Agenda item

The Committee received the Audit Completion Report of the External Auditor for Durham County Council relating to the year ended 31 March 2024 which provided a summary of audit conclusions (for copy see file of minutes).

Councillor D Sutton-Lloyd, Chair of the pension committee expressed how amazed he was at the speed at which the audited accounts had been reviewed and complete.

P Darby thanked all the External Auditors for all their hard work in completing the audit of the accounts.  He appreciated that this work was complex and he stated that Durham County Council was the first local authority in the North East to finalise their 2023/2024 accounts.

Mr I Rudd had looked at the significant findings and the issues which had been experienced with the plant/machinery valuations that were a perennial issue every year.  He queried if something could be done to make things go more smoothly in future years.

M Outterside explained that the valuations would most probably always be a risk as this was a complex area to examine.   

Resolved:

That the report be noted