Archived decisions

16

Stocks and work in progress

31 March

2007

2008

£'000

£'000

Stocks

Catering stock

292

369

County Supplies general

1,190

1,245

Recreation and Heritage sales stocks

285

249

Other (including landfill allowances)

279

315

2,046

2,178

Work in progress

Highway rechargeable works

796

1,134

Other

52

50

848

1,184

Total stocks and work in progress

2,894

3,362

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.

17

Cash in hand

31 March

2007

2008

£'000

£'000

The balance shown comprises:

- Schools' local bank accounts

5,141

5,218

- Petty cash

827

854

5,968

6,072

Schools' local bank accounts include the balances held by 19 schools (19 in 2006/07)

which have elected to have separate bank accounts. Petty cash includes 822

imprest accounts (814 in 2006/07) for minor day-to-day expenses which are

held by establishments, including schools across the whole county.

18

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.

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