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Financial information

We are required to prepare a Statement of Accounts which presents a true and fair view of the financial position and transactions of the council. 

We do this by complying to the 'Code of Practice on Local Authority Accounting' which specifies the principles and practices of accounting required.

What is the purpose of the Statement of Accounts? 

The purpose of a local authority's published Statement of Accounts is to give clear information about the authority's finances, such as:

  • What did the authority's services cost in the year of account?
  • Where did the money come from?
  • What were the authority's assets and liabilities at the year-end?

Accounts 2022/23

If you need to view these documents in a different format, please contact us.

Accounts 2021/22

RFO notice; Council unable to publish audited 2021/22 accounts 30 November 2022

Annual Financial Report 2021/22 (Unaudited)

RFO declaration of unaudited accounts

Notice of Public Rights

Draft Annual Governance Statement

If you need to view the above documents in a different format, please contact us.

Accounts 2020/21

Annual Financial Report 2020/21

Notice of conclusion of audit

Accounts 2019/20

Annual Financial Report 2019/20

Notice of Conclusion of Audit

Accounts 2018/2019

Annual Financial Report (year ending 31 March 2019)

Notice of Conclusion of Audit

Accounts 2017/18

Annual Financial Report (year ending 31 March 2018)

Notice of Conclusion of Audit

Historical Accounts

Financial Year 2016/17

Financial Year 2015/16

Financial Year 2014/15

Further information

The accounts are available for inspection by residents of the Borough and are advertised in the local press each year before the audit is carried out.

Copies of the Statement of Accounts are available for inspection at Council's offices once the audit is complete. 

We are keen to continue to improve the presentation of our Accounts so please let us know if you have any suggestions.

If you would like information presented in an alternative format, such as large print or another language, please contact us.

Email: accountancyteam@waverley.gov.uk
Tel: 01483 523253.

We recognise that local authority accounts are complex and that not all readers will have the time to study the level of detail that we are required to publish. Therefore, we have prepared an 'easy-to-follow' summaries of the annual financial reports. These should give a good understanding of the Council's financial activity in the year.

Download our Summary Accounts

You can download Summary Accounts for the last seven years.

Summary of Accounts 21/22 (coming soon)

Summary of Accounts 20/21

Summary of Accounts 19/20

Summary of Accounts 18/19 

Summary of Accounts 17/18

Summary of Accounts 16/17

Summary of Accounts 15/16

Summary of Accounts 14/15

We are keen to continue to improve the presentation of our Accounts so please let us know if you have any suggestions.

Alternative format

If you would like information presented in an alternative format, such as large print or another language, please contact us.

Email: accountancyteam@waverley.gov.uk
Tel: 01483 523253.

All of us need to plan our spending and match it against our income and Waverley Borough Council is no different.

Each February, we set our budget for the following financial year. The budget is constructed over a period of a few months and takes into account many factors including service demands, political objectives, cost pressures, income opportunities and funding constraints.

What is the Budget Book?

We are responsible for lots of vital services. These services are grouped and presented as a formal budget collected together in our Budget Book. The Budget Book shows where Waverley plans to spend its money and collect its income.

The council agrees its aims, objectives and priorities for the year and these help shape the budget considerations.

Budget Book 2022/23

 

Draft 2023/24 Budget

Waverley Borough Council’s proposed budget has been published. It sets out how we will continue to deliver quality and vital services over the next three financial years through this unpredictable time amid a cost-of-living crisis, while also delivering on our corporate priorities. 
The proposals also include a significant increase in spending to ensure the Borough remains a place that people want to live in, work and visit.
Following the extraordinary national inflation rate, which currently sits at 10.5%, the growing cost-of-living crisis driven by high energy costs, and the continued impact of the pandemic, this remains a very challenging time for virtually all local authorities up and down the country.

Despite the unprecedented inflationary pressures we have proposed a balanced budget for 2023/24 which includes some additional savings and income resulting from some underway programmes. There remains an unresolved funding gap of £5.1m over the next four years.

We are legally obliged to set a balanced budget and the budget includes proposed measures intended to ensure there is a strong financial foundation in place over the coming years during such an unpredictable time, minimising the use of reserves to address short term inflation and protect services.

Council tax proposal

The Government has allowed councils greater flexibility in how they set their council tax. As a result, in 2023/24 we are proposing a 2.99% general increase for the council’s element of council tax. This will mean an increase of £0.11 per week for those in a Band D property.

Find out more

No final decisions on the proposals have been made, and prior to being discussed and debated at Full Council on 21 February, they will be scrutinised by various groups.

More information about the budget proposals, including a link to all the associated papers, can be found the Overview and Scrutiny Committee reports pack.