Issue - meetings

To receive the final Statement of Accounts for the year ended 31 March 2016 incorporating the Annual Governance Statement together with the annual report to those charged with governance following their scrutiny by External Audit.

To receive, consider and comment on the draft Statement of Accounts for the year ended 31 March 2016

The Service Director Financial Services introduced the report to Committee, which outlined the Draft Statement of Accounts for year ending 31 March 2016.  The Committee was also advised that there had been an amendment tabled to note 19, on page 113 of the agenda pack in relation to the Investment Properties, which have been appended to these minutes.

The Service Director Financial Services responded to Discussion comments and questions raised by Members:

·         The Section 151 Officer was required sign of the draft accounts by the end of June 2016 for auditing by Ernst and Young; the findings would be reported back to the Audit Committee meeting due to be held on 22 September 2016.  Although there had been no requirement for the accounts to be presented to the Audit Committee by the end of June for the current financial year, it was felt by the Finance department to be good practice to continue to do so;

·         Members of the public would be able to scrutinise the figures in their draft form; and

·         The heading title - non distributed costs were related to pension costs.

ACTION AGREED

The Committee:

Reviewed and commented on the Draft Statement of Accounts prior to the Chief Finance Officer’s certification by the 30 June 2016.

The Committee also agreed:

Service Director Financial Services provide would provide Members with further detail in regards to the non distributed costs outlined for pensions costs.