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Agenda item

Consideration of 'Going Concern Status' for the Statement of Accounts for the year ended 31 March 2018

Minutes:

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.

 

 

Supporting documents:

 

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