Statement of Accounts 2008-09 Audit Committee Fina

SOUTH STAFFORDSHIRECOUNCILSTATEMENT OF ACCOUNTS2008/09South Staffordshire CouncilStatement of Accounts 2008/2009Table of ContentsPagesDescription From ToExplanatory Foreword 1 6Statement of Accounting Policies 7 11The Statement of Responsibilities for the Statement of 12 12AccountsThe Accounting StatementsThe Income and Expenditure Account 13 13The Statement of Movement on the General Fund 14 14BalancesThe Statement of Total Recognised Gains and Losses 14 14The Balance Sheet 15 15The Cash Flow Statement 16 17Notes to the Core Financial Statements 18 39The Collection Fund 40 42The Audit Certificate from the Audit Commission 43 43Glossary of terms 44 49EXPLANATORY 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.The Core Accounting Statements comprise: The Income and Expenditure Account (I&E), which summarises the costs andincome relating to the Council's day to day activities. It shows the net cost of allthe services delivered by the Council. The Statement of the Movement on the General Fund Balance, shows howthe activities of the Council have been financed from government ...