Joint Report of the Corporate Director of Resources / Treasurer to the Joint Committee and the Corporate Director of Regeneration and Local Services.
The Joint Committee considered a Joint Report of the Corporate Director of Resources / Treasurer to the Joint Committee and the Corporate Director of Regeneration and Local Services which sought approval of the Joint Committees Return, with the report also including details of the financial outturn position against approved budgets for 2017/18 (for copy see file of minutes).
The Principal Accountant referred Members to the financial outturn position for 2017/18, advising that the final outturn position was broadly in line with the provisional outturn position, with only minor changes across a number of budget levels at the final outturn. Details of significant variances were contained within the report and duly noted. Members were reminded that in terms of capital works, some works had carried over into the next financial year, as set out at paragraph 9 of the report. The report also included details of the updated position in terms of reserves and balances held and it was added that the Major Capital Works reserve was maintained in line with agreed policy.
With reference to the Joint Return, it was highlighted that this was a statutory return and once agreed and signed by the Chairman, Treasurer and Clerk it would be submitted to the Joint Committee’s External Auditors accordingly. Members were also asked to note the balance sheet was attached at Appendix 2 of the report, with a correction to the table as printed in the report, with a typographical error in terms of net assets that should have read 410, not 605 in the 31 March 2018 column, noting totals were not affected, nor were figures in the Joint Return.
(i) That the revenue and capital outturn position as at 31 March 2018, including the year-end position with regards reserves and balances of the Joint Committee, together with the Balance Sheet as at 31 March 2018 be noted.
(ii) That Section 1 - Annual Governance Statement 2017/18 of the Joint Committees Annual Return for the financial year ended 31 March 2018 be approved.
(iii) That Section 2 - Accounting Statements 2017/18 of the Joint Committees Annual Return for the financial year ended 31 March 2018 be approved.
(iv) That the Chairman, Treasurer and Clerk sign the Joint Committees Annual Return for the financial year ended 31 March 2018.