Summary Statement of Accounts 2006/07

This document sets out the un-audited Summary Accounts of the Authority for 2006/07. The summary Accounts have been produced in line with various regulations that govern local authority accounting. They show a simplified version of the un-audited accounts which are easier to understand.

The Cost of Council Services

The Revenue Account below presents the cost of running Council Services between 1^st April 2006 and 31^st March 2007, and where the money came from to finance those costs.

	Gross Expenditure	Sales, Fees & Charges and Specific Grants	Net Expenditure
	Million (£)	Million (£)	Million (£)
Net Expenditure by Service
Education	500.1	441.1	59.0
Social Services	190.3	62.6	127.7
Highways, Roads & Transport	51.1	13.9	37.2
Cultural, Environmental & Planning Services	63.0	16.9	46.1
Corporate and Democratic Core	10.6	4.3	6.3
Other Services	5.7	0.8	4.9
Net Cost of Services	820.8	539.6	281.2
Plus:
Interest Payable			19.8
Less:
Interest and Investment Income			7.0
Accounting Adjustments			8.8
Amount to be met from Government Grants and Local Taxation			285.2
Financed by:
Council Tax			201.8
Government General Grant			15.1
Business Rates			66.4
Total
Net County Fund Deficit for the year			1.9

What the Council owns and is owed as at 31^st March 2007.

Balance Sheet	Million (£)
Land and Buildings	844.7
Stock and Work in Progress	4.9
Investments	76.6
Money owed to the Council:
Short Term	42.3
Long Term	132.4
Money owed by the Council:
Short Term	(96.2)
Long Term	(82.6)
	922.1
Financed by:
None Cash Reserves	489.5
Long Term Borrowing	361.1
Cash reserves:
Schools	19.8
Under Spending carry forwards	4.4
General Revenue Reserves	8.5
Earmarked Revenue Reserve	36.6
Capital Reserves	2.2
	922.1

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Summary Statement of Accounts 2006/07

The Cost of Council Services

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