Item 08 Appendix 4
West Dunbartonshire Council · 1 March 2023
Back to West Dunbartonshire Council — 1 March 2023 and its agenda
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WEST DUNBARTONSHIRE COUNCIL APPENDIX 4 DRAFT HRA ESTIMATES 2023/24 2022/23 Outturn EXPENDITURE 2022/23 Estimate 2020/23 P9 Probable Outturn 2023/24 Estimate Movement year on year Comments on Movement >£50,000 £000 £000 £000 £000 £000 6,068 Employee Costs 6,690 6,932 7,669 979 Provision for anticipated employee pay award, increments and additional staff requirements . 1,800 Property Costs 2,030 1,909 2,375 345 Utilities increase to reflect rising prices , remaining increase is due to general inflation on rents and insurance 121 Transport Costs 112 139 142 31 358 Supplies, Services and Admin 395 330 389 (7) 2,485 Support Services 2,724 2,613 2,720 (4) 715 Other Expenditure 532 754 534 2 12,581 Repairs & Maintenance 12,942 13,784 16,257 3,315 Additional budgets required for EICR £1.8M and solar panel maintenance £0.2m. The £0.4M one year reduction in 22/23 Tenant Priority Budget has been re- instated. The remaining increase is the impact of inflation/pay award on the cost of repairs 1,048 Bad Debt Provision 971 840 879 (92) Reduced to reflect expected requirement 1,717 Void Loss (Council Tax/Lost Rents) 946 2,285 1,448 502 Increased to reflect higher void numbers. The budget is based on the expectation that during 2023/24 the numbers of voids will reduce during the year from the current high levels 13,175 CFCR 7,501 5,386 1,298 (6,203) Reduced in line with increased revenue spend. The CFCR depends on excess of income over spend projection in year 10,520 Loan Charges 12,175 12,309 15,476 3,301 Increased cost of borrowing in line with interest rate rises 50,589 Total Expenditure 47,018 47,280 49,186 2,169 44,223 House Rents 45,215 45,388 47,274 2,059 4% rent increase plus additional income from newly tenanted new builds 206 Lockup Rents 210 206 214 5 1,268 Factoring/Insurance Charges 1,316 1,302 1,434 118 Annual fee increase applied 117 Other rents 115 116 117 2 7 Interest on Revenue Balance 55 30 30 (25) 4,842 Miscellaneous Income 107 237 117 9 50,664 Total Income 47,018 47,280 49,186 2,169 (76) Net Expenditure 0 0 0 0