Issue - meetings

This Committee approved the draft 2007/08 Statement of Accounts at its meeting on 30 June 2008.  Since then, the External Auditor has been conducting her audit. 

Under the closedown arrangements the statutory deadline for completing the Audit is 30 September 2008.  The Audit has been completed and the accounts have been finalised by the inclusion of the Auditor's signed audit report, including her opinion and certificate. 

A copy of the Statement of Accounts as now amended is attached and needs to be approved by this Committee. 

Recommendation

that the amended 2007/08 Statement of Accounts be approved. 

The Committee recalled that it had approved the draft 2007/08 Statement of Accounts at its meeting on 30 June 2008.  Since then, the External Auditor had been conducting an audit of the accounts.  Under the closedown arrangements, the statutory deadline for completing the audit was 30 September 2008.  The Committee noted that the audit had been completed and the accounts finalised by the inclusion of the Auditor's signed audit report, including her opinion and certificate.  Members’ approval was sought on the amended Statement of Accounts. 

It was reported that the only significant change to the accounts that appeared before Members in June was the removal of a double-counted receipt from non-domestic rates creditors.  The External Auditors were content with the correction.  The Accountancy Manager reported that she was happy with the audit undertaken by and the support she had received from the External Auditors. 

RESOLVED

that the amended 2007/08 Statement of Accounts be approved.