Issue - meetings

Report of Section 151 Officer reporting that the Draft Financial Statements have been signed by the S151 Officer and will be approved by Governance Committee once audited, attached.

The Committee considered the report of the Section 151 Officer detailing the Draft Financial Statements for 2016/17.  In accordance with the Accounts and Audit Regulations 2015 the Financial Statements 2016/17 were signed by the Section 151 Officer on 22^nd May 2017 which was earlier than the statutory requirement to have statements signed by 30^th June. 

The Committee noted that the Annual Audit carried out by the City Council’s Auditors Ernst Young commenced on 5^th June 2017 and would be due to be completed by 14^th July 2017.  Any major changes to the Financial Statements arising from the annual audit will be reported to the 24^th July 2017 Governance Committee following completion of the audit.

RESOLVED:

(i)  That the Draft Financial Statements 2016/17 that have been signed by the Section 151 Officer be noted; and

(ii)  That the approval of the audited Financial Statements 2016/17 by the Governance Committee would take place on 24^th July 2017 be noted.