06 January 2009The Council's Statement of Accounts is prepared in accordance with the Code of Practice on Local Authority Accounting in the United Kingdom. This webpage provides a summary of that statutory information.
Statement of accounts 2007/8
View a full copy of the Council's audited Statement of Accounts for 2007/8 (
PDF File 319KB file details). The Accounts were scrutinised by independent auditors acting on behalf of the Central Government body, the Audit Commission. View the report on the 2007/8 audit ( PDF File 140KB file details).
Summary of the Council's Statement of Accounts
Please see below for a summary of the Council's Statement of Accounts for the year April 2007 to March 2008. It sets out where the money came from to finance these costs and the amount to be met from the General Revenue Reserve.
Of the £67.1 million Council Tax collected by Sevenoaks District Council, we retain 11.9%. The majority is paid to others and the table below shows how it is distributed.
| Authority | Money collected |
| Sevenoaks District Council | £8.0m |
| Parishes | £2.7m |
| Kent Fire & Rescue Service | £3.0m |
| Kent Police Authority | £6.0m |
| Kent County Council | £47.4m |
| Income and expenditure account | Net Exp £000 |
| Cultural Services | 6,476 |
| Environmental Services | 5,770 |
| Planning Services | 4,503 |
| Highways, Roads & Transport Services | 1 |
| Housing Services | 1,829 |
| Central Services | 979 |
| Corporate & Democratic Core | 2,196 |
| Non Distributed Costs | 1,057 |
| Net Cost of Services | 22,811 |
| Payments to Parishes | 2,697 |
| Investment Income | (1,603) |
| Appropriations & other internal accounting entries | 509 |
| Net operating expenditure | 24,414 |
| Financed by: | |
| Council Tax - Sevenoaks DC | 7,984 |
| Council Tax - Parishes | 2,697 |
| Revenue Support Grant | 885 |
| Business Rates | 5,276 |
| Total | 16,842 |
| Accounting deficit for the year | 7,572 |
| Statutory accounting adjustments | (7,496) |
| Decrease in General Fund Balance for the year | 76 |
Capital Expenditure
Capital expenditure is money spent on the purchase and enhancement of assets such as buildings, vehicles, plant and equipment. The expenditure usually results in the Council and the community being able to use net assets for more than one year.
The table below details expenditure for the year.
| £000 | |
| Environmental Services | 658 |
| Highways | 1 |
| Housing services | 907 |
| Corporate Services | 352 |
| TOTAL CAPITAL EXPENDITURE | 1,918 |
Balance Sheet
What the Council owns and is owed as at 31 March 2008.
| Balance Sheet | £000 |
| Council assets | 22,699 |
| Stock | 33 |
| Short term investments | 18,889 |
| Cash | 91 |
| Money owed to the Council | 3,518 |
| Money owed by the Council | (7,511) |
| Pension scheme liability | (27,660) |
| Total assets less liabilities | 10,059 |
| Financed by | |
| Fixed asset financing | 19,303 |
| Distributable reserves | 18,239 |
| Non-distributable reserves | 177 |
| Pension reserve | (27,660) |
| Total net worth | 10,059 |
| Distributable reserves comprises the following balances: | |
| Capital receipts | 664 |
| General Revenue Reserve | 3,589 |
| Specific earmarked capital and revenue reserves | 13,986 |
18,239 |
The General Revenue Reserve can be used to support the Council's revenue expenditure. Specific Earmarked Reserves are used to progress or enhance activities connected with the Council's key and other corporate improvement priorities.
Cash Flow
| £000 | |
| Cash in hand at 31/03/07 | 91 |
| Cash in | 132,450 |
| Cash out | (132,450) |
| Cash in hand at 31/03/08 | 91 |
Council Tax and NNDR
The Council acts as the billing authority for Council Tax and National Non-Domestic Rates (NNDR). However, the majority of the money is transferred to other organisations. The table below shows what money was received and who it was paid to.
| Income | £000 | |
| Council Tax | ||
| Billed to Council Tax payers | 62,229 |
|
| Council Tax benefits | 5,414 |
|
| Non-Domestic Rates | 28,119 |
|
| Provisions and adjustments | 900 |
|
| Total Income | 96,662 |
|
| Expenditure | ||
| Precepts and demands | ||
| Kent County Council | 47,425 |
|
| Kent Police Authority | 6,010 |
|
| Kent Fire and Rescue Service | 3,032 |
|
| Sevenoaks District Council (inc. Parishes) | 10,586 |
|
| Non-Domestic Rates | ||
| Payment to Non-Domestic Rates Pool | 28,119 |
|
| Provisions and adjustments | 1,478 |
|
| Total Expenditure | 96,650 |
|
| Surplus/(Deficit) for the year | 12 |
|
| Balance brought forward at 1 April | 461 |
|
| BALANCE CARRIED FORWARD AT 31 MARCH | 473 |
|
The Council collects income from approximately 47,000 domestic properties and 3,600 business properties.
The Council is always looking to make improvements to the layout and content of its summary statement of accounts. To tell us what you think of them, please complete our on-line feedback form.
Previous years' statement of accounts and audits
Click on the links below to view previous statement of accounts or details of the audit of accounts carried out by independent auditors acting on behalf of the Central Government body, the Audit Commission:
PDF 290K file details) PDF 89K file details) PDF 364K file details) PDF 220K file details) PDF File 1522KB file details)For more information e-mail finance@sevenoaks.gov.uk or call Adrian Rowbotham, the Council's Finance Manager on 01732 227153.
