This briefing paper provides an introduction and overview of the housing revenue account. It covers:
Introduction
Basic Accounting
The difference between capital and revenue expenditure
Capital Income (or Capital Receipts) and Revenue Income
Paying for Revenue and Capital Expenditure
Borrowing and Capital Financing Charges
Budget and Closedown
The difference between a Local Authority Housing Revenue Account and General Fund
Housing Revenue Account - an example
Expenditure
Operating Expenditure
Movement on the Housing Revenue Account Balance
Adjustment between accounting basis and funding basis
Self-Financing
The Housing Revenue Account Ring Fence
What is Capital Expenditure
Housing Revenue Account Capital Programme - an example
The financing of housing capital expenditure
Major Repairs Reserve
Borrowing
Capital Receipts
Revenue Contributions to Capital Outlay
Government Grants
Recent Developments
