Revenue Account
This summary provides an overview of the Council’s detailed Statement of Accounts for 2006/07.
The total cost of running all our services was £112.8 million. Service income, such as fees and charges, property rents and special grants was £94.8 million.
The net cost of £18.0 million is shown in our revenue account.
We paid for this net expenditure from the council tax and national taxes (general central government grant and our share of business rates.)
The accounting which results in the deficit of £3.5m reported in the Income and Expenditure Account differs from the basis on which Council Tax is raised and hence, after the appropriate adjustments, there was a net surplus of £1.4m on the Council’s General Fund.
This was added to the accumulated surpluses held in the Council’s Reserves.
Net expenditure £m |
|
| Corporate Services | 3.2 |
| Housing Services | 2.7 |
| Housing Benefit & Council Tax Benefit | 1.3 |
| Environmental Services | 6.4 |
| Planning and Development Services | (2.5) |
| Leisure Services | 6.9 |
| Net Cost of Services | 18.0 |
| Interest & Investment Income | (3.3) |
| Housing capital receipts payable to Central Government | 4.5 |
| Other operating expenditure | 3.0 |
| Net Operating Expenditure | 22.2 |
| General Government Grants | (3.4) |
| Share of National Business Rates | (9.9) |
| Council Tax | (5.4) |
| Net accounting deficit for the year | 3.5 |
| Net accounting adjustments | (4.9) |
| Net General Fund surplus for the year | (1.4) |