The Authority's Statement of Accounts is a publication required by law. Its prime purpose is to give Electors, Council Tax Payers, Members of the Authority and other interested parties clear information about the Mid and West Wales Fire and Rescue Authority's finances.

The Statement of Accounting Policies on pages 9 to 16 explains the principles and basis on which the Authority's Accounts have been prepared.

The Accounts for the year ended 31st March 2009 are set out on pages 18 to 48. They consist of: -

• The Income and Expenditure Account - this summarises the resources that have been generated and consumed in providing services and managing the Authority during the last year.
• The Statement of Movement on the General Fund Balance – this statement reconciles the difference between the outturn on the Income and Expenditure Account and the General Fund Balance, that is, the contributions received from the Constituent Unitary Authorities.
• The Statement of Total Recognised Gains and Losses – this records all gains and losses including those that are not recorded in the Income and Expenditure Account. It measures the increase in balance sheet net worth of the Authority.
• The Balance Sheet - this summarises the assets and liabilities of the Authority at year end and shows how the assets and liabilities are funded.
• The Cash Flow Statement - this summarises the inflows and outflows of cash with third parties.
• The Pension Fund Account – this summarises the movements relating to the Firefighters’ Pension Scheme.
• Notes supporting the above statements.