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Agenda item

Draft Statement of Accounts for the year ended 31 March 2021

Minutes:

The Committee considered a report of the Corporate Director of Resources (Interim) which presented the Statement of Accounts for the year ended 31 March 2021 (for copy see file of Minutes).

 

The Finance Manager - Revenues, Pensions and Technical Accounting reported that as a consequence of Covid-19 the deadlines associated with the draft Statement of Accounts had been extended to 31 July 2021, and the deadline for publication of its final, audited accounts was 30 September 2021.  She explained the key points as set out within the report relating to the four core statements, the movement in the general reserves, earmarked reserves and the Pension Fund net assets.  The draft Statement of Accounts was available for inspection by the public from 1 July 2021 until 11 August 2021 and the external audit process had already begun with no major issues raised or expected at this stage. 

 

Accordingly, it was expected that the final statement of accounts for 2020/21 would be presented for approval at the Audit Committee meeting planned for September 2021.

 

The Corporate Director of Resources (Interim) placed on record his thanks to the Finance and other teams plus the Risk teams for pulling together the draft accounts and supporting statement in such a challenging time.

 

Resolved:

That the Draft Statement of Accounts for the County Council for the financial year ended 31 March 2021 be noted.

 

Supporting documents:

 

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