Financial Management

Spending per head analysis 2019/20

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

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.

2020/21 Statement of Accounts

The exercise of public rights on the accounts for Stevenage Borough Council for the year ended 31 March 2021 has not commenced by 30 September 2021. In accordance with Regulation 15(1A) of the Accounts and Audit Regulations 2015 (as amended) the Council will commence the exercise of public rights on the accounts for the financial year ended 31 March 2021 as soon as reasonably practicable.

This is due to the external audit of the Council’s financial statements for the financial year ended 31 March 2020 not been concluded which has led to a delay in the production of the Council’s 2020/21 accounts.

• Accounts and Audit Regulations 2015

The amending regulations can be found via the links below:

• The Accounts and Audit (Amendment) Regulations 2021
• The Accounts and Audit (Amendment) Regulations 2021 (legislation.gov.uk)

The external audit of the draft statement of accounts for the year ended 31 March 2021 has not yet been completed by our external auditors, EY LLP, due to the audit being rescheduled. 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 2020/21 final statement of accounts in line with deadline of 30th September 2021, as per paragraph (1). The Governance & Assurance Committee will consider the results of the 2020/21 audit, after which we will publish the final audited accounts.

2019/20 Audit

The external audit of the draft Statement of Accounts for the year ended 31 March 2020 has not yet been completed by our external auditors, EY LLP, due to incomplete audit testing. This situation is allowed for by Regulation 10, paragraph (2a) of the Accounts and Audit Regulations 2015. The draft statement of accounts (pre audit) are published below:

2019/20 Accounts and Notices

2018/19 Accounts and Notices

2017/18 Accounts and Notices

2016/17 Accounts and Notices

2015/16 Accounts and Notices

2014/15 Accounts and Notices

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

Medium Term Financial Strategy (MTFS) and Capital Strategy

The Council’s Medium Term Financial Strategy and Capital Strategy are reviewed annually. This document provides a guide to the Council's finances and gives information for the next five years.

You can find the latest version in our report to Executive.

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.

Whistleblowing Policy