2011/2012 audited annual accounts - Falkirk Council

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FALKIRK COUNCIL GROUP MOVEMENT IN RESERVES STATEMENT – 2010/11 Usable Reserves Unusable Reserves Total General Usable Financial Fund Capital Reserves Total AccumuInstru- Unusable Total Balance Capital Grants of Other Group Capital latedments Reserves Group Total (excl HRA Receipts Unapplied Other Group Usable Adjustment Revaluation Pension Absences Adjust. of Group Unusable Group HRA) Balance Reserves Account Reserves Entities Reserves Account Reserve Reserve Account Account Entities Reserves Reserves £’000 £’000 £’000 £’000 £’000 £’000 £’000 £’000 £’000 £’000 £’000 £’000 £’000 £’000 £’000 2g. Adjustments involving the Accumulated Absences Account Net transfer to or from earmarked reserves required by legislation 368 - - - - (71) 297 - - - (368) - 71 (297) - 2h. Other Adjustments Adjustment between CAA and Revaluation Reserve for depreciation that is related to the revaluation balance rather than Historic Cost - - - - - - 4,028 (4,028) - - - - - - Total (22,434) 40,826 (3,840) - (100) (18,143) (3,691) (58,056) (4,028) 47,668 (368) 332 18,143 3,691 - 3. Analysis of transfers to/from Other Statutory Reserves Transfer to Insurance Fund (665) - - - 665 - - - - - - - - - - Transfer from Repairs and Renewals Fund (715) - - - 715 - - - - - - - - - - Other Transfers 1,521 - (1,521) - - - - - - - - - - - - Total 141 - (1,521) - 1,380 - - - - - - - - - - 110
1. Group Accounting Policies FALKIRK COUNCIL NOTES TO THE GROUP ACCOUNTS The group accounting policies are those specified for the single entity financial statements. The accounting policies of all group members are materially the same as those of the single entity. 2. Analysis of Resources (Group Entities) Total Fire and Falkirk Communit Common Falkirk 2010/11 Rescue Police Valuation y Stadium Good Communit Total Board Board Board Ltd Funds y Trust Ltd 2011/12 £’000 Accumulated Absences £’000 £’000 £’000 £’000 £’000 £’000 £’000 (569) Account (95) (199) (13) - - - (307) 458 Other Usable Reserves 389 52 - - - - 441 (273,008) Pensions Reserve Employee Statutory Adjustment Account (67,635) (231,667) (2,247) - - - (301,549) (10,066) (Injury Benefits) (3,347) (7,445) - - - - (10,792) 3,423 Share Capital - - - 3,423 - - 3,423 2,793 Revaluation Reserve Capital Adjustment 1,153 1,028 - - - 264 2,445 17,621 Account 5,345 12,061 8 - 207 - 17,621 471 Capital Receipts Reserve 300 148 - - - - 448 (1,485) Revenue Account Surplus 911 1,017 213 (3,999) 869 355 (634) (260,362) (62,979) (225,005) (2,039) (576) 1,076 619 (288,904) The total Pensions Liability relating to Central Scotland Joint Fire and Rescue Board is £135.722m, as per the latest valuation. The total Pensions Liability relating to Central Scotland Joint Police Board is £462.498m, as per the latest valuation. 3. Disclosure of Interest in Other Entities The Council has adopted the recommendations of Chapter 9 of the Code, which requires local authorities to consider their interest in all types of entity to incorporate into Group Accounts. A full set of Group Accounts, in addition to the Council’s Accounts has been prepared which incorporates material balances from identified associates. The Financial Statements in the Group Accounts have been prepared in accordance with the Accounting Policies set out in the Accounting Policies on pages 10 to 29. 4. Group Entities For the purpose of consolidation and incorporation within the Group Accounts, the Council has two Subsidiaries Company (Falkirk Community Stadium Ltd and Falkirk Community Trust Ltd) and three Associates (Central Scotland Joint Fire & Rescue Board, Central Scotland Joint Police Board and Central Scotland Joint Valuation Board). Central Scotland Joint Fire and Rescue Board This Board is jointly administered by the Councils of Clackmannanshire, Falkirk and Stirling and provides fire and rescue services to the constituent authorities. The accounting period is to 31 March. Falkirk Council is requisitioned for 52.3% of expenditure, based on adjusted population. The accounts are available on the Board’s website (www.centralscotlandfire.gov.uk). Central Scotland Joint Police Board This Board is jointly administered by the Councils of Clackmannanshire, Falkirk and Stirling and provides police services to the constituent authorities. The accounting period is to 31 March. Falkirk Council is requisitioned for 51.7% of expenditure, based on Grant Aided Expenditure. The accounts are available on the Board’s website (www.centralscotland.police.uk). Central Scotland Joint Valuation Board This Board is jointly administered by the Councils of Clackmannanshire, Falkirk and Stirling and appoints an Assessor for the valuation area who also acts as Electoral Registration Officer. The accounting period is to 31 March. Falkirk Council is requisitioned for 49.2% of expenditure, based on adjusted population. The accounts are available from Clackmannanshire Council. 111
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Annual Report & Accounts 2011/2012
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FALKIRK COUNCIL INTRODUCTION TO THE
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FALKIRK COUNCIL Supplementary Finan
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FALKIRK COUNCIL The Council’s Gen
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8. PRINCIPAL SOURCES OF FINANCE FAL
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FALKIRK COUNCIL Government grant le
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FALKIRK COUNCIL Activity is account
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12. CONTINGENT LIABILITIES FALKIRK
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FALKIRK COUNCIL 15. REVENUE EXPENDI
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FALKIRK COUNCIL These two cost cate
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Post Employment Benefits FALKIRK CO
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The Council as Lessee Finance Lease
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Loans and Receivables FALKIRK COUNC
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FALKIRK COUNCIL Impairment Assets a
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FALKIRK COUNCIL Further information
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FALKIRK COUNCIL STATEMENT OF RESPON
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FALKIRK COUNCIL Principle 2 - Membe
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System of Internal Financial Contro
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FALKIRK COUNCIL FALKIRK COUNCIL ANN
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FALKIRK COUNCIL 3. Disclosure - Loc
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Surname Forename Post FALKIRK COUNC
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FALKIRK COUNCIL There were no payme
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FALKIRK COUNCIL a) Pension Rights o
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FALKIRK COUNCIL c) Pension Rights o
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FALKIRK COUNCIL COMPREHENSIVE INCOM
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FALKIRK COUNCIL CASH FLOW STATEMENT
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NOTES 1. Analysis of Other Comprehe
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2h. Other Adjustments Adjustment be
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NOTES 1. Analysis of Other Comprehe
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2h. Other Adjustments Adjustment be
Page 61 and 62: FALKIRK COUNCIL 3.(a) Amounts Repor
Page 63 and 64: 3(b). Amounts Reported for Resource
Page 65 and 66: 4. Related Party Transactions FALKI
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Page 75 and 76: 14.(a) Property, Plant & Equipment
Page 77 and 78: 15.(a) Heritage Assets FALKIRK COUN
Page 79 and 80: 16. Other Capital Notes FALKIRK COU
Page 81 and 82: 18. Capital Expenditure and Capital
Page 85 and 86: 27.(a) Inventories An analysis of s
Page 87 and 88: 28. Construction Contracts FALKIRK
Page 89 and 90: 32. Grant Income FALKIRK COUNCIL NO
Page 93 and 94: 33.(c)(ii) Credit risk FALKIRK COUN
Page 97 and 98: 39. Housing Revenue Account Disclos
Page 99 and 100: 41. Council Tax Account Disclosures
Page 101 and 102: 44. Common Good Funds FALKIRK COUNC
Page 103 and 104: FALKIRK COUNCIL GROUP BALANCE SHEET
Page 105 and 106: FALKIRK COUNCIL GROUP MOVEMENT IN R
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Page 115 and 116: FALKIRK COUNCIL NOTES TO THE GROUP
Page 117 and 118: 8(b). Amounts Reported for Resource
Page 119 and 120: FALKIRK COUNCIL GLOSSARY OF TERMS W
Page 121 and 122: FALKIRK COUNCIL 29. Transport Costs
Page 123: Matters on which I am required to r
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2011/2012 audited annual accounts - Falkirk Council

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