| |
| Operational Buildings providing services; Museums, Sports Centres, Community Centres, and Toilets |
|
20.9 million |
| Hostel |
|
0.5 million |
| Sports pitches |
|
0.7 million |
| Cemeteries and Crematorium |
|
1.7 million |
| Car Parks |
|
22.0 million |
| Allotment Sites |
|
0.2 million |
| Offices and Depots |
|
8.5 million |
| Commercial Property – shops and units |
|
1.9 million |
| Bus Shelters |
|
0.2 million |
Vehicles |
|
2.4 million |
| Other non-operational assets |
|
1.7 million |
Simplified Balance Sheet
| What the Council owns and is owed |
|
|
| What we own: |
|
|
| Buildings, Land, Vehicles and Equipment |
|
69.00 million |
| Stock |
|
0.11 million |
| Cash in Bank |
|
0.01 million |
| Cash Invested |
|
4.96 million |
| Money owed to the Council |
|
8.40 million |
| What we owe: |
|
|
| Money owed by the Council – short term |
|
8.70 million |
| Money owed by the Council – over a number of years |
|
37.72 million |
| Total value of what we own |
|
£36.06 million |
| |
|
|
| Funds held by the Council: |
|
|
| Amounts used to buy assets |
|
55.39 million |
Revaluation Reserve |
|
2.97 million |
Collection Fund |
|
(0.16 million) |
| Pensions Fund deficit |
|
(26.87 million) |
| Reserves & provisions set aside for future |
|
4.33 million |
| General Reserves |
|
0.40 million |
| Total value of the Council |
|
£36.06 million |
What are we worth (our Reserves)?
| General Reserves: |
|
|
| At beginning of the year |
|
979,000 |
| Contribution from General Reserve |
|
(577,000) |
| Balance at the end of the year |
|
402,000 |
The Council has a duty in law to keep a sensible (prudent) level of General Reserves. It is our policy to be well within the target range of £0.6 - £1.0 million to protect the Council from risk and exposure to incr easing costs as highlighted in the Medium Term Financial Plan, this shortfall in 2007/08 will be addressed in 2008/09.
| Reserves set aside for future: |
|
|
| |
|
|
The money set aside for the future are:-
Revenue Reserves |
|
|
| Reorganisation Reserve |
|
126,000 |
| Three Choirs / Elgar Festivals |
|
31,000 |
| Recreational Improvements |
|
193,000 |
| Planning Appeals |
|
4,000 |
| Arts & Museum service |
|
33,000 |
| Land Charges |
|
26,000 |
| Internal Audit Reserve |
|
25,000 |
| Occupational Health |
|
28,000 |
| Building Control |
|
18,000 |
| Pre LSVT Housing Contracts |
|
107,000 |
| Central Training |
|
56,000 |
| Budget Funding – Planned |
|
138,000 |
| Budget Action Plan 2008/09 |
|
916,000 |
| s. 106 Interest |
|
24,000 |
Capital/Other Reserves |
|
|
| Depot Relocation |
|
1,629,000 |
| Nunnery Lane Deposits |
|
16,000 |
| Guildhall Floodlights |
|
30,000 |
| Housing Environmental Warranty Reserve |
|
934,000 |
| Total Reserves |
|
4,334,000 |
| |
|
|
| Cash Flow: |
|
|
| Operational Cash in during the year |
|
(121,133,000) |
| Operational Cash out during the year |
|
122,706,000 |
| Other Financing Activities |
|
(1,625,000) |
| Net inflow in cash |
|
(52,000) |
<< Back | >> How Well Have We Performed
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