Housing for Varying Needs Review - Aberdeen City Council

NeedsHousing for Varying Needs ReviewFINANCIAL POSITIONThe various aspects contributing to the financial health at this complex are asfollows:Rental Income:Maximum potential rental income for 2011/12 is as follows:34 X one bedroom flats @ £63.00 X 48 weeks = £102,8164 X two bedroom flats @ £72.00 X 48 weeks = £ 13,824= £116,640Void Rent Loss:Annual void rent loss at this complex is £1,400 (1.3%).Housing Support:Four tenants do not pay this charge due to the start date of their tenancy, fivetenants are protected from the charge due to their housing benefit status andtwenty three tenants have been financially assessed for the charge.Information received from Social Care and Wellbeing indicates that thehousing support costs at Aberdeen Court for 2011/12 are £23,000.Cleaning:A domestic assistant is employed at any complex for two hours each day atan annual cost of £5,000.Heat with Rent Income:34 X £8.35 X 48 weeks = £13,6274 X £8.95 X 48 weeks = £ 1,718£15,345Information provided by the senior accountant indicates the cost of electricityat the Aberdeen Court for 2011/12 is estimated at £16,699.29