Statement of Accounts and Annual Audit

I am pleased to introduce the Council's Statement of Accounts for 2015-16. These statements summarise the financial performance of the Council during 2015-16 showing expenditure on all services during the year and the financial position at 31st March 2016 and incorporates all the statements and disclosure notes required by statute.

The Council incurs revenue and capital expenditure during the course of any financial year in the delivery of services. All expenditure must be charged against a revenue account of the Authority unless it can be classified as capital-type expenditure. Generally speaking, revenue expenditure relates to items consumed within the year whereas capital expenditure creates an asset which has a useful life beyond one year. Revenue expenditure is largely financed from government grants, non-domestic rates, council taxes, fees and charges and interest income. Capital spending is financed mainly from capital receipts, government grants, revenue contributions and long-term borrowing.

The Council's accounts for the financial year 2015-16 are set out in full in the document below. The prior year's accounts are also linked below for comparison.

Paul Sutton
Chief Finance Officer

2015-16:

Prior years:

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Finance
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