7 STATEMENT OF ACCOUNTS 2019/20 PDF 125 KB
To consider the
Head of Finance’s Report
Additional documents:
Decision:
To accept the Statutory Statement of Accounts (pre audit draft) for information
Minutes:
The Cabinet Member for Finance took the opportunity to thank all staff
at the Finance Department for ensuring that the Council's Accounts Statement had been prepared by 15 June. It was noted
that since then, Welsh Government had extended the submission date to November
as a number of Councils had confirmed that it would not be possible for them to
complete the task by June. The Cabinet Member took great pride, under all the
circumstances, in the fact that the Council had managed to complete the
statement due to the commitment of department staff during a highly challenging
time. He
added that the Council's priority since March had been to protect vulnerable
people in our communities.
The Head of Finance added that the statement had been completed in the
statutory manner, and noted that the pension figures had skewed the overall
figures - these were referred to as paper figures and
in order to provide somewhat better understanding of the situation, he referred
to the information regarding movements in the reserves (page 79). It was felt
that it would be necessary to submit the statement, as it would have dated by
the Committee's next meeting (14/09/20). As it would not be possible for
Deloitte to complete its audit of the accounts until September, it was considered that the Committee could, at that meeting,
focus on the external auditors' audit. The Senior Finance Manager added that
six sets of accounts had been completed and in the statement's context, it was
noted that it was a complex and lengthy statement which
adhered to the CIPFA standard form. Attention was drawn
to the narrative report and to the main issues contained within the report.
RESOLVED to accept the Statutory Statement of Accounts (pre audit draft) for information