2011/2012 audited annual accounts - Falkirk Council

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13. FUTURE DEVELOPMENTS FALKIRK COUNCIL The Council’s revenue budget strategy will continue to reflect the priorities set out in the Council’s Corporate Plan and the Strategic Community Plan which was approved by the Council in December 2010. The grant settlement includes continued funding of £0.6m to address the threat of flooding and whilst this funding is not ring-fenced, the Council has been able to retain this money within the Development Services budget. The Revenue Budget also includes a continuation of resources to deliver key government policies and programmes specified in the 2011 Spending Review such as maintaining teacher numbers, freezing council tax and maintaining the grant for the Police Service. In addition to the above, the Scottish Government has continued provision for a new Change Fund which will provide bridging finance to facilitate shifts in the balance of care from institutional to primary and community settings. The fund will be distributed through NHS boards and the spending of these resources will be overseen by a local partnership governance arrangement on the basis of local change plans which are agreed between NHS Boards, local government and the third/independent sectors. The allocation to the Falkirk partnership for the years 2012/13 to 2014/15 is £2.154m/£2.154m/£1.885m in each of the three years respectively. The Scottish Government has also introduced the Early Years Change Fund to finance a shift towards a preventative model of service delivery. Falkirk Council’s allocations for the years 2012/13 to 2014/15 are £0.622m/£1.093m/£1.558m. In recognition of the need for ongoing efficiency savings, a below inflation increase in government grant and additional cost pressures of £9.9m, the Council’s budget strategy required all areas of expenditure and income to be subject to detailed scrutiny. This included: • A contribution of £3.4m from reserves • Savings of £6.6m identified across all Services whilst minimising the impact on Service delivery The Council will also continue to focus on a strategic approach to the generation of efficiencies which aims to prioritise efficiencies that minimise the impact on services provided. To this end, a corporate working group has been established to further develop the Council’s approach to medium term financial planning. Notwithstanding the above, the 2012/13 budget includes funding for a number of priority areas including: • Tackling the unacceptable level of unemployment amongst young people (£0.690m) • Falkirk Employability award (£0.160m) • Employment of 3 additional Welfare Advice staff (£0.100m) • Roads Maintenance (£0.500m) • Introduction of nurture groups in Primary Schools (£0.180m) • Environmental community enhancements (£0.100m) • Parks strategy (£0.160m) • Sports initiatives for young people (£0.180m) • Net effect of introducing the Living Wage (£0.230m) The Council will approve a three year capital investment plan for all areas of service delivery. This plan will help the Council and its Services to meet Community, Corporate and Service Plan priorities and improve facilities for the Falkirk area and its community. In respect of Housing, the Council will continue to develop and monitor the Standard Development Plan, which outlines how the Council will improve its housing stock to meet the Scottish Quality Standard by 2015 and maintain that standard going forward. The 3 year investment programme also provides resources for a new build programme of 318 houses. 14. IMPACT OF ECONOMIC CLIMATE The Council is not immune from the impact of the economic downturn and has experienced a reduction in certain income streams e.g. planning applications and has encountered considerable difficulty in generating capital receipts from asset disposals while demand for services has not reduced. The Council’s investment plans for 2012/13 have anticipated an ongoing lower level of receipts from asset disposals and this will be monitored on an ongoing basis. 8
FALKIRK COUNCIL Government grant levels are set to rise at levels below the rate of inflation and all areas of expenditure and income have been subject to detailed scrutiny. The Council will continue to focus on a strategic approach to the generation of efficiencies which aims to prioritise efficiencies that minimise the impact on services provided. As mentioned above, a corporate working group has been established to further develop the Council’s approach to medium term financial planning. As mentioned above, the 2012/13 budget includes provision for circa £2.3m on priority areas which includes expenditure targeted at youth unemployment, additional resources for welfare advice staff and additional expenditure on roads maintenance. In addition, the new house building programme, also mentioned above, will contribute towards the local economy. 15. FALKIRK COMMUNITY TRUST LTD Falkirk Community Trust Limited and its trading subsidiary, Falkirk Community Trading Limited, were established by Falkirk Council on 1 July 2011 to undertake responsibility for the management and provision of sport, culture and library services. Employees were transferred to the Trust under TUPE regulations while assets such as plant, equipment and vehicles were transferred for a peppercorn consideration. The Council also lease to the Trust the properties occupied by them for a peppercorn rent. Under the funding agreement, the Council agreed to make a quarterly payment for the services provided by the Trust which for the period to March 2012 amounted to £9.4m. 16. CONCLUSION This is a satisfactory performance in the challenging circumstances outlined above and reflects well on both the efforts as well as professionalism of officers and on the Council’s financial management, scrutiny and monitoring procedures. 17. ACKNOWLEDGEMENTS I should like to record my appreciation for the efforts of my own staff in producing these Accounts timeously and to colleagues throughout the Council for their help and co-operation. Bryan Smail, CPFA MBA Chief Finance Officer 25 September 2012 9
Page 1 and 2: Annual Report & Accounts 2011/2012
Page 3 and 4: FALKIRK COUNCIL INTRODUCTION TO THE
Page 5 and 6: FALKIRK COUNCIL Supplementary Finan
Page 7 and 8: FALKIRK COUNCIL The Council’s Gen
Page 9: 8. PRINCIPAL SOURCES OF FINANCE FAL
Page 13 and 14: FALKIRK COUNCIL Activity is account
Page 15 and 16: 12. CONTINGENT LIABILITIES FALKIRK
Page 17 and 18: FALKIRK COUNCIL 15. REVENUE EXPENDI
Page 19 and 20: FALKIRK COUNCIL These two cost cate
Page 21 and 22: Post Employment Benefits FALKIRK CO
Page 23 and 24: The Council as Lessee Finance Lease
Page 25 and 26: Loans and Receivables FALKIRK COUNC
Page 27 and 28: FALKIRK COUNCIL Impairment Assets a
Page 29 and 30: FALKIRK COUNCIL Further information
Page 31 and 32: FALKIRK COUNCIL STATEMENT OF RESPON
Page 33 and 34: FALKIRK COUNCIL Principle 2 - Membe
Page 35 and 36: System of Internal Financial Contro
Page 37 and 38: FALKIRK COUNCIL FALKIRK COUNCIL ANN
Page 39 and 40: FALKIRK COUNCIL 3. Disclosure - Loc
Page 41 and 42: Surname Forename Post FALKIRK COUNC
Page 43 and 44: FALKIRK COUNCIL There were no payme
Page 45 and 46: FALKIRK COUNCIL a) Pension Rights o
Page 47 and 48: FALKIRK COUNCIL c) Pension Rights o
Page 49 and 50: FALKIRK COUNCIL COMPREHENSIVE INCOM
Page 51 and 52: FALKIRK COUNCIL CASH FLOW STATEMENT
Page 53 and 54: NOTES 1. Analysis of Other Comprehe
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FALKIRK COUNCIL 3.(a) Amounts Repor
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3(b). Amounts Reported for Resource
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4. Related Party Transactions FALKI
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FALKIRK COUNCIL NOTES TO THE CORE F
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14.(a) Property, Plant & Equipment
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15.(a) Heritage Assets FALKIRK COUN
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16. Other Capital Notes FALKIRK COU
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18. Capital Expenditure and Capital
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27.(a) Inventories An analysis of s
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28. Construction Contracts FALKIRK
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32. Grant Income FALKIRK COUNCIL NO
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33.(c)(ii) Credit risk FALKIRK COUN
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39. Housing Revenue Account Disclos
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41. Council Tax Account Disclosures
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44. Common Good Funds FALKIRK COUNC
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FALKIRK COUNCIL GROUP BALANCE SHEET
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FALKIRK COUNCIL GROUP MOVEMENT IN R
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1. Group Accounting Policies FALKIR
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FALKIRK COUNCIL NOTES TO THE GROUP
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8(b). Amounts Reported for Resource
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FALKIRK COUNCIL GLOSSARY OF TERMS W
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FALKIRK COUNCIL 29. Transport Costs
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Matters on which I am required to r
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2011/2012 audited annual accounts - Falkirk Council

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