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  4. Financial performance and annual accounts

Financial performance and annual accounts

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In this section

  • Overview
  • Statement of accounts
  • Budget and financial performance
  • Financial performance
  • Capital Programme

Financial performance 2024 to 2025

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.

Financial performance 2024 to 2025
Service areaOriginal budget
Figures in £'000
Actual amount
Figures in £'000
Climate change, environmental services and sustainability5,7245,792
Community care4,1904,465
Enterprise, parking and local economy(1,870)(2,213)
Finance and resources3,8692,395
Housing3,9133,498
Leisure, culture and commercial strategy6,7656,389
Planning4,3834,190
Policy and transformation3,3853,109
Net cost of all services30,35927,625

 

Council income 2024 to 2025
Service area Planned amount
Figures in £'000
Actual amount
Figures in £'000
Depreciation reversal(3,938)(3,938)
Interest on balances(5,250)(5,784)
Contribution to/from Interest Equalisation Reserve1,7501,750
Investment properties(3,647)(3,388)
Transfer from Council Tax Freeze Grant Reserve(150)(150)
Lower Tier Services Grant--
Services Grant(15)(16)
Multiplier compensation(477)(477)
Funding guarantee(1,937)(1,936)
New Homes Bonus(131)(131)
Contribution to New Homes Bonus Reserve131131
To/from earmarked reserves563,044
Capital financing2,8442,865
Total19,59519,595

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.

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