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Statement of Accounts

Inspection of Accounts

The Statement of Accounts is one of the key financial documents produced by both Councils and provides a detailed overview of both Council’s income and expenditure during the financial year and records the assets and liabilities as at the year end.

2016/2017
Suffolk Coastal District Council Statement of Accounts
Suffolk Coastal District Council audit of accounts - Notice of conclusion of audit
Waveney District Council Statement of Accounts
Waveney District Council audit of accounts - Notice of conclusion of audit

The accounts are prepared in accordance with the Code of Practice on Local Authority Accounting in the United Kingdom issued by the Chartered Institute of Public Finance and Accountancy (CIPFA).

Since 2010/11 local government accounts have been prepared and presented in compliance with the International Financial Reporting Standards (IFRS).

The Council’s Chief Finance Officer is required to sign off the accounts by no later than 30 June. Once audited, the accounts will be presented for approval by no later than 30 September to:

  • Full Council at Suffolk Coastal District Council; and
  • Audit & Governance Committee at Waveney District Council

The overall document is made up of four core statements:

  • Expenditure and Funding Analysis
  • Comprehensive Income and Expenditure Statement
  • Movement in reserves
  • Balance sheet
  • Cash flow

Along with three supplementary statements:

  • Responsibilities for the Statement of Accounts
  • Collection fund income and expenditure account
  • Housing Revenue Account (Waveney District Council only)

Inspecting the accounts

By law, both Councils have to make their accounts available to Council Tax payers for inspection for a period of 30 working days. For the 2016/17 accounts this was from 6 June 2017 to 17 July 2017 inclusive.

Annual Governance Statement

The Council has approved and adopted a Code of Corporate Governance, which is consistent with the principles of the CIPFA/SOLACE joint framework Delivering Good Governance in Local Government.

Since 2007/08 the Statement of Accounts has included an Annual Governance Statement which explains how the Council has complied with the code and also meets the requirements of regulations in relation to the publication of a statement on internal control. Under the rules that apply to the Statement of Accounts, the Annual Governance Statement does not have to be finally approved until 30 September.

2016/17
Suffolk Coastal District Council Annual Governance Statement Waveney District Council Annual Governance Statement
2015/16
Suffolk Coastal District Council Annual Governance Statement Waveney District Council Annual Governance Statement

Statement of Accounts for previous years

Suffolk Coastal District Council Statement of Accounts Archive Waveney District Council Statement of Accounts Archive

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