Council Financial Documents
Copies of the Council's current financial documents are available to view and download at the right-hand side of this page. Below is a summary of each of the documents.
Council Tax Financial Information
Information on the Council’s budget and Council tax requirement for the financial year 2017/18 can be found in our Council Tax leaflet.
You can also find information on the 2017/18 budget and spending requirements for the West Midlands Police and Crime Commissioner, the West Midlands Fire and Rescue Authority and the Transport for West Midlands (TfWM), the transport arm of the West Midlands Combined Authority, and how these affect the council tax you pay.
Medium Term Financial Strategy and Efficiency Plan 2017/18 - 2019/20
The Medium Term Financial Strategy and Efficiency Plan sets out the Council's approach to medium term financial planning. It is designed to help provide a stable financial base from which to deliver the Council's priorities, to move towards a more strategic longer term planning approach and to set a sound financial planning framework for the Council.
Solihull Council’s Efficiency Plan for the four years from 2016/17 to 2019/20 was first approved by Full Cabinet on 11 August 2016. The latest version of the plan is represented by the updated Medium Term Financial Strategy and Efficiency Plan and the Council Plan.
The updated MTFS also incorporates the Council’s strategy on the flexible use of capital receipts, which sets out how the Council could use any capital receipts from the sale of property, plant or equipment assets to fund the costs of service reform. At this stage the strategy does not identify any projects for which this flexibility could be used, but any changes to this position during the year will require the approval of Full Council.
View the full strategy as approved by Members and the summarised Medium Term Financial Strategy, incorporating details of the 2017/18 budget.
The Accounting Statement
The Council’s Accounting Statement for 2016/17 was approved by the Council’s Governance Committee on Monday 31 July 2017. This document includes our external auditors Grant Thornton independent audit report and all of the Council's financial statements, including the Comprehensive Income and Expenditure Statement for the financial year and the Balance Sheet as at the 31 March 2017.
Grant Thornton concluded the 2016/17 audit on 26 September 2017 and have issued the Audit Certificate.
The Annual Governance Statement
The Council’s Annual Governance Statement for 2016/17 was approved by the Council’s Governance Committee on Thursday 22 June 2017
The preparation and publication of an Annual Governance Statement (AGS) is a statutory requirement. The AGS is the formal statement that recognises, records and publishes the Council’s governance arrangements. It is an open and honest self-assessment of Solihull Metropolitan Borough Council’s (SMBC) performance across all of its activities, with a clear statement of the actions being taken or required to address areas of concern.
Quarterly Financial Monitoring Reports
The Council's quarterly financial monitoring reports for both revenue and capital can be accessed through the Cabinet Meeting Agendas for individual Cabinets. These are normally presented at a meeting two months following the end of the quarter.