Agenda item

The Committee considered a report of the Corporate Director of Resources that provided Members with the Final Accounts Timetable for 2014/15 detailing the deadlines for key actions to complete the Statement of Accounts in line with statutory deadlines (for copy see file of Minutes).

The Assistant Finance Manager, Corporate Finance highlighted key dates in the working document and advised that the 2017/18 process was changing and would be signed off in July.  He assured the Committee that work was ongoing with External Audit to ensure the accounts were accurate and that this year would be treat as a dry run.

Ms Larkin-Bramley asked if the improvements recommended at paragraph 14 would be taken on board and actioned.  The Assistant Finance Manager, Corporate Finance advised that the balance sheet reconciliation is carried out on a monthly basis.  Internal Audit are in the process of testing the robustness of audit papers and the team would be able to react to anything that they recommended.  He advised of the changes to the teams dealing with finance that had reduced the risk of being able to prepare the accounts on time.  The benefit had been seen over the last couple of years.

Resolved:-

That the report be noted.