Building regulations - financial statement
Local Authorities are required by The Building (Local Authority Charges) Regulations 2010 to publish an annual financial statement relating to their Building Regulations Chargeable and Non-Chargeable Account. The statement must be approved by the Head of Corporate Finance as section 151 officer of Caerphilly County Borough Council.
The overriding accounting objective is that 'taking one financial year with another' the charges that an authority levies for carrying out their building regulations chargeable service 'as nearly as possible equates to the costs incurred'.