Summary of Accounts 2006/07
Head of Finance's Statement
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 2006/07 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 2006/07.
A full copy of the Council's 2006/07 audited accounts is available to download from this site. Please telephone 01259 452041 to obtain a printed 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 £89.56 million on Council services. This was almost entirely covered by income from government grants and council tax, leaving a small deficit of only £123,000. This compares with a budgeted deficit of £69,000.
The Council's general reserve at the end of the year stands at £3.758 million. However £2.807 million is earmarked for specific purposes, including funds devolved to schools, leaving only £951,000 generally available for new expenditure.
Council Housing
The Council owns 5,148 dwelling houses for which it charges rent. It is a legislative requirement that all expenditure for 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 £397,000. The actual surplus achieved was £347,000.
The housing reserve balance was £6.417 million at 31 March 2007. This is earmarked to fund investment in the housing stock to reach the required housing quality standard.
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 capitalexpenditure over a longer period of time. The Council spent £22.4 million during the year on its capital programme. A summary of the main elements of expenditure is shown over the page.
Publications & documents
See also
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.