Statement of Accounts 0607 audit amendments

SOUTH STAFFORDSHIRECOUNCILSTATEMENT OF ACCOUNTS2006/07South Staffordshire CouncilStatement of Accounts 2006/2007Table of ContentsPagesDescription From ToExplanatory Foreword 1 5Statement of Accounting Policies 6 8The Statement of Responsibilities for the Statement of 9 9AccountsThe Accounting StatementsThe Income and Expenditure Account 10 10The Statement of Movement on the General Fund 11 11BalancesThe Statement of Total Recognised Gains and Losses 12 12The Balance Sheet 13 13The Cash Flow Statement 14 15Notes to the Core Financial Statements 16 29The Collection Fund 30 32The Statement on Internal Control 33 37The Audit Certificate from the Audit Commission 38 39Glossary of terms 40 45EXPLANATORY FOREWORDExplanatory ForewordThe foreword is intended to give a brief explanation of the overall financial aspects of theCouncil's activities and to draw attention to the main characteristics of the Council'sfinancial position.1. Introduction to the AccountsThe Accounts set out in this document have been produced in accordance with thestatutory provisions and codes of practice which apply to local authorities. TheStatements required for 2006/07 are substantially different to those Statements requiredto be produced in 2005/06 and earlier years. The new statements disaggregate the oldConsolidated Revenue account and the old Statement of Total Movement on Reserves toproduce a set of statements each with a single objective.The Core Accounting ...