Financial performance and annual accounts

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

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 unaudited 2019/20 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 final 2018/19 annual audit letter can be found via the following link:

 Previous statements of accounts

Budget and financial performance

Last year we had a gross expenditure budget of £76.1 million to be able to deliver our services. The Council's planned net expenditure on services in 2018/19 was £16.8 million, an increase of 2.7% on the previous year.

In summary in 2018/19 we planned to receive:

Income stream and value

  •  Council tax from Elmbridge households: £13.8m  
  •  General Government grant: £2.2m  
  •  Housing Benefit: £41.3m  
  •  Surplus on Collection Fund: £0.2m  
  •  Use of Reserves: £0.8m  
  •  Rental income, interest, fees and charges and other income: £17.8m  
  •  To fund total expenditure: £76.1m  

Financial performance 2018/19

The following provides a summary of the council's income and expenditure for the year. A full copy of the statement of accounts is available.

Figures are in £000

Service areas:

  • Community development - Planned: 330 Actual: 338
  •  Corporate development -  Planned: 2,784 Actual: 2,691
  •  Environment and economy – Planned: 4,990 Actual: 5,519
  •  Highways and transport – Planned: (1,552) Actual: (2,385)
  •  Housing – Planned: 2,458 Actual: 2,366
  •  Leisure and culture – Planned: 5,002 Actual: 5,405
  •  Licensing committee – Planned: 197 Actual: 208
  •  Resources – Planned: 3,496 Actual: 2,642
  •  Social -  Planned: 3,185 Actual: 3,062
  •  Planning committee – Planned: 2,027 Actual: 2,902
  •  Net cost of all services – Planned: 22,917 Actual: 22,748
  •  Asset rentals – Planned (3,682) Actual: (3,680)
  •  Interest on balances - Planned: (900) Actual: (1,062)
  •  Contribution from interest equalisation reserve - Planned: - Actual: 162
  •  Investment properties – Planned: (3,455) Actual: (3,386)
  •  New Homes Bonus – Planned: (1,102) Actual: (1,126)
  •  Contribution to New Homes Bonus / Property Acquisition Reserve - Planned: 960 Actual: 960
  •  Transfer from council tax freeze grant reserve - Planned: (157) Actual: (157)
  •  To / (from) earmarked reserves -  Planned: 17 Actual: 45
  •  Capital financing - Planned: 2,207 Actual: 2,301
  •  Total - Planned: 16,805  Actual: 16,805

Unspent budgets for specific projects not completed within the year have been carried forward to the current year (2019/20).

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.

Council tax

Although Elmbridge Borough Council collects all of the council tax for the Borough, we actually only receive 11.5% 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 £120m in council tax for all of the above organisations, with a collection rate of 98.9%, 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 99.2%.

Where the money went in 2018/19 (based on Band D)

  •  Surrey County Council: £1,411.29 (75.8%)
  •  Elmbridge Borough Council: £215.00 (11.5%)
  •  Surrey Police: £236.57 (12.7%)
  •  Total (Band D): £1,862.86  (100%)

Net Expenditure - Every pound last year was spent on

  •  Environment and Highways £3.1m e.g. recycling and refuse collection: 14p in every £1
  •  Leisure and culture £5.4m e.g. parks, museum and open spaces: 24p in every £1
  •  Social affairs £3.1m e.g. community transport: 14p in every £1
  •  Corporate development £2.7m e.g. electoral registration: 12p in every £1
  •  Planning and Licensing £3.1m e.g. processing planning applications: 14p in every £1
  •  Housing £2.4m e.g. securing affordable homes: 10p in every £1
  •  Resources £2.6m e.g. council tax collection: 11p in every £1
  •  Community development £0.3m e.g. CCTV: 1p in every £1

Our capital programme

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 2019/20 was financed from CIL and other grants and contributions, capital receipts received from the sale of surplus property, revenue underspends and external borrowing.  View a more detailed list of the Council's investment in capital projects.

The major items of capital expenditure in 2018/19 were:

Figures in £'000

  •  Investment properties:18,197
  •  Sports Hub, Waterside Drive: 86
  •  Brooklands Culvert: 300
  •  Vehicles including waste vehicles: 158
  •  Other public building acquisition and enhancements: 978
  •  Private sector housing grants: 568
  •  Affordable housing grants/loans: 207
  •  Grant expenditure - CIL/ECIF/other: 1,365
  •  Other: 129
  •  IT development/investment: 282
  •  Community transport/centre enhancements: 166
  •  Car park improvements: 1,526
  •  Playground refurbishments/tennis courts: 486
  •  Total: 24,448   

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