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Organisation—net recurrent operational expenditure, total Australian currency N[N(9)]

Identifying and definitional attributes

Metadata item type:Help on this termData Element
Short name:Help on this termNet recurrent operational expenditure
Synonymous names:Help on this termNet recurrent operational costs
METeOR identifier:Help on this term494428
Registration status:Help on this termHousing assistance, Standard 01/05/2013
Definition:Help on this term

The net recurrent operational cost that an organisation incurs maintaining housing stock, including expenses related to repair and maintenance, rates, cost of disposals, market rent paid, and interest expense, expressed in dollars.

Data Element Concept:Organisation—net recurrent operational housing expenditure

Value domain attributes

Representational attributes

Representation class:Help on this termTotal
Data type:Help on this termCurrency
Format:Help on this termN[N(9)]
Maximum character length:Help on this term10
Unit of measure:Help on this termAustralian currency (AU$)

Data element attributes

Collection and usage attributes

Guide for use:Help on this term

Operational costs include:

1. Repairs and maintenance: costs incurred which restore an asset to its original condition, including:

  • day-to-day maintenance, reflecting general wear and tear
  • cyclical maintenance, which is maintenance performed as part of a planned maintenance program
  • other maintenance e.g. repairs due to vandalism (Coopers and Lybrand 1995).

2. Rates: e.g. water, shire.

3. Cost of disposals: such as the cost of removal of housing stock, including:

  • costs incurred in the sale of stock to private agencies or persons, such as agent and legal fees
  • removal of stock to an alternative program
  • demolition costs in order to sell the land.

4. Market rent paid: such as from headleasing properties.

5. Interest expense: e.g. interest on loans.

Collection methods:Help on this term

Operational costs are typically measured for a financial year (1 July to 30 June the following year).

Relational attributes

Related metadata references:Help on this term

Supersedes Housing assistance agency—recurrent expenditure (operational costs), total Australian currency N[N(9)] Housing assistance, Retired 01/05/2013

Implementation in Data Set Specifications:Help on this term

Administrator net recurrent cost cluster Housing assistance, Standard 01/05/2013

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