West Sussex County Council: Financial report and accounts

The full statement of accounts

Following the end of each financial year the County Council publishes an annual Statement of Accounts. The County Council's accounts are one of the means by which it demonstrates its stewardship of public money.

The accounts include an income and expenditure account showing how the County Council has spent its sources of income to be used in the provision of services to the West Sussex public, statements of movement in the general fund and total recognised gains and losses, and a balance sheet which lists all the assets and liabilities of the Council at 31 March.

The 2007/08 accounts are still subject to audit and the auditor's opinion on the accounts will be provided in September 2008.

The annual document includes:

1. Financial Report
2. Statement of Accounting Policies
3. Statement of Responsibilities and Member Approval
4. Income and Expenditure Account 
5. Statement of Movement in General Fund
6. Statement of Recognised Gains and Losses
7. Balance Sheet
8. Cash Flow Statement
9. Notes to the Financial Statements
10. Local Government Pension Fund Accounts
11. Firefighters Pension Scheme Accounts
12. Annual Governance Statement
13. The Audit Report
14. Glossary of Financial Terms

Also attached is the Audit Commission's Annual Audit and Inspection Letter which includes a report on the audit of the accounts.

In 2007 the Prince of Wales launched an Accounting for Sustainability project to encourage sustainable practices in reporting in businesses and other organisations. The project aimed to provide reporting guidelines to help organisations more effectively measure the wider environmental and social costs of their actions.  West Sussex County Council was a partner in the project.

Contact

Tim Stretton
Telephone: +44 (01243) 777868