Annual Financial Report 2006 - 07

This report summarises the Council's financial information for 2006/07.

During the year 1 April 2006 to 31 March 2007, the Council spent over £54 million - about the same as the previous year - although it spent £1 million more on revenue and £1 million less on major developments.

	£
General Fund - Revenue expenditure	50,672,000
Capital spending on major developments	3,598,000
Total spending	54,270,000

 

Capital Spending on Major Developments

This is expenditure by the Council on the purchase or improvement of land, buildings, vehicles and equipment.

	£
New housing developments	1,072,000
Home improvement grants	1,002,000
Computer projects	304,000
Leisure facilities	627,000
Sewerage schemes	124,000
Car Parks	31,000
Vehicles and equipment	19,000
Offices and depots	74,000
Land development	3,000
Cemeteries	( 9,000)
Grants	43,000
Hostel improvements	308,000
Total	3,598,000

  

Paid for by:

	£
Sales of assets	2,271,000
Government grants	781,000
Contributions	518,000
Revenue and other funds	28,000
Total	3,598,000

  

General Fund

Overall day-to-day spending and income on General Fund services was;

	£
Expenditure (employees, running costs, housing benefits, depreciation)	50,672,000
Income (fees, grants, government subsidies, interest)	( 35,140,000)
Other adjustments	( 2,117,000)
Contribution to reserves	553,000
Total net spending	13,968,000

 

Expenditure and income on services areas was;

	Expenditure	Income	Net
	£	£	£
Central services to the public (Elections, Council tax collection, Land charges)	7,407,000	( 6,951,000)	456,000
Cultural, environmental and planning services (Leisure centres, Parks, Cemeteries, Planning, Street cleansing, Refuse collection, Public conveniences, Environmental health)	13,455,000	( 2,794,000)	10,661,000
Highways, roads and transport services (Car parks, Street naming, Concessionary bus fares)	1,515,000	( 808,000)	707,000
Housing services (Housing benefits, Homelessness, Housing grants)	25,642,000	( 22,965,000)	2,677,000
Corporate and democratic core (Strategic management of the Council)	2,075,000	( 54,000)	2,021,000
Non-distributed costs (Costs not attributable to specific services)	54,000	-	54,000
Net cost of services	50,148,000	( 33,572,000)	16,576,000
Gain on the Disposal of Assets (Amount received above the value we have put on the asset)			( 18,000)
Contribution to Housing Capital Receipts Pool (Council house mortgages that we must pay to the government)			20,000
Trading account (Surpluses)/Deficits (Commercial properties, work for other organisations)			( 429,000)
Interest and Investment Income (Interest from money invested)			( 502,000)
Pensions Cost and Return (The net of the expected increase in pension liabilities over pension assets)			603,000
Other government grants (Business Growth Incentive Scheme)			( 113,000)
Net Additional Amount (To offset depreciation and pension costs included in cost of services)			( 2,722,000)
Contribution to reserves (Amounts set aside for future years)			553,000
		Total	13,968,000

  

Paid for by:

	£
Council tax	6,243,000
Business rates	6,428,000
Government grant	1,297,000
Total	13,968,000

 

Spotlight on your Council Tax

Your Council Tax last year paid for the services provided by Wiltshire County Council, Wiltshire Police Authority, Wiltshire and Swindon Fire Authority and your town/ parish council, as well as the district council. For the average taxpayer in a Band D property the amount paid to each authority was:

	£ p
Wiltshire County Council	929.25
West Wiltshire District Council	134.26
Wiltshire Police Authority	132.84
Wiltshire and Swindon Fire Authority	52.80
Town/Parish Council (average)	66.66
Total	1,315.81

  

Balance Sheet

This gives a snapshot of the Council's position at 31 March 2007. It shows the Council's assets (what it owns or is owed), its liabilities (what it owes or what it must pay for in future years) and its reserves.

	£
Buildings, land and equipment owned by the Council	31,371,000
Investments	6,924,000
Stocks	17,000
Money owed to the Council	6,113,000
Money owed by the Council	( 7,670,000)
Cash	208,000
Amounts the Council must fund in future years	( 24,357,000)
	12,606,000

 

Long term reserves	7,819,000
Capital reserves	2,064,000
Revenue reserves	2,723,000
	12,606,000

  

Reserves

Like similar organisations, the Council needs to ensure that it's reserves are adequate to tide it over in case of problems in future years. At the close of the 2006/07 financial year our reserves were as follows:

	£
General Fund	1,938,000
Specific Reserves	785,000
Total	2,723,000

  

Further Information

The Council’s full audited financial statements for 2006/07 can be found in the booklet "Financial Statements - 2006-07". This summary is presented in accordance with Best Accounting Practice. (The 'Final Accounts' publication is a pdf file and will open in a new window).

To view pdf files you need Acrobat Reader which is installed on most PCs and is freely available to download from the Adobe website. If you do not already have this on your PC please click the icon below.

Information on the other organisations for which the Council collects revenue is available on their websites, as follows:

• Wiltshire County Council - www.wiltshire.gov.uk
• Police - www.wiltshire.police.uk
• Fire - www.wfb.org.uk

Contact Us

If you have any questions, please contact the Finance Department - telephone 01225 776655 or e-mail accountancy@westwiltshire.gov.uk

This summary is presented in accordance with Best Accounting Practice, for further details please visit the CIPFA website.

For information the Council's planned spending for the year 2006/ 2007 please refer to the Performance Plan.