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Financial Performance Activity

Worcestershire County Council Financial Performance Activity

Financial Reporting

Council Finance Overview

Information around how the council is financed, our medium term strategy and budget book, current and past statements of accounts, and payments over £500. The Council's services are financed from a number of sources, including:

  • Government grants
  • Council Tax
  • Fees and charges
  • Rent

The council's financial year runs from 1 April to 31 March.  Each February the council agrees a budget based on its estimates of income and expenditure and sets the level of tax required for the coming financial year. Financial Service's philosophy concentrates on serving customers, promoting excellent stewardship of public money and supporting the Council's objectives.

For more information on the aims and values of the Financial Services in Worcestershire County Council, please click on the relevant link:

BOLD

Our transformation programme BOLD, (Better Outcomes, Lean Delivery), is the County Council's response to the national financial deficit. The Public Sector nationally has to make significant savings as part of the Coalition Government's target to reduce national debt. Here in Worcestershire we are not immune, with £60-70 million needed to be saved from our core revenue budget by over the next four years. The BOLD programme was launched back in 2009 and the County Council has already made headway towards achieving this target in a way which minimises the impact on those services residents most value.

However, the depth of transformation required for us to become truly fit for our new purpose goes beyond budgetary issues and will involve a fundamental culture change. BOLD is looking to address the challenges that we face on our journey to becoming an excellent commissioning council and a more agile, flexible and responsive organisation. For more information on BOLD, please click here - http://www.worcestershire.gov.uk/cms/bold.aspx

2011/12 Financial Activity

The Council produces an annual Statement of Accounts after the end of each financial year. The accounts go through a rigorous and independent external audit process before being approved by the Audit and Governance Committee. The Statement of Accounts comprises Worcestershire County Council’s accounts and the Worcestershire County Council Pension Fund accounts.

For more information, please click on the links below:

The link below lists the total payments to commercial suppliers with a value over £500. Publication of these lists forms part of the Council's commitment to be open and transparent with its residents. 

Finance Reports are presented to Cabinet on a regular basis. Recent reports are available at the link below:

If you would like to know more about the type of business conducted with these suppliers please email financequeries@worcestershire.gov.uk

Further Information

In this section

More Information

See also in our website

External websites

  • LG Inform
    Local Government Association service which allows you to access, compare and share data and reports.
  • Communities and Local Government
    Helping to create a free, fair and responsible Big Society by putting power in the hands of citizens, neighbourhoods and councils. 


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This page was last reviewed 31 January 2014 at 12:29.
The page is next due for review 30 July 2015.