2011/2012 audited annual accounts - Falkirk Council
2011/2012 audited annual accounts - Falkirk Council
2011/2012 audited annual accounts - Falkirk Council
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FALKIRK COUNCIL<br />
NOTES TO THE GROUP ACCOUNTS<br />
8(a). Amounts Reported for Resource Allocation Decisions <strong>2011</strong>/12<br />
The analysis of income and expenditure by service on the face of the Group Comprehensive Income and Expenditure Statement is that specified by BVACOP. However, decisions about resource<br />
allocation are taken by the <strong>Council</strong> on the basis of budget reports analysed across Service portfolios. These reports are prepared on a different basis from the accounting policies used in the financial<br />
statements. In particular,<br />
• the cost of retirement benefits is based on cashflows (payment of employer’s pensions contributions) rather than current service cost of benefits accrued in the year.<br />
The income and expenditure of the <strong>Council</strong>’s principal portfolios recorded in the budget reports for the year is as follows:-<br />
Development Community<br />
Corporate<br />
& N'hood Miscell. Joint Trading<br />
Other<br />
Portfolio Income and Expenditure Education Social Work Services Services Services Services Boards Accounts HRA Costs Total<br />
<strong>2011</strong>/12 £’000 £’000 £’000 £’000 £’000 £’000 £’000 £’000 £’000 £’000 £’000<br />
Income (8,170) (32,410) (18,429) (1,624) (66,896) (4,985) - (42,512) (52,305) - (227,331)<br />
Total Income (8,170) (32,410) (18,429) (1,624) (66,896) (4,985) - (42,512) (52,305) - (227,331)<br />
Employee Expenses 99,438 38,511 15,790 2,427 17,156 4,049 - 17,130 6,268 - 200,769<br />
Property Expenses 12,653 2,499 3,999 1,164 2,330 188 - 357 23,736 - 46,926<br />
Transport Expenses 3,047 1,096 685 39 8,071 - - 3,991 32 - 16,961<br />
Supplies & Services 12,632 3,009 5,679 1,317 4,960 1,355 - 8,263 3,441 - 40,656<br />
Third Party Expenses 31,168 61,567 14,112 234 857 3,203 31,638 10,470 1,302 - 154,551<br />
Transfer Payments 712 3,329 678 - 40,951 - - - - - 45,670<br />
Support Costs 4,794 5,771 4,233 194 4,074 5,343 - 1,013 3,620 (857) 28,185<br />
Capital Charges 12,619 2,433 6,080 3,255 2,433 79 - 148 12,586 (9,308) 30,325<br />
Exceptional Item - - - - - 3,000 - - - - 3,000<br />
TOTAL EXPENDITURE 177,063 118,215 51,256 8,630 80,832 17,217 31,638 41,372 50,985 (10,165) 567,043<br />
NET EXPENDITURE 168,893 85,805 32,827 7,006 13,936 12,232 31,638 (1,140) (1,320) (10,165) 339,712<br />
Reconciliation of Portfolio Income and Expenditure to Cost of Services in Comprehensive Income and Expenditure Statement<br />
This reconciliation shows how the figures in the analysis of portfolio income and expenditure relate to the amounts included in the Comprehensive Income and Expenditure Statement.<br />
£’000<br />
Net Expenditure in the Portfolio Analysis 339,712<br />
Net expenditure of services and support services not included in the Analysis 1,310<br />
Amount of Subsidiaries consolidated on a line by line basis (84)<br />
Amounts in the Comprehensive Income and Expenditure Statement not reported to management in the Analysis 469<br />
Amounts included in the Analysis not included in the Comprehensive Income and Expenditure Statement (3,602)<br />
Cost of Services 337,805<br />
113
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