Summary Statement of Accounts

This document sets out the un-audited Summary Accounts of the Authority for 2004/05. 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.

Summary of accounts consultation

The Cost of Council Services 2004/05

The Revenue Account below presents the cost of running Council Services between 1st April 2004 and 31st March 2005, and where the money came from to finance those costs.

Net Expenditure by Service	Million
Education	320.3
Social Services	111.3
Highways, Roads & Transportation	43.2
Cultural, Environmental & Planning Services	42.8
Corporate and Democratic Core	6.1
Other services including Magistrates Courts	3.4
Net cost of services	527.1
Less:
Net Internal charge for use of County assets	13.5
Interest and Investment Income	3.5
Accounting adjustments	4.0
Amount to be met from Government grants and local taxation	506.1
Financed by:
Council Tax	185.0
Government General Grant	172.1
Business Rates	155.2
Total	512.3
Net County Fund Surplus for the year	6.2

What the Council owns and is owed as at 31st March 2005

The Council has to maintain a prudent level of General Reserves, which equates to between £5.5m and £7.5m. This is reviewed in the light of the overall financial environment. The balance is currently £6.3m.

Balance Sheet	Million
Land and buildings	712.7
Stock and work in progress	0.7
Cash in bank	5.6
Money owed to the Council
Short term	141.2
Long term	50.2
Money owed by the Council
Short term	(90.1)
Long term	(11.0)
	809.3
Financed by:
Non cash reserves	469.1
Long term borrowing	280.1
Cash reserves
Schools	21.0
Underspending carry forwards	6.5
General revenue reserve	6.3
Earmarked revenue reserves	12.1
Capital reserves	14.2
	809.3

Summary of accounts consultation

We would welcome your views on the format, content and usefulness of the Summary of Accounts. What you say will help us improve the way in which we communicate financial information in the future.

Download the Summary Statement of Accounts in pdf format.

If you would like the information in another version e.g. large print, Braille, tape or an alternative language please telephone 0116 305 6199, or email ctambini@leics.gov.uk

Summary Statement of Accounts

The Cost of Council Services 2004/05

What the Council owns and is owed as at 31st March 2005

Summary of accounts consultation

further information