Financial report 2015/16
At a glance
Every £1 we receive to spend on day-to-day services comes from
For every £1 we spend on day-today services
Spending and capital investment breakdown
Spending
Spending | £m |
---|---|
Children's and Education | 552.5 |
Highways, Roads and Transportation | 75.0 |
Adult Social Care | 356.7 |
Public Health | 45.9 |
Environmental Services | 40.9 |
Cultural Services | 25.6 |
Other Services | 26.7 |
1123.3 |
Children's and education
Children's and education | £m |
Secondary Schools | 32.6 |
Primary Schools | 286.8 |
Children’s Social Care | 127.1 |
Special Schools | 23.1 |
Post 16 | 5.2 |
Other Education & Community | 52.2 |
Nursery Schools | 25.5 |
Total | 552.5 |
Highways
Highways, roads and transportation | £m |
Public Transport | 30.2 |
Road Maintenance | 29.6 |
Other Transport/Roads | 9.8 |
Street Lighting | 2.7 |
Traffic Management and Road Safety | 2.7 |
Total | 75 |
Adult social care
Adult social care | £m |
Older People’s Social Care | 118.3 |
Adults with Physical Disability or Sensory Impairment | 23.6 |
Adults with Learning Disabilities | 84.1 |
Adults with Mental Health Needs | 9.5 |
Other social care | 121.2 |
Total | 356.7 |
Environmental services
Environmental services | £m |
Waste Disposal | 32.8 |
Community Safety | 4.2 |
Trading Standards | 3.9 |
Total | 40.9 |
Cultural services
Cultural services | £m |
Library Service | 17.1 |
Country Parks, Sport and Arts | 7.0 |
Archives | 1.5 |
Total | 25.6 |
Public health
Public health | £m |
Sexual Health | 7.2 |
Obesity | 1.3 |
Substance Misuse | 12.5 |
Smoking & Tabacco | 1.7 |
Children 5-19 | 16.4 |
Other | 6.8 |
Total | 45.9 |
Other services
Other services | £m |
Corporate and Democratic Core | 9.6 |
Planning & Development | 11.6 |
Other Services | 5.4 |
Non Distributed Costs | 0.1 |
Total | 26.7 |
Funding
Funding | £m |
Council Tax | 298.7 |
Dedicated Schools Grant | 312.0 |
National Non-Domestic Rates | 104.2 |
New Homes Bonus Scheme | 3.3 |
Education Services Grant | 7.1 |
Capital Grants and Contributions | 43.7 |
Other Government Grants | 212.8 |
Use of General Fund Balances | 3.0 |
Total Funding | 984.8 |
Capital investment
Capital investment 2015/16 | £m |
Children & Young People | 25.5 |
Culture & Regenration | 0.9 |
Adult Social Care & Health | 0.1 |
Support services & trading operations | 44.4 |
Total | 70.9 |
Balance sheet
This is a statement of our financial position at the end of the financial year. It is a summary of our assets and of our liabilities. During 2015/16 our total net assets increased by £225m mainly due to Pension Liability and property valuation gains
Net assets
Net assets | 2014/15 | 2015/16 |
Property, plant & equipment | 1185.2 | 1254.2 |
Other long term assets | 31.3 | 34.2 |
Short term investments | 20.0 | 30.0 |
Debtors | 75.7 | 65.4 |
Other short term assets | 45.2 | 67.5 |
1357.4 | 1451.3 | |
Less | ||
Short term borrowings | -22.8 | -24.1 |
Short term creditors and provisions | -111.3 | -100.8 |
Long term borrowings | -398.8 | -428.5 |
Other long term liabilities | -142.4 | -143.9 |
Pensions Liability | -1087.7 | -934.5 |
-1763.0 | -1631.8 | |
Total net assets | -405.6 | -180.5 |
Funded by
Funded by | 2014/15 | 2015/16 |
Earmarked reserves | 170.8 | 171 |
General reserves | 27.0 | 24.0 |
Capital accounting and other unusable reserves | 484.3 | 558.9 |
682.1 | 753.9 | |
Less Pensions reserve | -1087.7 | -934.5 |
-405.6 | -180.6 |
Terms
- earmarked reserves are amounts set aside for specific purposes. They include amounts set aside for future capital investment and any unspent budgets held by schools
- general reserves are amounts we have set aside to cover unplanned or unexpected spending demands in the future. While we we need to keep enough aside to maintain a secure financial position we keep these amounts as low as possible so that we can spend more on delivering services while minimising the call on the council tax payer
- capital accounting and other unusable reserves are amounts held under accounting regulations and are not available for spending by the council
- pensions reserves represent the liability to the council has to fund pensions earned by past and present employees.