Appendix 4 - Housing Revenue Account 2022/23 Projected Outturn

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APPENDIX 4
PERTH & KINROSS COUNCIL - HOUSING REVENUE ACCOUNT 2022/23 PROJECTED OUTTURN
(Based on expenditure to 31 January 2023)
£'000
324 Housing Repairs
A projected over spend within stores (£200,000) as a result of the increased cost of materials, agreed increase in costs for Internet of
Things (IOT) project due to increased demand (£20,000), projected increase in costs for diesel (£29,000), increased costs for gas and
electric (£37,000), transport hire costs (£38,000) plus increased costs for waste disposal (£41,000).  These projected over spends are
partially offset by staff slippage (£41,000).
(189) Improvements
Projected under spend on staff costs (£100,000) and additional income from OFGEM (£95,000) partially offset by other minor over
spends (£6,000).
16 Letham, North & South
Projected over spends on staff costs (£43,000), decant costs due to burst pipes (£20,000) and non-staff budgets (£14,000).  These
pare partially offset by projected under spends on transport costs (£20,000) and Sheriff Officers fees and related income (£41,000).
102 Perth City and Specialist
Projected net over spends on electricity and gas costs within Sheltered Housing (£80,000), decant costs due to burst pipes (£33,000),
non-staff budgets (£8,000) and cleaning costs (£10,000) partially offset by additional staff slippage (£5,000) and  additional housing
register income (£24,000).
26 Housing Management
Projected over spend on staff costs, including the Apprenticeship Levy (£17,000) and other non staff budgets (£9,000).
(215) Administration
Projected under spend on bad debt provision (£350,000), lower corporate recharges compared to budget (£103,000), reduced
recharges from the General Fund (£58,000) and under spends in non-staff budgets (£22,000).  These are partially offset by projected
over spends on void rent loss based on similar trend to last year (£162,000), void rates / Council Tax / utilities (£106,000), bad debt
provision (£37,000) and recharges (£13,000). 
2 Income
Projected shortfall in income from commercial rents (£17,000) and mainstream housing (£104,000) which is partially offset by
increases in interest on revenue balances (£100,000). 
(66) 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.
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Summary of Service Variances