Medium term financial strategy
Our medium term financial strategy covers the years 2021 to 2024 and demonstrates how the council will maintain financial stability, deliver efficiencies and support investment in priority services while demonstrating value for money and maintaining service quality. We plan how we will spend our money based on the priorities in the strategy. Herefordshire's key priority areas are:
- Connectivity - Connecting people digitally and physically across communities, in local neighbourhoods and to the wider world
- Wellbeing - Helping people feel safe, supported and valuing Herefordshire and their community
- Sustainability - Pride in Hereford's unique and beautiful environment and rural heritage and tackling the climate challenge through new approaches to sustainability
Annual statement of accounts
Our annual accounts for the preceding financial year are prepared in the period April to June. Under the Accounts and Audit Regulations 2015 we are required to produce a comprehensive income and expenditure statement and a balance sheet and supporting statements including a narrative statement. We are also required to produce an annual governance statement.
During the year, Cabinet receives reports on financial performance and the accounts are approved at a meeting of the audit and governance committee in July. At the same meeting our external auditors submit their report on the audit of the accounts.
You can download the annual statement of accounts and other detailed financial out-turn information including the annual governance statement for previous financial years:
- Council accounts 2019/20
- Council accounts 2018/19
- Council accounts 2017/18
- Council accounts 2016/17
- Council accounts 2015/16
- Council accounts 2014/15
We are waiting for conclusion of the external audit work before publishing the final set of 2019/20 statement of accounts.
The council's external auditors, Grant Thornton, have not formally concluded their audit and therefore have not issued an audit certificate in accordance with the requirements of the Local Audit and Accountability Act 2014 and the National Audit Office's Code of Audit Practice until they have completed their consideration of matters brought to their attention by the council. These matters will be considered further following the completion of third party work.