The Service
Each year we publish our full Statement of Accounts
979Kb in accordance with legal requirements and proper accounting practices. The Audit Commission formally approved our accounts for 2008/09 in September 2009. This simple statement aims to make our accounts easier to understand. It summarises how we spent our budget of £65m for the year and also where the money came from.
The Authority has achieved excellent results in the Audit Commission's latest national assessment of performance. For the second year running we attained the top score of `4' for the way we deliver our services to the public and are considered to be performing strongly. In the use of resources assessment, we were judged to be performing well with a score of `3'. In our overall 'direction of travel', we were considered to be improving well with a score of `3'.
This table summarises the cost of running our services for last year. It shows where the money came from and the change in our general balance (reserves) at the end of the year.
| What did we spend money on? | £m |
|---|---|
| Fire safety activities | 6 |
| Firefighting and rescue operations | 64 |
| Governance arrangements | 1 |
| Net cost of services | 71 |
| Other income and expenditure | 10 |
| Accounting adjustments | -16 |
| Net expenditure for the year | 65 |
| Where did the money come from? | |
| Council Tax | 36 |
| General Government grant | 4 |
| Business Rates | 25 |
| General balance at the start of the year | 2 |
| Change in general balance | 0 |
| General balance at the end of the year | 2 |
Capital expenditure is money spent on creating, purchasing or improving our assets. We spent £3m on capital projects in 2008/09.
| What we spent it on: | £m | How we paid for it: | £m |
|---|---|---|---|
| Vehicles | 1 | Loans | 1 |
| Building works mainly at fire stations | 2 | Proceeds from sales of surplus assets | 1 |
| Other` | 1 | ||
| Total | 3 | Total | 3 |
This balance sheet shows our assets (what we own), our liabilities (what we owe) and how they are funded at the end of the financial year.
| Assets and Liabilities | £m | Funded by: | £m |
|---|---|---|---|
| Land, buildings, vehicles and other assets | 101 | Reserves not available for distribution | 87 |
| Stocks | 1 | Reserves | 4 |
| Money owed to the Authority | 2 | Pension liability reserve | -385 |
| Money owed by the Authority | -13 | ||
| Future pensions liability | -385 | ||
| Total | -294 | Total | -294 |
The future pensions liability is the cost of future pension payments to staff based on service to 31 March 2009. It is matched by a pensions reserve and has no impact on the Council Tax.
Our full Statement of Accounts is available for downloading - download Statement of Accounts 2008/09
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We would welcome views on its format and usefulness. Please contact Jane Lovett via e-mail (jane.lovett@hants.gov.uk) or by phone 01962 847518 with your comments or requests for any further information or clarification .
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