draft statement of accounts 2008 audit revisions published–

Redditch Borough Council Statement of Accounts 2008/09 CONTENTS Page number Explanatory Foreword 2 A brief explanation of the financial aspects of the Council’s activities Statement of Accounting Policies 6 A summary of the accounting policies followed in the preparation of The Statement of Accounts CORE FINANCIAL STATEMENTS Income and Expenditure Account 11 This statement reports the net cost of all the functions for which the Council is responsible and shows how it has been financed from Government grants and income from tax payers Statement of Movement on General Fund 11 Balance A summary of the differences between the outturn on the Income and Expenditure Account and the General Fund Balance Statement of Total Recognised Gains and Losses 13 This statement brings together all the gains and losses of the Council for the year and shows the aggregate change in its net worth. The Balance Sheet 14 The Balance Sheet shows the balances and reserves and long-term indebtedness, and the fixed and current assets employed in the Council’s operations, together with summarised information on the fixed assets held. The Cash Flow Statement 15 A summary of cash inflows and outflows arising from transactions with third parties for revenue and capital purposes. NOTES TO CORE FINANCIAL STATEMENTS 16 These notes explain in more detail the individual items shown in the Core Financial ...