Statement of accounts

In accordance with the Local Government Finance Act 1982 and The Accounts and Audit (Wales) Regulations 2005 the council has published the Statement of Accounts 2011/12. This document shows local people and others what services the council has spent money on during the year, how these have been funded and the financial position at the end of financial year, 31 March 2012.

Adobe logo Statement of Accounts for the year ended 31 March 2012 (PDF 1.12mb)

The document comprises the following core financial statements and related notes:

The Movement in Reserves Statement
This statement shows the movement in the year on the different reserves held by the Authority, analysed into 'usable reserves', those that can be applied to fund expenditure or reduce local taxation and unusable reserves. The Surplus or (Deficit) on the Provision of Services line shows the true economic cost of providing the authority's services, more details of which are shown in the Comprehensive Income and Expenditure Statement.

The Comprehensive Income and Expenditure Statement
This Statement provides information on the resources used, and gained, by the Authority during the year as a result of corporate and service delivery decisions. In doing so accounting standards and practice are applied in order to represent the economic reality or substance of transactions.

Balance Sheet
This sets out the financial position of the council as at 31 March 2012.

The Cash Flow Statement
This summarises the inflows and outflows of cash and cash equivalents arising from transactions with third parties for revenue and capital purposes.

The Housing Revenue Account (HRA)
This comprises the HRA Income and Expenditure Account showing income and expenditure on council housing and the Statement of Movement on the HRA Balance reconciling the outturn on the HRA Income and Expenditure Account to the surplus/deficit for the year on the HRA Balance.