Summary of Accounts 2008/09
The Council's Statement of Accounts has been prepared in accordance with the Accounting Code of Practice. The figures in this summary were originally compiled having regard to proper accounting practice. For the purposes of this statement some modifications were made to provide more meaningful information.
The Council's 2008/09 accounts have been audited by an auditor appointed by Audit Scotland. The auditor has issued an unqualified opinion on the Council's full accounts for 2008/09.
A full copy of the Council's 2008/09 audited accounts is available to download from this page. You can also contact us using the details below to obtain a copy.
Summary of Financial Performance
The following statement by the Head of Finance describes some of the key points from the Council's stewardship of public funds.
General Fund
During the year we spent £107,314 million on Council services. This was funded by income from government grants and council tax of £108.074 million, leaving a surplus for the year of £0.760 million. This compares with a budgeted deficit of £0.326 million. The Council's general reserve at the end of the year stands at £5.531 million.
However £4.529 million is earmarked for specific purposes, including £1.255 million set aside to implement new single status pay structure for employees, and £1.524 million to support operational costs of our three new secondary schools.
After accounting for the earmarked amounts, £1.002 million is generally available for new expenditure.
Council Housing
The Council owns 5,026 dwelling houses for which it charges rent. It is a legislative requirement that all expenditure incurred in respect of these houses is funded from the rental income generated. Any resulting surplus or deficit is either transferred into or out of the housing reserve. The budget was set to realise a surplus of £0.145 million. The actual surplus achieved was £0.774 million. Savings on capital financing costs and a reduction in void rent loss and bad debts account for this favourable position.
A contribution from reserves of £2.078 million was made during the year to support investment in the housing stock to reach the required Scottish Housing Quality Standard by 2015. After accounting for this contribution and adding the surplus in the year, the Housing reserve at the end of the year stands at £6.052 million.
Capital Expenditure
Capital investment is money we spend on buying, building and improving assets such as land, buildings, roads, machinery and vehicles.
The distinction from revenue expenditure is that the Council essentially receives the benefit from capital expenditure over a longer period of time.
The Council spent £17.3 million during the year on its capital programme. A summary of the main elements of expenditure is shown on our page entitled Cost of Council Services - Service Income and Expenditure.
Sale of assets and grant income totalled £4.7 million and a contribution from revenue reserves of £2.1 million was allocated. This left £10.5 million of expenditure to be funded from borrowing.
Publications & documents
Page tools
Contact information
For further information about this page please contact:
Corporate Development Service
Greenfield House, Tullibody Road, Alloa, FK10 2AD
Tel: 01259 450000 Fax: 01259 452230
Email: corporatedevelopment@clacks.gov.uk
Or use the on-line contact form
