The purpose of this briefing paper is to examine some of the accounting issues that have arisen following the introduction of self-financing to housing revenue accounts in England.
It includes sections on:
On management of debt the Government and Chartered Institute of Public Finance & Accountancy proposed that local authorities operate two loans pools – one for the General Fund and one for the Housing Revenue Account. They have outlined how opening debt should be divided between these two pools before self-financing was introduced.
The treatment of depreciation is important as the major repairs allowance has been abolished with self-financing and the depreciation charge will become the sum that is transferred to the major repairs reserve to fund major repairs. Depreciation will therefore become a real cost in the housing revenue account.
To download your free copy please click HERE
AWICS is a Management Consultancy and Training Business that specialises in providing support to those who provide public services.
Our mission statement is: 'Independence, Integrity, Value...'
We have been adding value to clients' businesses and services since 1998.
To contact AWICS please:
Email: enquiries@awics.co.uk
Telephone 017683 30159 or
Visit our contact page by clicking HERE