Worcestershire County Council Financial Performance
Activity
Council Finance Overview
Information around how the council is
financed, our medium term strategy and budget book, current and
past statements of accounts, and payments over £500. The Council's
services are financed from a number of sources, including:
- Government grants
- Council Tax
- Fees and charges
- Rent
The council's financial year runs from 1 April
to 31 March. Each February the council agrees a budget
based on its estimates of income and expenditure and sets the
level of tax required for the coming financial year.
For more information on the aims and values of
the Financial Services in Worcestershire County Council, please
click on the relevant link:
BOLD
Our transformation programme BOLD, (Better Outcomes, Lean
Delivery), has already taken great strides in beginning the
transformation of the Council and continues to guide our progress.
Initially focussed on standardising, streamlining and sharing our
services and resources, BOLD has consistently sought to reduce
every pound spent on back-office functions as this is a pound that
cannot be used to deliver front-line services.
BOLD ensures that savings and efficiencies are
delivered before service reductions are considered. One of its
greatest successes is that two thirds of our budget reduction
targets are being delivered by savings and efficiencies, with less
than one third delivered by cutting services. However, the depth of
transformation required for us to become truly fit for our new
purpose goes beyond budgetary issues and will involve a fundamental
culture change. BOLD is looking to address the challenges that we
face on our journey to becoming an excellent commissioning council
and a more agile, flexible and responsive organisation. For more
information on BOLD, please click here - http://www.worcestershire.gov.uk/cms/bold.aspx
2010/11 Financial Activity
The Council produces an annual Statement of Accounts after the
end of each financial year. The accounts go through a rigorous and
independent external audit process before being approved by the
Audit and Governance Committee.
Approval of the Statement of Accounts is the responsibility of
the full County Council. The Council’s independently appointed
External Auditor is currently the Audit Commission.
The Statement of Accounts comprises Worcestershire County
Council’s accounts and the Worcestershire County Council Pension
Fund accounts. Money Matters are reports written by Financial
Services and presented to Cabinet meetings. The link below lists
the total payments to commercial suppliers with a value over £500.
Publication of these lists forms part of the Council's commitment
to be open and transparent with its residents.
For more information, please click on relevant
links:
If you would like to know more about the type
of business conducted with these suppliers please email financequeries@worcestershire.gov.uk
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LG Inform
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which allows you to access, compare and share data and
reports.
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This page was last reviewed 4 December 2012 at 15:40.
The page is next due for review 2 June 2014.