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You are here: Home > Your Council > Council Spending > 2005/06 Budget > Summary Statement of Accounts (05/06)

Summary Statement of Accounts

This document sets out the un-audited Summary Accounts of the Authority for 2005/06. 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 1st April 2005 and 31st March 2006, 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
509.5
150.0
359.5
Social Services
178.2
58.4
119.8
Highways, Roads & Transportation
52.8
8.4
44.4
Cultural, Environmental & Planning Services
59.2
15.0
44.2
Corporate and Democratic Core
12.7
6.0
6.7
Other services
3.5
0.7
2.8
Net cost of services
815.9
238.5
577.4
Less:      
Net Internal charge for use of County assets    
14.3
Interest and Investment Income    
5.2
Accounting adjustments    
11.4
Amount to be met from Government grants and local taxation    
546.5
Financed by:       
Council Tax    
191.6
Government General Grant    
167.0
Business Rates    
188.5
Total    
547.1
Net County Fund Surplus for the year    
0.6
 
Chart showing sources of Income
Chart showing Expenditure
 

What the Council owns and is owed as at 31st March 2006

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 £7.4m
 
Balance Sheet
Million
Land and buildings
779.2
Stock and work in progress
4.5
Cash in bank
107.0
Money owed to the Council
 
Short term
48.3
Long term
99.1
Money owed by the Council
 
Short term
(94.7)
Long term
(12.9)
 
930.5
Financed by:
 
Non cash reserves
505.2
Long term borrowing
361.7
Cash reserves:  
Schools
20.6
Underspending carry forwards
6.4
General revenue reserve
7.4
Earmarked revenue reserves
19.0
Capital reserves
10.2
 
930.5
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
  

further information

Contact: Judith Spence
Telephone: 0116 305 5998
E-mail: finance@leics.gov.uk
Last Updated:
29 November 2007
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