Issue - meetings

To consider report 91/10 of the Head of Finance. 

The committee considered report 91/10 of the head of finance.  This set out the 2009/10 accounts, restated in the format of the new international financial reporting standards.  Although the council did not have to adhere to the new standards until 2010/11, preparing the 2009/10 financial statements in the new format would provide a base for future work.  The committee thanked the council’s officers for this. 

In answer to a question, the officers agreed to check the figures in appendix H of the restated accounts. 

RESOLVED

(a)               To authorise the section 151 officer, in consultation with the committee chair, to carry out detailed final checking of the restated statement of accounts; and

(b)       To approve the restated 2009/10 statement of accounts in line with the new international financial reporting standards and to submit the accounts to the Audit Commission for checking against the methodology.