Finance

The aim of our finance service to deliver value-for-money services. Services include budget setting and monitoring, council tax base setting, insurance, etc

The Financial Strategy

The Medium Term Financial Plan outlines the financial needs and requirements of the Council over the next five years. The strategy is to deliver a balanced budget over the medium term whilst

providing Members with options to respond to the ongoing and increasing financial challenges within the local government sector. The key themes to the strategy can be summarised as:

a) Challenging existing costs estimates and assumed "unavoidable" cost increases;

b) Ensuring clear service priorities that demonstrably align with corporate strategy and plans;

c) Maximising operational efficiency through transformation of services and ways of working;

d) Taking a more commercial approach and increasing income yield by 5% per year;

e) Increasing the income yield from financial investments as part of a prudent treasury management approach;

f) Investing in property, energy and new services to generate additional income that can be reinvested to maintain and improve services to our community.

 


Value for Money

Financial Resilience Report 2012-13

Annual Statement of Accounts

The Statement of Accounts is the statutory summary of the council's financial affairs for the financial year and is prepared in accordance with the 'Code of Practice on Local Authority Accounting in the United Kingdom'.  The purpose of our statement of accounts is to give clear information on the overall finances of the council.

  
Notice of Conclusion of Audit 2017-18
 
Statement of Accounts 2017/18 - Annual Governance Statement 2017/18
Statement of Accounts 2016/17
Statement of Accounts 2015/16 - Audit Certificate 2015-16
Statement of Accounts 2014/15 - Audit Certificate 2014-15
Statement of Accounts 2013/14 - Audit Certificate 2013-14
Statement of Accounts 2012/13
Statement of Accounts 2011/12
Statement of Accounts 2010/11
Statement of Accounts 2009/10
Statement of Accounts 2008/9
Statement of Accounts 2007/8

Summary of Accounts

Summary of Accounts 2017/18
Summary of Accounts 2016/17
Summary of Accounts 2015/16
Summary of Accounts 2014/15
Summary of Accounts 2013/14

For more information, please contact us.


 External Audit - Notice Of Appointment Of Auditor From 2018/19

Under Section 8(2) of the Local Audit and Accountability Act 2014, the Council must publish a notice relating to the appointment of its local auditor.

For audits of accounts from 1 April 2018, Public Sector Audit Appointments Limited (PSAA) is responsible for appointing an auditor to principal local government and police bodies that have chosen to opt into its national auditor appointment arrangements. South Somerset District Council opted into this arrangement.

On 14 December 2017, the PSAA Board approved the appointment of Grant Thornton (UK) LLP to audit the accounts of South Somerset District Council for a period of five years, covering the accounts from 1 April 2018 to 31 March 2023.  This appointment is made under Regulation 13 of the Local Audit (Appointing Person) Regulations 2015.  If you have any queries please contact accountancy@southsomerset.gov.uk