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Guidance on the Operation of Local Authority Housing Revenue Accounts (HRAs) in Scotland

Guidance on the Operation of Local Authority Housing Revenue Accounts (HRAs) in Scotland

Monday, March 3, 2014

ISBN: 9781784123093

For the first time since Housing Revenue Accounts (HRAs) were enacted through the Housing (Scotland) Act 1987, this guidance brings together in one place, the role of the HRA, how it must operate, who the resources contained within it are meant to benefit and what the outcomes can be expected from those resources. Much of the material in the Guidance reinforces the principals of the Scottish Social Housing Charter.

Executive Summary

The Housing (Scotland) Act 1987 set out the requirements for local authorities to maintain a dedicated housing revenue account in relation to their housing stock. This Guidance summarises the legal basis for having a separate council landlord account and lists the accounting and auditing protocols which local authorities must adhere to when submitting their housing accounts to Audit Scotland.

The aim of the Guidance is to ensure that tenants of local authorities receive the maximum benefit from their rents and ultimately the best standards of service. It will assist in promoting consistency in the way in which HRAs operate in Scotland and in by promoting the efficient use of resources. It will also help ensure transparency in the operation of the account and the recording of financial information so that tenants can better understand how their housing service is delivering benefit to them and at what cost in line with the requirements of the Scottish Social Housing Charter.

A wide range of organisations and individuals have contributed to the drafting of this guidance and towards its quality assurance. Significant contributions have been made by Registered Tenant Organisations, the Chartered Institute of Public Finance and Accountancy (CIPFA) Scotland, Audit Scotland, the Convention of Scottish Local Authorities (COSLA), the Chartered Institute of Housing (CIH) and numerous local authority housing professionals who prepare housing revenue account returns.

The relevance and effectiveness of this guidance will be monitored and updates will be published as required.