Financial targets are set for all the areas of activity that are undertaken by the County Council.

Day-to-day expenditure and income are referred to as Revenue.

Investment in assets is referred to as Capital.

Elected members approve all budgets of the Authority and throughout the year monitoring of expenditure and income is undertaken to ensure that spending remains under control.

At the year-end, the Director of Finance & IT reports to members the financial performance of the authority, relative to budget targets set by members. From the financial outturn, the County’s annual Statement of Accounts is produced.

The following pages contain relevant documents.

Also on devon.gov.uk

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