Minutes:
The Finance Manager, Jo McMahon gave a verbal update on the Pension Fund Annual Report and Accounts.
She explained that the Council had met their statutory deadline in having the accounts prepared and signed off by the Corporate Director of Resources by 31 May 2023, one of only three Local Authorities in the North-East.
She added that, however, External Audit had indicated that they would not be able to meet their deadline of the end of September in terms of signing off the accounts. She explained it had been a national issue, and the Council’s External Auditor had noted they would report back to the Council’s Audit Committee at a Special meeting scheduled for 30 October 2023. The Finance Manager reiterated that the Council had met its statutory deadlines and that the deadline to publish for the Pension Fund would be 1 December, with an item on the Annual Report to be considered at the Annual Pension Fund meeting in November.
The Committee thanked the Finance Manager and the Team for all their hard work in this regard.
Resolved:
That the verbal update be noted.