What was St Albans City and District Council worth at the end of 2009/10?

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At the end of each financial year we draw up a balance sheet that represents how much our land and buildings are worth, what is owed to us, how much we owe to others and how much cash we have.

What we are worth Net Assets	2008/2009 £'000
Value of Council houses	442,989
Value of other fixed assets and investments	71,102
Cash in bank and cash investments	18,310
Money owed to St Albans District Council and other assets	7,583
Money owed by St Albans District Council and other liabilities	(17,507)
Unused government grants	(2,273)
Pension benefits	(30,958)
Total assets less total liabilities	489,246
Property and asset reserves	511,983
Balance of premium to be written off	(618)
Call on reserves for back pay	(766)
Earmarked reserves for future projects	4,122
Working balances	5,483
Pension reserve	(30,958)
Reserves and Balances	489,246

Notes:

While the pension fund is showing a deficit of £40 million, the latest report from the actuary assesses that this will be made good by future payments into the fund.
The Council maintains working balances to meet future needs (eg planning appeals).

Cash Flow	2008/2009 £'000
Overdraft and cash in hand at 1 April 2008	498
Net Cash movements	(209)
Cash in bank and on hand on 31 March 2009	289

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