Financial Management

Spending per head analysis 2018/19

The following table illustrates the expenditure and funding per head of population.

Spending & Core Resources per head of population £
Net Spend 95.27
Funded by:  
Revenue Support Grant 4.04
Non-Domestic Rates 29.19
Collection Fund adjustments -1.54
Council Tax 63.59

Statement of Accounts

Every council is required by law to publish an annual Statement of Accounts. The Statement of Accounts contains our final accounts for the year and gives financial information on all the services provided by the council during the year as well as our financial position at the year-end. 

The pre audit 2018/19 Statement of Accounts was published on this site on 31 May 2019.

The external audit of the draft statement of accounts for Stevenage Borough Council for the year ended 31 March 2019 has not yet been completed by our external auditors, EY LLP due to EY’s resourcing pressures.

This situation is allowed for by Regulation 10, paragraph (2a) of the Accounts and Audit Regulations 2015.

Therefore this notification explains, as per paragraph (2a), that we are not yet able to publish our audited 2018/19 final statement of accounts as per paragraph (1). The Audit and Statement of Accounts Committees are expected to consider the results of the 2018/19 audit on 27 November 2019 before the publication of the final audited accounts.
 

If you would like a copy of the document please contact Clare Fletcher on 01438 242933 or e-mail clare.fletcher@stevenage.gov.uk.

Annual financial report summary

The Annual Financial Report provides details of the Councils' current financial position and it's performance during 2008/09. It also shows what is spent on council services and how this expenditure is funded by providing extracts from the Statement of Accounts.

Annual audit letter

The Annual Audit letter is an impartial and objective report by the Audit Commission on how the Council is performing and conducting its business. It is widely distributed to the public, members and internally within the Council and is an important means by which the public may learn about the Council's stewardship of public funds.

It therefore has significant implications for Stevenage Borough Council. The letter summarises the more important matters arising from the Audit and also comments on other current issues.

If you would like a copy of the document please contact Matt Partridge on 01438 242456 or e-mail matthew.partridge@stevenage.gov.uk.

Medium Term Financial Strategy (MTFS)

The Council’s Medium Term Financial Strategy 2018-19. This document provides a guide to the Council's finances and gives information for the period commencing with the financial years 2018 - 2023.

Budget Book

Treasury Management Strategy

Capital Strategy

This document sets out the Council's proposals for the 17/18 Capital forward plan and 5 year Capital Strategy. A revised Asset Management Strategy was approved in March 2011, which will influence the direction of future capital strategies. 

Risk Management Strategy

The Council will ensure that risk identification, assessment and management is a routine part of decision-making, in much the same way that consideration is given to budget availability or staffing resource.