Statement of accounts

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Statement of accounts

Hammersmith and Fulham Council's statement of accounts and annual audit and inspection letters.

Publications produced by Corporate Finance:


2010-2011:


2009-2010:


2008-2009:


2007-2008:


2006-2007:


2005-2006:


2004-2005:


Audit Commission Annual Audit and Inspections:


Revenue Budget:


Pension Fund Accounts:


Transparency:


Who makes up the Corporate Finance Team?

Corporate Strategy and Resources Section

This section co-ordinates the setting of the Council’s revenue and capital budget and oversees the corporate budget monitoring process.

It is a source of expertise on local government finance issues and provides appropriate briefings to Members and Chief Officers as well as leading on relevant consultation responses. 

The section also ensues that appropriate financial advice is provided within Committee, and other, reports.

Local authority capital investment is now governed by the Prudential Code.  The section ensures that the Council complies with, and makes effective use of the Code.

The section recommends financial limits for the use of external contractors and ensures that contracts have been let in compliance with financial regulations.

Corporate Accountancy and Control Section

This section consists of the Corporate Accountancy Team and the Control Team.

The Corporate Accountancy Team is responsible for the provision of specialist technical accountancy advice and for ensuring that the Council complies with statutory accounting standards and practices, that include:  The Code of Practice on Local Authority Accounting in the UK, The Statement of Recommended Practice (SORP) and the Best Value Accounting Code of Practice (BVACOP)

The section is also responsible for the co-ordination and production of the Council’s Annual Statement of Accounts. 

The Government has set earlier deadlines for local authorities to finalise, prepare and publish their accounts and the section is responsible for developing strategies and procedures to ensure that these earlier deadlines will be met.

The Control Team has specific responsibility for the efficient and proper maintenance and control of the Council's bank accounts.

In addition, the team ensures that management information is as up to date, and as reliable as possible, by promptly setting up suppliers in OLAS, undertaking weekly reconciliations of petty cash, and administering the periodic payments system.

Finance IT Section

This Section is responsible for developing, implementing and supporting the Corporate Financial and Procurement Systems and for providing IT support to all staff in the Finance department.

This section consists of the Systems Support Team and the Systems Development Team.


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Page last updated: 21/12/2011