Medium term financial strategy
Our medium term financial strategy covers the financial years 2016/17 to 2019/20 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:
- To keep children and young people safe and give them a great start in life
- Enable residents to live safe, healthy and independent lives
- Invest in projects to improve roads, create jobs and build more homes
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 September. At the same meeting our external auditors submit their report on the audit of the accounts (annual governance statement).
You can download the annual statement of accounts and other detailed financial out-turn information including the annual governance statement for previous financial years: