Issue - meetings

Report of the Executive Director for Corporate Services detailing an update of the audit and finalisation of the 2021/22 Statement of Accounts.

The Committee considered the report of the Executive Director Corporate Services detailing the Statement of Accounts 2021/22 and an update on the latest position.

It was noted that the draft statement of accounts for 2021/22 for the Council were presented to the Governance Committee at its meeting on 26 September 2022. At that time the audit of the statement was substantially completed and the Committee approved the statement of accounts, however in recognition that some final audit work was still needed accepted the recommendation that “the Executive Director for Finance, Commercialisation & S151 Officer, after consultation with the Chair of the Committee, could make any further minor changes to the Statement of Accounts 2021/22 that may arise during completion of the audit.” Since September, the audit had been unable to be completed, largely due to accounting issues beyond the control of the authority.

RESOLVED:

(i)  That the update on the Statement of Accounts 2021/22 be noted.

(ii)  That the rationale for not correcting the audit difference relating to investment properties in paras 7 and 8 be approved.

(iii)  that the Executive Director Corporate Services, after consultation with the Chair of the Committee, be authorised to make any further minor changes to the Statement of Accounts 2021/22, including any technical accounting adjustments that have no impact on the 2021/22 General Fund or HRA outturn position, that may arise during completion of the audit.