Runnymede Voice - Runnymede Borough Council

your council
Summary of Accounts 2011/2012
Where we
spent the
money….
Each year Runnymede
Council publishes a set of
accounts. The accounts
are an important element
in demonstrating how we
manage our fnances. They
show the resources available
to the Council and how they
are used in providing services
to the community.
The Statement of Accounts
contains the full accounting
information for 2011-12. This
has to comply with accounting
rules which dictate how
the accounts should look
and what information they
should contain. It is subject
to an independent audit by
KPMG LLP. A full copy of the
Statement of Accounts can be
seen on the Council’s website
at www.runnymede.gov.uk
Our expenditure fgures for
2011/12 were higher than
usual due to the inclusion of a
one off payment of £103.292m
Balance sheet as at 31 March 2012
The balance sheet shows
the fnancial position of the
whole Council at 31 March
2012. It discloses the
valuations of our assets, ie.
• how much money the
Council has in the bank
• how much money is
owed to us.
• how much we owe
other parties.
This is the net worth of
Runnymede Council. Part of
our net worth is represented
by reserves of £12million that
are available to pay for new
capital projects and balances
on our revenue accounts.
to central government following
the introduction of a new
housing fnance system.
This system means that the
Council will now be able to
keep all of its housing rental
income (rather than paying
it over to the government)
thereby enabling the council
Local authority
housing (HRA)
34%
Other housing
services
5%
Adult
social care
7%
Council spending in 2011/12
Highways and
transport services
2%
to “self fnance” its housing
activities in the future.
Excluding the housing
fnance payment, non-cash
items and awards of housing
beneft, the pie chart below
shows how the Council spent
its money in 2011/12:
Corporate and
democratic care
4%
Planning
services
8%
Other
2%
Environmental
and regulatory
services
15%
Cultural
services
Central services
to the public
15%
£’000
Assets:
Long term assets 254,216
Current assets 23,107
Liabilities:
Current liabilities (9,392)
Pension fund defcit (20,479)
Local authority housing debt (103,256)
Net assets at 31 March 2012 144,196
Collecting local taxes in 2011/12
Runnymede Council collects all the Council Tax. We pay Surrey County Council and Surrey
Police Authority their share of the Council Tax that they set each year.
Runnymede Council has the smallest share of your Council Tax bill. The Band D Council Tax
and how this was shared during 2011-12 is shown in the table and pie chart:
Runnymede Borough
Council
9%
Collecting local taxes in 2011/12
Surrey Police
Authority
14%
Surrey County Council
77%
8 9
Runnymede Voice visit www.runnymede.gov.uk
8%
your council
Summary of Accounts 2011/2012
Capital expenditure:
Investing in our services in 2011/12
We also spend money
on buying and improving
our land, property and
other assets so that we
can provide services to the
community over the longer
term. Capital expenditure
incurred in 2011-12 was
£5.547 million, and how it
was spent is shown in the
table to the right.
Council Tax £
Surrey County 1,116.36
Council
Surrey Police 198.54
Authority
Runnymede 136.89
Borough
Council
1,451.79
£’000
Local authority housing 3,052
Purchase of property 1,059
CCTV equipment 486
Grants and other assistance to third parties 378
Vehicle replacements 357
Other schemes 215
Capital expenditure in 2011-12 5,547
This expenditure was paid for from the
following sources of income:
Capital receipts from the sale of assets
2,391
and investments
Revenue and revenue reserves 2,492
Grants and contributions 664
5,547
issue no.17 Winter 2012/ Spring 2013