Appendix 4 – Housing Revenue Account 2023/24 Projected Outturn

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APPENDIX 4
PERTH & KINROSS COUNCIL - HOUSING REVENUE ACCOUNT 2023/24 PROJECTED OUTTURN
(Based on expenditure to 31 November 2023)
£'000
0 Housing Repairs
Projected under spend on staff costs (£60,000) and supplies & services (£8,000), partially offset by additional property costs (£14,000),
transport hire (£34,000) and internet of things (£20,000).
68 Improvements
Additional costs in relation to retrofit strategy (£78,000) partially offset by projected under spend on staff costs (£10,000).
304 Letham, North & South
Projected over spends on IT costs (£90,000); staff costs (£118,000), decant costs in relation to burst pipes (£44,000); garden
maintenance (£31,000); costs of uplifts, cleans & grass cuts (£44,000); cleaning (£5,000) and other non-staff related budgets (£5,000). 
These are partially offset by a projected under spend on sheriff officer fees (and related income) (£20,000) and transport costs
(£13,000).
49 Perth City and Specialist
Projected over spends on decant costs / disturbance payments relating to burst pipes (£42,000), staff costs(£7,000) and energy
(£6,000), partially offset by projected under spends on additional income from the Common Housing Register (£18,000). 
20 Housing Management
Projected over spend on staff costs.
(356) Administration
Projected under spend on bad debt provision based on latest assessment of arrears (£300,000), an increased net income from
recharges to and from the Housing Revenue Account (£30,000) and under spends on property costs (£26,000).
102 Income
Projected shortfall in mainstream rental income due to less properties than anticipated when budget was set (£344,000) and reduced
income for commercial rent (£30,000).  These are partly offset by projected increased income for Interest on Revenue Balances
(£256,000) and additional income for garages and lock-ups (£16,000).
(187) 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