Issue - meetings

Report of the Director of Finance and Support

2.1 Cabinet reviewed the changes to the revised 2008/09 statement of accounts and indicate whether there are any concerns arising that need to be brought to the attention of the Council.

2.2 Cabinet considered any observations from the Audit Committee

2.3 Cabinet recommended to Council that the Director of Finance, in consultation with the Portfolio holder for Finance, be authorised to make any non-material adjustments to the accounts prior to publication of the accounts.

That subject to any comments arising at 2.1 and 2.2 above that Council be recommended to adopt the 2008/09 statement of accounts.

Councillor Perkins as the relevant Portfolio Holder submitted a report that presented the 2008-9 Statement of Accounts to Cabinet and commented that there had been no material changes since the statement was presented to Cabinet and Council in June.  Councillor Perkins made reference to the KPMG report appended and commented that the Use of Resources criteria were harder this year and the Council had maintained a score of 2 which in reality represented an improvement.  He also acknowledged that there were areas where improvements were still needed and that action was being taken in this respect.

Councillor Woods in referring to the KPMG report noted their statement “that the authority continues to make improvements and scores 2 across all KLOES”.

The Director of Finance and Support noted that the Audit Committee had made no significant comments on this report and that the Use of Resources scores were still subject to verification by the Audit Commission in October but no changes were expected.

RECOMMENDED:   (1)   That Council be informed that the Cabinet does not wish to raise any concerns in respect of the revised 2008-9 Statement of Accounts.

(2)   That the Director of Finance in consultation with the Portfolio Holder for Finance be authorised to make any non-material adjustments to the accounts prior to their publication.

(3)   That the 2008-9 Statement of Accounts be adopted.

RESOLVED:         That the position of the Audit Committee be noted.