What we own and what we are owed:
The detail for each line in the summary accounts below can be read on the Balance Sheet page in the
full version of the Statement of Accounts 2010-2011 (PDF: 1.79Mb / 93 pages)
| |
£'000 |
| Building, Land and Assets Owned by the Council*** |
36,040 |
| Inventories (Stocks) |
18 |
| Cash in Bank |
1,300 |
| Money Owed to the Council |
2,714 |
| Money Owed by the Council |
-2,383 |
| Short Term Investments |
7,800 |
| Deferred Liabilities |
-5,995 |
| |
39,494 |
| Represented By: |
|
| Usable Reserves |
9,571 |
| Non-Usable Reserves |
29,923 |
| |
39,494 |
***During 2010-11, the Council spent £1,372,000 on capital projects, against an original estimate of £3,160,000 (revised estimate £2,250,000). The bulk of this expenditure was on Renovation Grants (£582,000); Bluebell Lane Car Park (£90,000); Recycling Initiatives (£75,000); Penrith New Squares (£60,000); Penrith Museum (£84,000); Play Area Upgrades (£165,000); Frenchfield Football Stadium (£53,000). Outturn differed from the revised estimate due to slippages totalling £880,000 on a variety of grant funded schemes. Any unused funding was rolled forward to 2011-12.
The Council has powers to borrow money for capital purposes under Section 1 of the Local Government Act 2003. Borrowing of £550,000 was undertaken in 2009-10 to fund capital spending over a period of 10 years. At 31 March 2011, £468,000 was outstanding on this loan. The Council's policy is no further borrowing will be undertaken unless a Council resolution is made authorising further borrowing. The position is regularly reviewed.
For Further Information
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Contact: Financial Services Manager
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Address: Eden District Council, Town Hall, Penrith, Cumbria, CA11 7QF
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Telephone: 01768 817817
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Email: finman@eden.gov.uk
