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.