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2011/2012 audited annual accounts - Falkirk Council

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40. <strong>Council</strong> Tax Income Account<br />

FALKIRK COUNCIL<br />

NOTES TO THE CORE FINANCIAL STATEMENTS<br />

This account shows all the income raised from <strong>Council</strong> Tax. Owners or tenants of domestic properties (with some exceptions) are<br />

liable for a banded charge depending on the value of each property. There is a scheme under which those on low incomes are entitled<br />

to <strong>Council</strong> Tax Benefit.<br />

2010/11 2010/11 <strong>2011</strong>/12 <strong>2011</strong>/12<br />

£’000 £’000 EXPENDITURE £’000 £’000<br />

1,592 Exemptions 1,589<br />

6,191 Discounts 6,319<br />

8,777 <strong>Council</strong> Tax Benefit 8,817<br />

(8,899) (122) Less: Government Subsidy (8,970) (153)<br />

70 Relief (Persons with a Disability) 68<br />

191 Prior Year Adjustments 129<br />

957 Provisions Against Bad and Doubtful Debts 1,050<br />

8,879 TOTAL EXPENDITURE 9,002<br />

68,522<br />

INCOME<br />

Gross <strong>Council</strong> Tax Levied 69,043<br />

68,522 TOTAL INCOME 69,043<br />

59,643 SURPLUS FOR YEAR 60,041<br />

59,643<br />

APPROPRIATED AS FOLLOWS<br />

General Fund 60,041<br />

96

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