North Lincolnshire Council's statement of accounts shows its financial performance for the year to 31 March 2009, and its financial position at that date.
(Please note - the statement of accounts are currently only a draft copy and are not yet audited)
The accounting statement consists of the following statements:
- Income and Expenditure Account - details income and expenditure for the council's services and consolidates the income and expenditure for the General Fund
- Statement of Movement on the General Fund Balance -explains how the performance shown in the income and expenditure account affects the General Fund balance. The statement derives the surplus or deficit on general fund which the council must use for budget setting. The general fund surplus tells the council what funds it has in reserve
- Statement of Total Recognised Gains and Losses - brings together all the gains and losses of the council for the year and shows the aggregate increase in its net worth. In addition to the surplus/(deficit) generated on the Income and Expenditure Account, it includes gains and losses relating to the revaluation of fixed assets and re-measurement of the net liability to cover the cost of retirement benefits
- Balance Sheet - sets out the financial position of the council as at 31 March and consolidates the individual balance sheets for the General Fund and the Collection Fund.
- Cash Flow Statement -summarises the inflows and outflows of cash relating to the General Fund, Housing Revenue Account and Collection Fund.
- Collection Fund - summarises income from the council tax and business rates (NNDR), precepts and demands upon the fund.
Latest Statement of Accounts
The statement of accounts 2008/09 is available below to download and print.
Previous Statement of Accounts
The previous Statement of Accounts 2007/08 is also available to download and print.
The council's auditors are the Audit Commission. Each year they produce a management letter which summarises the main points of their audit of our accounts and comments on the financial standing of the council.
Latest auditor's management letters
Copies of the auditor's management letters are also available to download and print.
For more information please contact Mark Kitching, corporate accountant on 01724 296070 or by email at mark.kitching@northlincs.gov.uk.
More information
The documents are provided as Portable Document Format (PDF) files and require the appropriate software to view and print. An Adobe Acrobat reader can be downloaded free from the Adobe website (full instructions for downloading the reader are provided on the website).