Summary Accounts 2015-16

Introduction

Overview of the Council's spending during the past financial year.

These summary accounts are not subject to audit. They are derived from the 2015-16 statement of accounts (SOA) which runs to 137 pages. The full accounts are available on our Council budgets and spending page.

The income and expenditure statement shows a deficit of £85.3m in 2015-16. However this deficit disappears if the revaluation of assets is taken out. The actual spend chargeable against Council Tax was £400.0m, which was £0.8m under budget.

We invested £70.4m in capital projects across the district during the year.

At 31 March 2016 the Council had £19.9m of corporate reserves available to support future spending.

The Council’s net financial worth (assets less liabilities) is -£42.2m. This may look quite low but it includes £700m of pension liabilities that will have to be paid out in future years. We plan to recover this deficit over the next 20 years.

One community school converted to an academy in 2015-16. As the Council no longer has influence over this school, the conversion is treated in the SOA as an asset disposal for no payment. This led to a reduction of £7.3m in the value of property, plant and equipment shown on the balance sheet as at 31 March 2016.

Service Analysis 2015-16

All Services £million
Employee expenses 555.3
Other service expenses 674.8
Capital charges 95.5
Total expenditure 1,325.6
Fees, charges and other service income -168.3
Government grants and contributions -726.6
Total income -894.9
Net expenditure 430.7
West Yorkshire Integrated Transport Authority 23.9
Other non-service adjustments -1.5
Cost of services per income and expenditure 453.1

The tables below show the sub-totals for council services.

Education and Children's Services

Service income and expenditure 2015-16  £million
Employee expenses 379.7
Other service expenses 206.3
Capital charges 55.0
Total expenditure 641.0
Fees, charges and other service income -37.2
Government grants and contributions -478.2
Total income -515.4
Net expenditure 125.6

Adult and Community Services

Service income and expenditure 2015-16  £million
Employee expenses 38.7
Other service expenses 143.1
Capital charges 1.0
Total expenditure 182.8
Fees, charges and other service income -30.5
Government grants and contributions -24.6
Total income -55.1
Net expenditure 127.7

Regeneration and Culture

Service income and expenditure 2015-16  £million
Employee expenses 41.1
Other service expenses 48.1
Capital charges 26.5
Total expenditure 115.7
Fees, charges and other service income -47.2
Government grants and contributions -2.9
Total income -50.1
Net expenditure 65.6

Environment and Sport

Service income and expenditure 2015-16  £million
Employee expenses 54.4
Other service expenses 42.2
Capital charges 9.2
Total expenditure 105.8
Fees, charges and other service income -40.1
Government grants and contributions -2.0
Total income -42.1
Net expenditure 63.7

Public Health

Service income and expenditure 2015-16  £million
Employee expenses 2.6
Other service expenses 39.3
Capital charges 0.0
Total expenditure 41.9
Fees, charges and other service income -2.1
Government grants and contributions -39.7
Total income -41.8
Net expenditure 0.1

Revenues and Benefits

Service income and expenditure 2015-16 £million
Employee expenses 10.8
Other service expenses 176.3
Capital charges 1.0
Total expenditure 188.1
Fees, charges and other service income -3.6
Government grants and contributions -179.0
Total income -182.6
Net expenditure 5.5

Central, corporate and non-service

Service income and expenditure 2015-16  £million
Employee expenses 28.0
Other service expenses 19.3
Capital charges 2.8
Total expenditure 50.1
Fees, charges and other service income -7.5
Government grants and contributions -0.3
Total income -7.8
Net expenditure 42.3

Comprehensive Income and Expenditure Analysis

Income and Expenditure 2015-16

Description Net Expenditure £million
Education and Children's services 150.2
Adult Social Care 124.2
Highway and Transport Services 47.4
Environment and Regulatory Services 43.8
Cultural and related services 29.0
Housing Services 22.7
Planning and Development services 21.3
Corporate and Democratic Core 8.7
Central services to the public 1.5
Public Health 0.8
Non-distributed costs 3.5
Exceptional Items 0.0
Cost of services 453.1
Other Operating Expenditure (Note 8a) 6.5
Financing and investment income and expenditure (Note 8b) 62.6
Taxation and non-specific grant income (Note 8c) -436.9
Surplus (-)/Deficit on provision of services 85.3
Surplus (-)/Deficit on revaluation of non-current assets 8.7
Re-measurement of pension net defined benefit/liability -68.4
Other Comprehensive Income and Expenditure -59.7
Total Comprehensive Income and Expenditure 25.6

General Fund 2015-16

Description Net Expenditure £million
Total Comprehensive Income and Expenditure 25.6
Reverse out Other Comprehensive Income and Expenditure 59.7
Reverse out capital transactions not charged to the General Fund -31.5
Reverse out other transactions not charged to the General Fund -37.5
Sub-total 16.3
Transfers to/(from) revenue reserves -11.8
Total 4.5
Balance brought forward 1 April 49.1
Deficit for the year -4.5
General Fund 31 March 2016 44.6

Balance Sheet and Cash Flow

Balance Sheet

Description £million
Property, plant and equipment 1,063.9
Heritage assets 36.3
Investment property 45.7
Intangible assets 1.5
Long term debtors 1.4
Long term assets 1,148.8
   
Short term investments 7.2
Assets held for sale 0.7
Inventories 2.2
Short term debtors 77.1
Cash and cash equivalents 74.0
Current assets 161.2
   
Cash and cash equivalents -3.5
Short term borrowing -29.5
Short term creditors -91.0
Provisions -9.4
Current liabilities -133.4
   
Provisions -13.3
Long term borrowing -306.1
Other long term liabilities -891.3
Deferred income 0.0
Capital grants receipts in advance -8.1
Long term liabilities -1,218.8
   
Net assets -42.2
   
Cash reserves -202.3
Non-cash reserves 244.5
Total reserves 42.2
   

Cash Flow Statement

Description £million
Net (surplus) or deficit on provision of services (see I&E) 85.3
Reverse out non-cash movements -178.3
Reverse out investing and financing transactions shown elsewhere 44.6
Include interest and dividends received and paid 35.5
Net cash flows from operating activities -12.9
Investing activities -30.7
Financing activities 68.0
Net (increase) or decrease in cash and cash equivalents 24.4
   
Balance sheet movement  
Cash and cash equivalents at beginning of reporting period 94.9
Cash and cash equivalents at end of reporting period 70.5
Net (increase) or decrease in cash and cash equivalents 24.4

Capital Summary 2015-16

Capital Expenditure

Description £million
Children's and Young People  
Primary Schools Expansion Programme 7.3
Capital Maintenance Grant 5.8
Schools direct revenue funding 3.4
Targeted Basic Needs 3.3
Devolved Formula Capital 1.6
Property and Economic Development  
Property Programme 8.8
City Centre Growth Zone 6.6
Tyrls 1.6
Highways and Transport  
Capital Highways Maintenance 4.6
Local Pinch Point Fund 1.9
Climate, Housing, Employment & Skills  
Disabled Housing Facilities Grant 3.3
New Affordable Housing 3.3
Temporary Housing - Clergy Hse/Jermyn Ct 1.1
Carbon and other efficiencies 1.1
Environment and Sport  
Vehicle replacement 1.7
Other 15.0
Total 70.4

Capital Financing

Description £million
Government and other grants 40.0
Borrowing paid back in future years 18.0
Revenue contributions/ revenue reserves 6.7
Receipts from sale of land and buildings 5.1
Other finance leases 0.6
Total 70.4

The Collection Fund

The council is responsible for collecting council tax within Bradford on behalf of itself, the police and the fire service. This is done via a separate ringfenced account called the Collection Fund.

The Council also collects business rates. It retains a 49% share of these, with the remaining amounts going to central government and the fire service.

At the end of 2015/16 the Council's share of the Collection Fund had a deficit of £9.1m, which will have to be recovered in future years.

Contingent Liabilities/Assets

The balance sheet includes creditors and provisions for cases where the Council is reasonably sure that it will have to meet particular costs in the future. However there are other cases where there is uncertainty over whether the Council may or may not have to pay out future costs, or receive income. These cases are called contingent liabilities, or contingent assets in the case of receiving income.

They are described in the statement of accounts but the Council does not have to set aside any money to cover them so long as they are still uncertain.

At 31 March 2016, the Council's contingent liabilities included an agreement to guarantee the pension funds of various outside bodies. Contingent assets included an outstanding claim with HM Revenue and Customs.

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Council Switchboard : 01274 432111

Council Address : Britannia House, Hall Ings, Bradford BD1 1HX


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