Statement of Accounts

All Councils have to publish an annual Statement of Accounts by 30th June each year. The accounts show how money has been spent in the previous financial year and also gives details of the Council's assets and liabilities.

When the Accounts are finalised and have been approved by the Council, they are advertised to enable the public to examine them. During the inspection period, people may look at the accounts and ask questions about them or challenge them.

Download:

• Statement of Accounts 2007/08 - Full Version (PDF, 3mb)
• Statement of Accounts 2006/07 - Full Version (PDF, 654kb)
• Statement of Accounts 2006/07 - Summarised Version (PDF, 209kb)
• Statement of Accounts 2005/06 - Full Version (PDF, 259kb)
• Statement of Accounts 2005/06 - Summarised Version (PDF, 213kb)
• Statement of Accounts 2004/05 - Full Version (PDF, 216kb)
• Statement of Accounts 2004/05 - Summarised Version (PDF, 6mb)

The Statement of Accounts include the following:

The Core Financial Statements:

• Income and Expenditure Account - shows a summary of the resources generated and consumed by the Council in the year.
• Statement of the Movement on the General Fund Balance (SMGFB) - gives a reconciliation showing how the balance of resources generated or consumed in the year (i.e. from the Income and Expenditure Account) links in with statutory requirements for raising Council Tax.
• Statement of Total Recognised Gains and Losses (STRGL) - demonstrates how the movement in the net worth in the Balance Sheet is identified in the Income and Expenditure Account Surplus/Deficit and in other unrealised gains and losses.
• Balance Sheet - which sets out the financial position at the year-end, showing its balances, resources and long-term indebtedness, the fixed and net current assets employed in its operations, together with summarised information on the fixed assets held.
• Cash Flow Statement - which summarises all inflows and outflows of cash arising from transactions with third parties for revenue and capital purposes.

The Housing Revenue Account - Income and Expenditure Account - this provides a separate analysis of income and expenditure on Council Housing.

The Collection Fund which shows the collection and disbursement of the council tax and non domestic rates.

The accounts are also supported by a number of notes to the accounts and provide additional information to that provided in the core statements themselves.

For further information about the accounts please contact the Financial Services Manager using the details below.


Useful contacts:

Karen Sly - Financial Services Manager
Tel.: 01263 516243
email: karen.sly@north-norfolk.gov.uk