Appendix IV – Monitoring of Prudential Indicators - Period ending 30 September 2025

Perth and Kinross Council · 26 November 2025
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PERTH AND KINROSS COUNCIL
PRUDENTIAL INDICATORS - 6 MONTHS ENDING 30 SEPTEMBER 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.
2025/26 2026/27 2027/28 2028/29 2029/30 2030/31
Prudential Limit - General Fund 15.00% 15.00% 15.00% 15.00% 15.00% 15.00%
Estimated Ratio of Financing Costs to Revenue 8.20% 8.58% 9.10% 9.44% 9.64% 9.84%
Prudential Limit - HRA 30.00% 30.00% 30.00% 30.00% 30.00% 30.00%
Estimated Ratio of Financing Costs to Revenue 23.78% 26.04% 27.25% 27.51% 27.49% 27.47%
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:
Actual as at Projected Projected Projected Projected Projected Projected
30-Sep-25 31-Mar-26 31-Mar-27 31-Mar-28 31-Mar-29 31-Mar-30 31-Mar-31
Net External Borrowing* 839,940,000 927,012,000 1,021,711,000 1,101,210,000 1,163,310,000 1,212,909,000 1,272,208,000
Gross External Borrowing* 858,486,000 942,012,000 1,036,711,000 1,116,210,000 1,178,310,000 1,227,909,000 1,287,208,000
Capital Financing Requirement 953,483,000 1,032,783,000 1,107,457,000 1,167,844,000 1,208,887,000 1,249,900,000 1,308,929,000
*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 2025/26 2026/27 2027/28 2028/29 2029/30 2030/31
Current estimate 137,280,000 113,546,000 87,406,000 71,099,000 70,187,000 80,529,000
Original Budget Estimate 147,463,000 131,218,000 90,468,000 65,909,000 48,527,000 44,716,000
Movement in Estimated Capital Expenditure (10,183,000) (17,672,000) (3,062,000) 5,190,000 21,660,000 35,813,000
The Original Budget Estimates are those per the Capital Monitoring Report on 30 April 2025, and incorporating 2030/31 approved expenditure from 26 February 2025
The latest estimates for Capital Expenditure are based on the F&R Capital Monitoring Report No 2 on 26 November 2025.
HRA Programme 2025/26 2026/27 2027/28 2028/29 2029/30 2030/31
Current estimate 42,138,000 17,000,000 13,776,000 8,015,000 8,098,000 20,000,000
Original Budget Estimate 28,098,000 14,411,000 14,265,000 12,076,000 20,044,000 20,000,000
Movement in Estimated Capital Expenditure 14,040,000 2,589,000 (489,000) (4,061,000) (11,946,000) 0
The Original Budget Estimates are those per the Capital Monitoring report on 30 April 2025, and incorproating 2029/30 approved expenditure on 27 January 2025, and an estimate for 2030/31.
The latest estimates for Capital Expenditure are based on the F&R Capital Monitoring Report No 2 on 26 November 2025.

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PERTH AND KINROSS COUNCIL
PRUDENTIAL INDICATORS - 6 MONTHS ENDING 30 SEPTEMBER 2025
APPENDIX IV
4 Estimate of Capital Financing Requirement
The estimate (as at October 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 2025/26 2026/27 2027/28 2028/29 2029/30 2030/31
Current Estimated Capital Financing Requirement 118,538,000 85,321,000 63,093,000 51,468,000 51,762,000 58,815,000
Original Budget Estimate 132,216,000 103,393,000 67,055,000 48,178,000 30,302,000 26,966,000
Movement in Estimated Capital Financing Requirement (13,678,000) (18,072,000) (3,962,000) 3,290,000 21,460,000 31,849,000
The Original Budget Estimates are those per the Capital Monitoring Report on 30 April 2025, and incorporating 2030/31 approved expenditure from 26 February 2025
The latest estimates for Capital Expenditure are based on the F&R Capital Monitoring Report No 2 on 26 November 2025.
HRA Programme 2025/26 2026/27 2027/28 2028/29 2029/30 2030/31
Current Estimated Capital Financing Requirement 40,454,000 15,454,000 12,163,000 6,002,000 5,713,000 17,500,000
Original Budget Estimate 26,615,000 12,865,000 12,652,000 10,063,000 17,659,000 17,500,000
Movement in Estimated Capital Financing Requirement 13,839,000 2,589,000 (489,000) (4,061,000) (11,946,000) 0
The Original Budget Estimates are those per the Capital Monitoring report on 30 April 2025, and incorproating 2029/30 approved expenditure on 27 January 2025, and an estimate for 2030/31.
The latest estimates for Capital Expenditure are based on the F&R Capital Monitoring Report No 2 on 26 November 2025.
5 External Debt (Gross and Net)
As at Projected Projected Projected Projected Projected Projected
External Borrowing 30-Sep-25 31-Mar-26 31-Mar-27 31-Mar-28 31-Mar-29 31-Mar-30 31-Mar-31
Public Works Loan Board 635,750,000 777,500,000 885,000,000 990,000,000 1,057,500,000 1,112,500,000 1,177,500,000
Market Bonds (LOBOs) 53,200,000 53,200,000 53,200,000 33,200,000 33,200,000 33,200,000 33,200,000
Project Borrowing 0 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 2,710,569
Temporary Loans/Other Borrowing 64,433,157 10,000,000 2,600,000 2,500,000 2,500,000 2,500,000 2,500,000
Other Long Term Liabilities (PPP/PFI) 102,391,816 98,601,472 93,200,672 87,799,872 82,399,072 76,998,272 71,297,472
Total Gross External Debt 858,485,542 942,012,041 1,036,711,241 1,116,210,441 1,178,309,641 1,227,908,841 1,287,208,041
Short Term Investments (18,545,962) (15,000,000) (15,000,000) (15,000,000) (15,000,000) (15,000,000) (15,000,000)
Long Term Investments 0 0 0 0 0 0 0
Total Net External Debt 839,939,580 927,012,041 1,021,711,241 1,101,210,441 1,163,309,641 1,212,908,841 1,272,208,041
Note:
Operational Boundary 859,000,000 943,000,000 1,037,000,000 1,117,000,000 1,179,000,000 1,228,000,000 1,288,000,000
Authorised Limit 1,300,000,000 1,300,000,000 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 30 SEPTEMBER 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 2025.
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% 3.16%
over 12 months and < 24 months 0% 35% 3.53%
over 2 years and < 5 years 0% 50% 13.10%
over 5 years and < 10 years 0% 75% 5.41%
over 10 years 10% 95% 74.80%
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 21,250,000 22,500,000 67,500,000 20,000,000 5,000,000 2,000,000 93,500,000 404,000,000 0 635,750,000
LOBOs 0 0 20,000,000 0 0 8,000,000 25,200,000 0 0 53,200,000
Other 0 0 0 0 0 0 0 0 0 0
PPP/PFI 3,790,344 5,400,800 16,202,400 22,803,200 54,195,072 0 0 0 0 102,391,816
Total 25,040,344 27,900,800 103,702,400 42,803,200 59,195,072 10,000,000 118,700,000 404,000,000 0 791,341,816
Percentage 3.16% 3.53% 13.10% 5.41% 7.48% 1.26% 15.00% 51.05% 0.00% 100.00%