Agenda item

Report of the Treasurer to the Joint Committee / Corporate Director Neighbourhood Services - Revenue Outturn and Statement of Accounts 2009/10

Revenue Outturn and Statement of Accounts 2009/10.

Minutes:

The Head of Finance, HR and Business Support asked Members to note that the AGS just considered and approved formed part of the larger Statement of Accounts (SOA) report (for copy, see file of minutes), and that also this year the SOA Report included a Revenue Outturn for 2009/10 to give the Joint Committee the actual outturn position after the close of the accounts and after adjustments had been applied.  Members were asked to note the variances, their context and, as previously agreed by the Joint Committee that any surplus would be fed into the ring-fenced budget for capital works to the Crematorium. 

 

The Joint Committee was reminded that the SOA for 2009/10 was SORP compliant and subject to the same rules and governance framework as both Durham County Council and Spennymoor Town Council.

 

Members were referred to Appendix 2 which set out the SOA document.  The Head of Finance, HR and Business Support explained that the SOA was in 5 parts:

 

  • Income and Expenditure Account
  • Statement of Movement on the General Fund Balance
  • Statement of Total Recognised Gains and Losses
  • Balance Sheet
  • Cash Flow Statement

 

The Head of Finance, HR and Business Support noted a typographical error on page 22 regarding revaluations that had been amended for the final version.  Also it was noted that figures for 2008/09 had been included on page 26 for comparison and that revised figures were included on page 29.

 

The Chair thanked the Head of Finance, HR and Business Support and asked Members if they had any questions.

 

Councillor D Stoker asked what “added years” referred to in the table relating to retirement benefits.  The Head of Finance, HR and Business Support explained that these “added years” to the pension fund deficit were elements accrued on employees and were from previous retirements.

 

Resolved:

 

(a)         That the Joint Committee note the outturn position set out in the            Report.

 

(b)         That the Joint Committee approve the Statement of Accounts 2009/10                        for the year ended 31 March 2010.

 

(c)         That the Chair and the Treasurer sign the Statement of Accounts                                  2009/10.

 

Supporting documents: