As a local authority, Dover District Council produces an Income and Expenditure Account which shows how much money was spent in the year and how much income was collected, in providing each of its services. This is summarised for 2006/07 in table 1 below:
| Expenditure £000 |
Income £000 |
Net £000 |
|
|---|---|---|---|
| Housing Management, Strategy & Services | 26,020 | (24,734) | 1,286 |
| Community Development & Youth Services | 543 | (298) | 245 |
| Waste Collection & Recycling | 3,354 | (659) | 2,695 |
| Planning & Building Control | 2,366 | (1,287) | 1,079 |
| Environmental Services | 801 | (83) | 718 |
| Leisure, Culture, Museums & Tourism | 3,036 | (321) | 2,715 |
| Property & Parking | 2,951 | (2,412) | 539 |
| Transports & Projects | 363 | (9) | 354 |
| Revenues & Benefits | 36,702 | (34,140) | 2,562 |
| Democratic, Corporate & Central Services | 5,646 | (1,214) | 4,432 |
| TOTAL | 81,782 | (65,157) | 16,625 |
Revenue1 spending is financed from Council Tax, Non-Domestic Rates and a Government grant2. For 2006/07, there was a surplus of funding over expenditure of £1.29m which will be held in reserve to fund activities in later years and to maintain the financial health of the authority.
In addition to revenue expenditure, the Council also incurs capital expenditure. Capital expenditure is incurred on items that provide value to the Council for more than one year. In 2006/07, a capital programme of £11 million was completed. This was financed by a mixture of affordable borrowing, Government grants and capital receipts from the sale of assets.
The Council maintains a housing stock of around 4,700 houses and flats. Income and expenditure is maintained in a separate account called the “Housing Revenue Account” (HRA). The HRA is mainly financed from Council house rents and service charges. In total the HRA made a surplus for the year of £185,000, leaving an accumulated credit balance of £5.74 million in the account at 31 March 2007.
A summarised balance sheet is shown below, detailing the fixed assets owned by the Council, the amount of monies owed to and by the Council and the amount held in all reserves as at 31 March 2007:
| 31 March 2006 £000 |
31 March 2007 £000 |
|
|---|---|---|
| Value of land & property | 295,325 | 320,546 |
| Investments & cash in bank | 22,355 | 26,302 |
| Money owed to Dover District Council | 5,739 | 6,319 |
| Money owed by Dover District Council | (12,652) | (13,531) |
| Loans outstanding | (4,006) | (4,004) |
| Long-term liabilities | (56,178) | (59,200) |
| Total Assets less Liabilities | 250,583 | 276,432 |
| Total Reserves | (250,583) | (276,432) |
The people of the district are entitled to know about the financial position of the Council, but the full Statement of Accounts is a detailed and complex document. This summary is designed to give you an insight into how much we spent in the year and our assets and liabilities. A full Statement of Accounts can be found on the Council’s website:
We would be interested in your views regarding this summary information:
Please e-mail your comments to mike.davis@dover.gov.uk or or call (01304) 872301
1 In this context “revenue” means “current year”. In contrast, “capital” items, such as buildings or equipment are those major items where they last for more than one year.
2 The table also includes Council housing, but the costs of this are met mainly from rents and service charges collected.
Email: pr@dover.gov.uk
