 outturn.
500 Projected overspend on loan charges due to acceleration of capital programme including buy backs.
119 Projected overspend on corporate recharges based on 24/25 plus 3% due to increasing Council wide costs.
(494) Projected underspend on rent bad debt provision based on estimated rent arrears position.
157 Projected increase in insurance costs
Income
(66) Projected additional Interest on Revenue Balances income.
(650) Projected additional income based on stock levels.
CFCR
163 As a result of the projected net under spends highlighted above, this is the additional amount available to support the HRA capital
programme from the Revenue Budget.
429 Total over spend to be funded from earmarked reserve
HRA Reserve Information
1,258 Opening HRA Earmarked Reserve
429 Total proposed draw down from HRA Earmarked Reserve.
829 Projected Closing HRA Earmarked Reserve
1,000 HRA Unearmarked Reserve - 2.6% 
Summary of Service Variances