Agenda item

Consideration was given to the report of the Corporate Director, Resources which informed Members of the accounting policies to be applied in the preparation of the 2014/2015 Final Accounts and sought confirmation from the Committee that appropriate policies were being applied (for copy see file of Minutes).

Hilary Appleton informed Members that the proposed accounting policies were in line with those used in the preparation of the 2013/2014 accounts and there had been no changes to the Code which would necessitate a change for 2014/2015. It may be necessary to amend policies during the audit of accounts and authority was sought for the Corporate Director, Resources to revise the policies as necessary.

The Committee having reviewed the accounting policies Resolved:

That

i)             the policies be used in the preparation of the 2014/2015 financial statements for the Pension Fund;

ii)            the Corporate Director, Resources be authorised to revise the accounting policies as necessary and report any significant changes to the Committee.