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Statement of Accounts 2008/09
Explanatory foreword
The Statement of Accounts brings together the major financial statements of the Council and consists of:
a) the Statement of Accounting Policies which sets out the basis on which the accounts have been compiled;
b) Core financial statements:
- the Income and Expenditure Account summarising revenue expenditure and income for the year on all services compiled in accordance with generally accepted accounting practice;
- the Statement of Movement on the General Fund balance which reconciles the deficit on the Income and Expenditure Account with the amount to be met from the General Fund balance/Council Tax;
- the Statement of Total Recognised Gains and Losses which shows other gains and losses which have not been included in the Income and Expenditure Account;
- the Balance Sheet setting out the financial position of the Council as at 31 March with the balances and reserves available for future use and the assets employed in its operations; and
- the Cash Flow Statement which summarises the inflows and outflows of cash arising from transactions with third parties;
with associated notes grouped together for all the core financial statements.
c) Supplementary financial statements:
- the Housing Revenue Account which shows revenue expenditure and income on Council housing for the year and is a ring-fenced account within the General Fund to prevent any cross-subsidy between general income and rents; and
- the Collection Fund which includes the council taxes and business rates collected by South Cambridgeshire District Council on behalf of those authorities responsible for services within the district and the way in which these monies have been distributed among the authorities to finance their expenditure.
Download:
If you require any further information please contact the Council's Principal Accountant (email: sally.smart@scambs.gov.uk (This link will open in a new window)).

