Agenda item

The Committee considered a report of the Corporate Director of Resources which sought approval of the Statement of Accounts for the Council for the financial year ended 31 March 2019 (for copy see file of Minutes).

The Finance Manager – Strategic Finance reported that this was the second stage of the process that included the Pension Fund accounts.  A small number of changes had been made since the June 2019 meeting and the significant errors had been reported by Mazars including improving the quality of the tables and adding more text when more explanation was required.  There was a major change regarding the pension liability however this did not impact on the revenue position. The outturn position as reported when presenting the draft accounts had remained the same.  General reserves were at £25 million, earmarked reserves at £226 million and Pension Fund assets at £31.3 million.

The Corporate Director of Resources thanked the team for preparing the accounts and for their approach to external audit.

Resolved:

That the Statement of Accounts for the Council for the financial year ended 31 March 2019, be approved.