The annual accounts that a local authority has to prepare have grown increasingly complex over recent years. This is largely because of the requirements of the Government and more stringent accounting standards. Understanding them can be difficult for trained accountants, let alone the interested lay man. Therefore, we have produced a much summarised version of the accounts for the last three years:
The Cost of Funding Eden's Services' Revenue Account 2009-2010
| Income and Expenditure 2009-2010 |
Net Expenditure 2009-2010 |
|
Expenditure on Services |
£'000 |
| Central Services to the Public |
497 |
| Cultural, Environmental and Planning Services |
8,898 |
| Highways, Roads and Transport Services |
179 |
| Housing Services |
900 |
| Corporate and Democratic Core Costs |
2,190 |
|
Net Cost of Services |
12,664 |
| Add: |
|
| Parish Precepts |
388 |
| Interest Received |
-268 |
| Accounting Adjustments* |
-4,734 |
|
Amount to be Met from Government Grants and Local Taxation |
8,050 |
| Financed By: |
|
| Central Government Funding |
-4,630 |
| Council Tax |
-3,862 |
|
Total |
-8,492 |
|
Net Surplus for the Year |
-442 |
*As required by the Government, notional charges are added to services to reflect the full cost of asset usage. This adjustment ensures that there is no impact on Council Tax.
