At 31 March 2010, the council owned 5,216 dwellings available for council house tenants. The income and expenditure relating to our responsibilities as landlord has, by law, to be recorded separately in a Housing Revenue Account, which is summarised below.
| Housing Revenue Account | | 2009/2010
£'000 |
| Rents and service charges | | (22,950) |
| Government grants | | (244) |
| Total Income | | (23,194) |
| Expenditure | | |
| Supervision and Management | | 5,236 |
| Repairs and maintenance | | 3,483 |
| Subsidy paid to government | | 9,480 |
| Write down of asset values | | 23,033 |
| Other | | 288 |
| Total Expenditure | | 41,520 |
| Net cost of Services per Statutory Accounts | | 18,326 |
| Net Interest Payable | | 54 |
| Adjustments for difference between accounting requirements and the legislation for charging to tenants | | |
| Assets charges (depreciation, impairments etc) | (18,790) | |
| Pension accounting entries | 359 | (18,431) |
| Decrease in the HRA Balance | | (51) |
| Surplus brought forward | | (1,163) |
| Surplus carried forward | | (1,214) |
The adjustment of £18.4 million relates to differences in accounting treatment of certain items between that required by accounting practice and that required by law. This includes the treatment of depreciation (write down of assets) and the treatment of pension costs. The adjustment ensures that depreciation, variations in property values and other accounting adjustments are not charged to Council Tenants. (The statement above has included some netting off of figures for simplification).