Financial Services Information
The Annual Audit Letter for the whole Council can
be accessed at Annual Audit and
Inspection Letter. (pdf 261kb)
Publications
The following publications are available to the
public and can be obtained via the links listed below.
Budget Book 2006/2007 (pdf
8.13MB)
Budget Book 2007/2008 (pdf
1.69MB)
Budget Book 2008/2009 (pdf
1.32MB)
Members_Allowances_2005/2006
(xls 37kb)
Statement of Accounts 2005/2006 (pdf MB)
Summary
of Accounts 2006/2007 (pdf 8.9MB)
Statement of Accounts 2006/2007 (pdf 99kb)
Unaudited
Statement of Accounts 2007/2008 (pdf 643kb)
Treasury
Management Strategy (pdf 73kb)
Medium Term Financial Strategy (pdf
87kb)
Appendices for Medium Term Financial
Strategy (xls 22kb)
Summary of Accounts 2006/2007 -
Survey
We have published a summary of our accounts for
2006/2007 and we would appreciate it if you could spare us a few
moments of your time to complete our brief survey.
Summary
of Accounts 2006/2007 Survey
Please complete our brief
survey and email back to finance@bassetlaw.gov.uk
As your views are important to us, your
contribution to this survey will help us to ensure that the
information we publish is clear, concise and easy to understand –
Thank you for your help.
Accountancy
The main purpose of the Accountancy Unit is to
provide a comprehensive, high quality accounting service for all
the activities of the Council. This includes co-ordination
and compilation of the overall Budget, together with regular
monitoring of the budget and subsequently producing the statutory
annual Statement of Accounts.
The Unit also has responsibility for the
following functions:
- VAT accounting including monthly claims to
Customs & Excise;
- Treasury Management activities to manage
the Council’s cash flow, funding and capital market
transactions;
- Capital Accounting including financing
capital expenditure and arranging for leasing facilities for
capital purchases of vehicles, plant and equipment;
Exchequer
The work undertaken by the Exchequer unit
consists predominantly of payroll, creditors, insurance, banking,
risk management and concessionary travel (Strategic). Here
are some facts and figures :
- The Payroll unit currently pays over
900 employees monthly
- Creditors issue over 18,000 cheques per
year for goods and services. In 2002/03 93.25% of invoices
for goods and services were paid within 30 days of
receipt.
- Insurance costs approximately £0.5m per
year and includes cover for buildings and contents, vehicles,
public and employee liability.
- Our Banking unit reconciles income
received into all our bank accounts as well as cash received at all
three cash offices and six Leisure facilities.
- Corporate risk management is a developing
theme within the Council. Our main focus comes from the Risk
Management Group.
- Travel Concessions (Strategic) is a role we provide whereby we
link into the County Council's county
wide scheme.
Internal Audit
Internal audit is an assurance function that
primarily provides an independent and objective opinion to the
Council on the degree to which the internal control environment
supports and promotes the achievement of the organisations
objectives.
Internal Audit objectively examines, evaluates
and reports on the adequacy of the control environment as a
contribution to the proper, economic, efficient and effective use
of resources. What we do
- Conduct reviews of systems throughout the
Council and report findings to Management.
- Operate to professional standards detailed
in the "Code of Practice" for Internal Audit in the United Kingdom
and have formal Terms of Reference endorsed by the
Council.
- Promote the Anti-Fraud Strategy as a measure to deter, detect
and deal with fraud. Visit the Anti-Fraud Strategy
- Investigate irregularities
- Advise management on financial controls
and security issues
- Contribute to effective Risk
Management
- Contribute to effective Corporate
Governance.
For a further and comprehensive details of our
service please take time to look at our Service Delivery Plan.(pdf
273KB)