SUMMARY OF ACCOUNTS 2013/14
How we spend your money
O
ne of Ealing Council’s priorities
is to deliver value for money for
our residents. This is a four-page
summary of the council’s accounts
for the financial year ending 31 March 2014.
It presents all income and expenditure across
this period as well as the council’s assets and
liabilities at the end of the year.
It is presented in a way to provide information
for residents on where the council’s money is
spent, on where the money comes from and
what the council owes and is owed in a more
straightforward way than the full 107-page version
of the statutory Statement of Accounts 2013/14.
However, if you would like to view the full version,
you can do so online at www.ealing.gov.uk
Councillor Yvonne Johnson, cabinet member
for finance and performance, said: “Despite the
tough economic climate, the council maintained its
financial strength, which puts us in a good position
for the challenges ahead, including the continued
uncertainty around local authority funding.
“The council’s general fund balance, its financial
safety net, remains at £15.4million, in line with the
target set in the medium term financial strategy.
There is a small increase because of an underspend
of £25,000 on the agreed budget of £275.3million.
This is the tenth consecutive year of spending
within budget, showing that tax-payers’ money is
being managed carefully and responsibly.
“Indeed, thanks to this prudent financial
management the council has been able to freeze
council tax for a sixth successive year.”
The council’s income and expenditure account
(shown on these pages), includes all expenditure
on the day-to-day running of the council,
including salaries, utilities, interest on borrowing,
waste and recycling contract payments as well as
income from specific government grants, council
tax and from fees and charges.
The council’s detailed statement of accounts
was prepared in accordance with accounting
codes of practice in the manner required.
50
around ealing
Autumn 2014
Ealing Council’s income and expenditure account
Year ended 31 March 2014
Income and
expenditure account
Expenditure
2013/14
£’000
Income
2013/14
£’000
Net
spend
2013/14
£’000
Budget
2013/14
£’000
Children and adults
265,004
(136,459)
128,545
128,545
Regeneration and
housing
63,258
(50,682)
12,576
12,634
Environment and
customer services
77,601
(49,806)
27,795
27,926
Corporate resources and
chief executive