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 30 November 2025)
£'000
Service Wide
100 Projected additional pay award costs across the Housing Revenue Account
(101) Projected slippage across HRA in excess of slippage target
Repairs & Trades
490 Projected overspend on external voids due to use of external contractors.
152 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.
102 Purchase of additional Internet Of Things Sensors for installing in tenant's homes
89 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
49 Housing Improvements - additional staff to be funded from earmarked reserves.
Housing Localities
152 Localities - additional staff to be funded from earmarked reserves..
Specialist Services
0 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.
550 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
(100) Projected additional Interest on Revenue Balances income.
(750) Projected additional income based on stock levels.
CFCR
236 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.
(290) Contribution from HRA Earmarked Reserve
(200) Net Projected Underspend to be transferred to Unearmarked Reserves
HRA Reserve Information
1,258 Opening HRA Earmarked Reserve
(290) Total contribution from HRA Earmarked Reserve.
968 Projected Closing HRA Earmarked Reserve
1,000 Opening HRA Unearmarked Reserve
200 Total contribution to HRA Unearmarked Reserve
1,200 HRA Unearmarked Reserve - 3.1%
Summary of Service Variances