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Nottinghamshire County Council - Proud of our past, ambitious for our future
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Financial report 2010/11

Financial report: Money received pie chart 2010-11
Financial report: Spending pie chart 2010-11

Spending and capital investment breakdown

In 2010/11 the Council spent over £1,300m providing services like schools, libraries, roads and care for older people across the county, as well as money spent on buying, upgrading and improving assets like buildings and roads. Here's how the money was spent.

Children's and Education

   £m
Secondary schools  352.1
Primary schools  304.1
Children's social care  86.2
Special schools  34.3
Pre-school education  26.6
Non-school funding  38.5
Nursery schools  1.3
Total  843.1

Highways, Roads and Transportation

   £m
Public transport  26.7
Road maintenance  22.5
Other transport/roads  23.5
Street lighting  8.0
Traffic management and road safety  1.4
Total  82.1

Adult Social Care

   £m
Older people's social care  151.4
Adults with physical disability or sensory impairment  31.2
Adults with learning disabilities  105.4
Adults with mental health needs  16.8
Other social care  22.2
Total  327.0

Environmental Services

   £m
Waste disposal  23.6
Community safety  2.1
Trading Standards  3.8
Total  29.5

Leisure Services

   £m
 Library service  17.9
 Country parks, sport and arts  13.9
 Other leisure services  1.5
 Total  33.3

Other

   £m
Corporate and democratic core  32.2
Planning and development  7.1
Other services  3.3
Non distributed costs  8.2
Total  50.8

Capital Investment 2010/11

This is money we spend on buying, upgrading and improving assets like buildings and roads. In 2010/11 we spent £105.5m on capital investment.

Department  £m
Children and Young People  47.6
Community Services  40.6
Adult Social Care and Health  3.4
Support services and trading operations  13.9
Total  105.5

Spending

   £m
Children's and education  843.1
Highways, roads and transportation  82.1
Adult social care  327.0
Environmental services  29.5
Leisure services  33.3
Other  50.8
   1365.8
Less  
Other income, spending, adjustments  (126.4)
Total  1239.4

Funding

   £m
Council Tax  308.8
Dedicated Schools Grant  435.4
National non domestic rates  153.7
Area based grant  52.7
Capital grants and contributions  50.0
Other government grants  242.1
Total  1242.7

Surplus for the year: £3.3m

This arose due to:

   £m
Underspending on services  3.7
Reduced grant income  (4.7)
Interest  3.1
Loan repayments  1.4
Movements in reserves and other  (0.2)
Total  3.3

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 2010-11 our total net assets increased by £474m mainly due to changes in the valuation of the pensions liability.

Net assets

 

31/03/10
£m

31/03/11
£m
Property, plant and equipment 1,547.9 1,550.4
Other long term assets 33.9 40.4
Short term investments 74.4 20.0
Debtors
72.7 61.7
Other short term assets 3.8 9.7
  1,732.7 1,682.2
Less    
Short term borrowings (39.9)
(25.5)
Short term creditors and provisions
(162.9)
(169.6)
Long term borrowings
(446.0)
(423.6)
Other long term liabilities (14.3) (9.9)
Pensions Liability (1,071.7) (581.6)

(1,734.8) (1,210.2)
Total net assets
(2.1)
472.0

Financed by


31/03/09
£m

31/03/10
£m
Earmarked reserves 149.8 142.6
General reserves 24.8 28.1
Capital accounting and other unusable reserves 895.0 882.9
   1096.6 1053.6
Less Pensions reserve  (1071.7) (581.6)
Total financing  (2.1) 472.0

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.
  • Pension reserves represent the liability  to the Council has to fund pensions earned by past and present employees.
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