Last updated:
26 September 2017

County Council finances

Find out how the County Council spends its funds.

The documents below explain some key concepts about West Sussex County Council funds.

You have asked us about the money the County Council puts by. The amount in reserves is a very small percentage compared to our annual budget of £529 million. There is just £18 million available in ‘general’ reserves, which we can draw on if there is an emergency of some kind. The rest is used for earmarked projects. 

Reports and accounts

Statement of Accounts

Following the end of each financial year we publish an annual Statement of Accounts. This is one of the ways we demonstrate our stewardship of public money.

The accounts show:

  • how we have spent money on services to the West Sussex public
  • statements of movement in the general fund
  • gains and losses
  • a balance sheet which lists all the assets and liabilities of the County Council at 31 March.

Statutory notices

We are required by the Accounts and Audit Regulations 2015 to publish various documents relating to the annual audit of our accounts. This includes notification of the accounts inspection period, notification of the conclusion of the audit and publication of the annual audit letter in which the authority's external auditors summarise their findings. The most recent versions of each of these documents are available below.

Annual Governance Statement

We are responsible for making sure that our business is conducted in accordance with the law and proper standards, and that public money is safeguarded, properly accounted for and used economically and efficiently.

There is also a duty under the Local Government Act 1999 to put in place proper arrangements for:

The Annual Governance Statement explains how we have complied with the Governance Framework. It also meets the requirements of Regulation 6 of the Accounts and Audit Regulations 2015 in relation to the publication of the statement of internal control.

 

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