Agenda item

The Committee considered a report of the Corporate Director, Resources regarding whether the Council should be considered as a ‘going concern’ organisation and whether the Council’s Annual Accounts should be prepared on that basis (for copy see file of Minutes).

The Finance Manager - Strategic Finance explained that the current position showed healthy balance sheets and reserves.  She added that future savings were challenging however robust processes were in place.

Resolved:

That the Council should be considered as a going concern and that the Statement of Accounts should be prepared on that basis.