Accounts and expenditure

Statement of accounts

The annual statement of accounts is a statutory summary of the Council’s financial affairs for the financial year and is prepared in accordance with the Code of Practice on Local Authority Accounting in the United Kingdom.

The purpose of our statement of accounts is to give clear information on our overall finances and to demonstrate our stewardship of public money for the year.

Draft accounts must be produced and authorised for issue by the Council’s Director of Finance and Customer Services by 31 May each year.

As a registered elector you have legal rights to inspect, ask questions about and challenge items in the Council's draft accounts. Please see the public inspection of accounts notice in the "Documents" section below.

Independent auditors review the draft statement of accounts and report annually whether they present a true and fair view of the expenditure and income and year-end financial position of the Council.

The most recent statement of accounts are available which includes the independent auditor's report and the Annual Governance Statement.

Annual audit letter

The auditors also consider whether the Council has made proper arrangements for securing value for money through economy, efficiency and effectiveness in the use of its resources. Key issues arising from the audit of the accounts and the value for money conclusion are reported in the annual audit and inspection letter.