We want the Council's finances to be as clear and open as possible. We also believe it is important to explain our budgeting processes in a clear and accessible format. We account to you for the ways in which we spend your money.
• Statement of accounts
• Budget and financial performance
• Council tax
• Capital programme
The statement of accounts is by definition a statutory, formal document which sets out a high level view of how the money has been spent and where the money has come from. Since it is designed to meet specific government and accounting requirements, it is a technical document which means that it is not always easy to understand. The 2016/17 accounts can be accessed below:
The Council's external auditors provide an annual audit letter which sets out the findings from their work on the Statement of Accounts and related matters. The latest version can be found via the following links:
Previous statements of accounts:
Last year we had a gross expenditure budget of £76.8 million to be able to deliver our services. The Council's planned net expenditure on services in 2015/16 was £17.0 million, a decrease of 0.2% on the previous year.
In summary in 2015/16 we planned to receive:
| Income Stream || Value |
| Council tax from Elmbridge households ||£12.6m |
| General Government grant || £3.9m |
| Specific Government grants || £45.1m |
| Interest on balances || £0.7m |
| Use of reserves || £1.2m |
| General income || £13.3m |
| To fund total expenditure || £76.8m |
The Council had to cope with increased net costs of £4.2m which arose from inflation, spending pressures and reductions in funding.
Financial performance 2015/16
The following table provides a summary of the Council's income and expenditure for the year. A full copy of the statement of accounts is available.
Financial performance 2015/16
| Service Area || Planned spend £000 ||Actual spend £000 |
| Corporate development || 2,451 || 2,640 |
| Environment and economy || 5,837 || 5,960 |
| Highways and transport || (1,602) || (974) |
| Housing || 2,305 || 1,832 |
| Leisure and culture || 4,500 || 4,221 |
| Licensing committee || 162 || 139 |
| Regulatory affairs || 747 || 662 |
| Resources || 1,941 || (434) |
| Social || 2,641 || 2,186 |
| Planning committee || 1,406 || 1,169 |
| Net cost of all services || 20,822 || 17,835 |
| Asset rentals || (2,045) || (2,045) |
| Interest on balances || (725) || (684) |
| Contribution from interest equalisation reserve || (570) || (425) |
| Contribution from revenue contingency reserve || (84) || - |
| Purchase of investment property || - || 2,300 |
| Transfer from council tax freeze grant reserve || (313) || (313) |
| Council tax freeze grant || (133) || (131) |
| To / (from) earmarked reserves || (253) || 161 |
| Capital financing || 297 || 297 |
| Total || 16,996 || 16,996 |
Unspent budgets for specific projects not completed within the year have been carried forward to the current year (2016/17).
The Council has put in place arrangements for the identification and management of risk, with robust policies and procedures covering all aspects of the authority's activities. This ensures that both strategic and operational risks are fully considered in the development of improvement plans and projects, and in the effective delivery of services. The Council's approach to risk management is available from the Head of Finance.
Although Elmbridge Borough Council collects all of the council tax for the Borough, we actually only receive 12.4% of the money collected. The bulk of the money goes to Surrey County Council and Surrey Police for their services in this Borough. Residents living in Claygate pay slightly more as a contribution to the Claygate Parish Council, which is set by the Parish Councillors themselves. Last year we collected a total of £106m in council tax for all of the above organisations, with a collection rate of 98.8%, one of the best in the Country. We also collect business rates acting as an agent for Central Government and Surrey County Council, and as principal in respect of our own proportion of receipts under the new Business Rates Retention Scheme, where the collection rate was 98.4%
Where the money went in 2015/16 (based on Band D)
|Organisation ||Money ||Percentage |
| Surrey County Council || £1,219.68 || 74.5% |
| Elmbridge Borough Council || £203.07 || 12.4% |
| Surrey Police || £215.89 || 13.1% |
| Total (Band D) || £1,638.64 || 100% |
Every pound last year was spent on
| Service || From £1 spent |
| Environment and Highways £4.2m e.g. recycling and refuse collection || 27p |
| Leisure and culture £4.5m e.g. parks, museum and open spaces || 22p |
| Social affairs £2.6m e.g. community transport || 12p |
| Corporate development £2.5m e.g. electoral registration || 14p |
| Planning and Licensing £1.6m e.g. processing planning applications || 7p |
| Housing £2.3m e.g. securing affordable homes || 10p |
| Resources £1.9m e.g. council tax collection || 2p |
| Community development £0.4m e.g. CCTV || 2p |
| Regulatory affairs £0.87m e.g. planning policy || 4p |
In addition to income and expenditure on the day-to-day running of our services, we have what is called a 'capital programme' for funding large projects such as renovation of buildings and purchase of new assets. The Capital Programme for 2015/16 was financed from capital receipts received from the sale of surplus property, revenue underspends and external borrowing.
The major items of capital expenditure in 2015/16 were corporate property assets, housing grants and information technology. View a more detailed list of the Council's investment in capital projects.
Looking to the coming year
The budget for this year, April 2016 to March 2017, has been set at £16.7 million together with a capital programme of £19.8 million. These are the amounts that we believe we will need in order for us to continue providing our high quality services and to meet the ambitious targets and projects set for the year.
See a selection of what we do each week ...