Summary of accounts 2008-09
During 2008/09 we faced significant challenges in keeping
spending within the budget set.
Despite these pressures, our robust
budget management procedures and timely action helped to keep
spending within budget.
At the year end our spending
was in line with our approved budget. Although we
have to live within the funds given by central government we
try to continually improve so local people get value for
money.
We will carry on spending on our
priority areas as set out in our Community Plan (Pride of Place)
and Corporate Plan (Aiming High).
What we did last year...
- Educated 32,643 children in our schools.
- Protected 406 children from harm and supported a
further 2,020 children in need.
- Helped 2,671 vulnerable older people remain in their own
homes and 1,071 cared for in residential and nursing homes.
- Maintained 422 miles (679km) of road.
- Loaned out 1,034,570 library books and 31,681 CDs last
year.
- Dealt with 52,570.58 tonnes of domestic waste.
- Protected 1,648 consumers and 4,682 businesses.
- Maintained over 26,000 street lights.
- Subsidised 30 bus routes.
- Provided an average of 13,955 properties for rent to
Council Tennants.
What we spent...
| |
Gross Expenditure 2008/09
£m |
| Children's and Education Services |
258 |
| Adult Social Care |
67 |
| Cultural, Environment and Planning Services |
59 |
| Highways |
26 |
| Corporate Services |
44 |
| Private Sector Housing |
84 |
| Council Housing |
49 |
| Financing Costs |
13 |
| Contribution to and from reserves and balances |
(26) |
| Total Spend |
574
|
This was paid for by...
| |
£m |
| Specific Grants and Other Income |
244 |
| Dedicated Schools Grant |
135 |
| General Government Grants |
31 |
| Council Taxpayers |
74 |
| Business Rates |
90 |
| Total |
574 |
Capital Investment
We also spent money on improving our assets...
| |
2008/09 £m |
| Business Partnerships |
20.1 |
| Housing Strategy |
10.2 |
| Housing Revenue |
12.4 |
| Schools |
17.9 |
| Regeneration |
5.1 |
| Adult Care |
0.9 |
| Learners & Young People |
2.4 |
| Environmental Management |
3.8 |
| Information & Libraries |
0.7 |
| Performance & Development |
1.0 |
| Highways & Engineering |
5.2 |
| Other |
0.5 |
| Total capital spend |
80.2 |
Paid for by...
| |
£m |
| External Borrowing |
20.7 |
| Government Grants |
31.9 |
| Income from sale of assets |
4.5 |
| Contributions from Revenue |
0.9 |
| Major Repairs Reserve |
9.0 |
| Land Exchange |
13.2 |
| Total capital financing |
80.2 |
Summarised Balance Sheet as at 31/3/09
| |
£m |
| Capital Assets |
1,045 |
| Cash in bank and investments |
71 |
| Money owed to Council Group |
89 |
| Money owed by Council Group |
(75) |
| Long-Term Borrowing |
(353) |
| Pensions and other Liabilities |
(254) |
| Total Assets Less Liabilities |
523 |
Reserves & Balances
| |
£m |
| Accounting Reserves |
465 |
| Earmarked Reserves |
35 |
| General Balances |
23 |
| Total Reserves & Balances |
523 |
Earmarked Reserves
The Council Group earmarked reserves are as follows;
| |
£m |
| Schools |
9.9 |
| Investments |
5.7 |
| Insurance |
16.5 |
| Other Reserves |
2.5 |
| Total Reserves |
34.6 |
General Balances
We had £22.7 million in Revenue Balances at 31 March 2000.
This consisted of £13m on the Council's General Fund, £9.6m on the
Housing Revenue Account (Council Housing), (£1.5m) on the
Collection Fund (Council Tax and Business Rates) and £1.6m on RBH's
balances. £8.1m of the General Fund balance is committed for
use in 2009/10.