Medium term financial strategy
Our medium term financial strategy covers the financial years 2018/19 to 2020/21 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
- Support the growth of our economy and
- Secure better service, quality of life and value for money
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:
- Council accounts 2017/18
- Council accounts 2016/17
- Council accounts 2015/16
- Council accounts 2014/15
- Council accounts 2013/14
Audit update September 2018
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.