Archived decisions


10c	Fixed assets held at 31 March				2006		2007

	Land
	Total land holding (acres)			16,790			16,803
	Buildings
	Area of all buildings (million sq. metres)				2		2
	Floor area of net usable office space				56		57
	(000s sq.metres)
	Number of buildings
	Early Years Centres				3		3
	Primary schools				433		430
	Secondary schools				71		71
	Special schools				27		26
	Education centre schools				7		7
	Activity centres				5		5
	Print works				1		1
	Stores warehouses				2		2
	Central and area offices				61		61
	Waste disposal sites and recycling centres				28		28
	Libraries				54		54
	Museums				19		19
	Countryside sites				83		83
	Record office				1		1
	Arts centres				4		4
	Residential homes - Adult Services				42		43
	Residential homes - Children's Services				12		12
	Day centres - Adult Services				23		23
	Day centres - Children's Services				9		8
	County road length (km)			8,543			8,538
	Vehicles and plant
	Hampshire Transport Management				52		28



	Community assets not accounted for in the balance sheet comprise: Museum
	exhibits, pieces of art, historic records held by Hampshire Record Office,
	and historic monuments.


















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11	Capital financing

	Capital spending on fixed assets and deferred charges totalled £173.2 million
	(£184.8 million in 2005/06). It was financed as follows:
					2005/06		2006/07
					£'000		£'000

	Capital receipts			-10,720		-24,228
	Grants and other income			-85,077		-71,056
	Loans			-53,411		-56,244
	Revenue
	- Main contribution			-30,660		-17,861
	- Reserves			-4,892		-3,836


				-184,760		-173,225

	Commitments for major contracts entered into up to 31 March 2007
	are estimated at £32 million (£55 million in 2005/06). This comprises
	£6 million (£5 million in 2005/06) for highways and £26 million
	(£50 million in 2005/06) for buildings.


12	Long-term debtors

							31 March
					2006		2007
					£'000		£'000

	Car loans to staff				805		712
	Home Computer Salary Sacrifice Scheme				451		569
	Transferred debt			45,369			43,404
	Other				342		320

				46,967			45,005

	Transferred debt represents amounts of capital advances due to be repaid
	after statutory transfers of former services to independent bodies.
	£40.5 million remains to be repaid by the cities of Portsmouth and Southampton,
	£0.1 million by the Higher Education Funding Council, and £2.8 million by the
	Hampshire Police Authority.














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13	Stocks and work in progress
							31 March
					2006		2007
					£'000		£'000
	Stocks
	Catering stock				277		292
	County Supplies general				948		1,190
	Recreation and Heritage sales stocks				314		285
	Other (including landfill allowances)				252		279

				1,791			2,046
	Work in progress
	Highway rechargeable works				942		796
	Other				43		52

					985		848

	Total stocks and work in progress			2,776			2,894

	Closing stock valuations have been assessed using the latest
	purchase price. This does not accord with the Statement of
	Standard Accounting Practice (SSAP) 9 - stocks and long term
	contracts which requires stock to be valued
	at the lower of the original purchase price and current value but the
	differences in the valuations are not material.

14	Debtors						31 March
					2006		2007
					£'000		£'000

	Government departments			8,911			10,122
	Other local authorities			8,690			8,288
	Sundry debtors			31,247			47,032

				48,848			65,442

15	Short-term investments

	Surplus cash balances are lent to borrowers on the County Council's approved
	list. The main reason for the high level of short-term investments in 2006/07
	is the pooling of surplus Hampshire Pension Fund and Hampshire Police Authority
	cash for treasury management purposes and the and the value of the sums lent
	by those bodies to the County Council.













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16	Cash in hand						31 March
					2006		2007
					£'000		£'000
	The balance shown comprises:
	- Schools' local bank accounts			5,256			5,141
	- Petty cash				860		827

				6,116			5,968

	Schools' local bank accounts include the balances held by 19 schools (21 in
	2005/06) which have elected to have separate bank accounts. Petty cash
	consists of 814 imprest accounts (821 in 2005/06) for minor day-to-day
	expenses which are held by establishments, including schools across the
	whole county.

17	Deposits
							31 March
					2006		2007
					£'000		£'000

	NHS nursing care contribution			-4,432			-1,200
	Other capital deposits and unapplied contributions			-2,253			-2,000
	Other				-839		-510

				-7,524			-3,710

18	Creditors
							31 March
					2006		2007
					£'000		£'000

	HM Revenue and Customs and Government departments			-27,594		-32,175
	Other local authorities			-6,574		-16,601
	Sundry creditors			-86,765		-80,659

				-120,933		-129,435

	The County Council's policy is to pay business creditors within 30 days
	of the date shown on the invoice.


19	Receipts in advance						31 March
					2006		2007
					£'000		£'000

	Education Standards Fund and devolved capital grants			-24,848		-18,945
	Other receipts and contributions			-14,299		-21,042

				-39,147		-39,987






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20	Borrowing repayable within one year						31 March
					2006		2007
					£'000		£'000

	Long-term borrowing repayable within one year			-8,000		-8,000
	Temporary deposits by Hampshire Pension Fund,			-87,242		-68,765
	Hampshire Police Authority, and Hampshire Fire
	and Rescue Authority.
	Other short-term borrowing			-5,088		-8,568

				-100,330		-85,333

21	Cash overdrawn

	This is the ledger balance of the main bank account and is almost entirely
	represented by payments drawn but not presented at the bank by the end
	of the year. The actual bank balance is managed on a daily basis to very
	modest limits, usually less than £100,000.


22	Long-term borrowing
							Outstanding 31 March
	Range of interest	Source of loan			2006		2007
	rates payable				£'000		£'000

	3.8%-9.875%	Public Works Loan Board		-231,000		-233,000
	2.7%-5%	Lender's option/borrower's		-56,000		-64,000
		option loans

				-287,000		-297,000
	An analysis of loans by maturity is:

	Maturing between one and two years			-8,000		-4,000
	Maturing between two and five years			-12,000		-13,000
	Maturing between five and 10 years			-32,000		-35,000
	Maturing between 10 and 25 years			-147,000		-153,000
	Maturing in 25 or more years			-88,000		-92,000

				-287,000		-297,000


23	Developers' contributions

	Developers' contributions arise mainly as a result of agreements under
	Section 278 of the Highways Act 1980. If a development derives special
	benefit from highway works, developers can be required to
	contribute towards the costs.







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