Issue - meetings

Report of the Director of Finance and Support

1.      The 2008/09 statement of accounts has been reviewed and any concerns arising that need to be brought to the attention of the Council have been indicated.

2.      Observations from Audit Committee have been considered.

3.      The revised general fund balance is noted.

4.      It is to be recommended to Council that the Director of Finance and Support, in consultation with the Portfolio holder for Finance, be authorised to make any non-material adjustments to the accounts prior to external audit.

5.      Subject to any comments arising at 1 and 2 above, Council is to be recommended to adopt the 2008/09 statement of accounts.

Councillor Perkins, as the relevant Portfolio Holder, presented the 2008/09 Statement of Accounts.  He commented that the General Fund and Housing Revenue Account reserves had stood the Council in good stead to move forward into the next financial year.  He then pointed out that this year had seen the best close-down for some considerable time and, subject to some minor adjustments, the final version would be reviewed by the Audit Committee before coming back to Cabinet in September.

RESOLVED

1.      That following a review of the 2008/09 statement of accounts, any concerns arising that need to be brought to the attention of the Council be indicated.

2.      That observations from Audit Committee be considered.

3.      That the revised general fund balance is noted.

4.      That it be recommended to Council that the Director of Finance and Support, in consultation with the Portfolio holder for Finance, be authorised to make any non-material adjustments to the accounts prior to external audit.

5.      That Council be recommended to adopt the 2008/09 statement of accounts.