8 GWYNEDD HARBOURS' FINAL ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2020 PDF 218 KB
To consider the
report
Additional documents:
Decision:
To accept and approve the information
- Income and
Revenue Expenditure Account 2019/20
- Statement of Accounts form for the period ending 31 March 2020 (subject to audit)
Minutes:
The Senior Finance Manager submitted the report and it was explained that Gwynedd, in accordance with the statutory
requirements under the Harbours Act 1964, as a harbour authority, was required
to provide an annual accounts statement relating to the activities of Barmouth, Aberdyfi, Pwllheli and Porthmadog harbours.
Due to the
turnover of the harbours being below £2.5m, Gwynedd Harbours was considered to be a small local government body, and therefore
completion of an accounts statement form provided by Wales Audit satisfied the
statutory requirements.
Reference was made to the income and expenditure account and it was
highlighted that despite the income being below target, there was an underspend of £10.5k (maintenance staffing). Attention
was drawn to the external auditors' standard form and it was noted that the
accounts had already been the subject of an internal audit and, since May, the
subject of an external audit undertaken by Deloitte. It was added that an
amended version would only be presented to the Committee's next meeting on 14
September 2020 if there was a need to implement
changes following audit.
RESOLVED to accept and approve the
information
- 2019/20
Income and Revenue Expenditure Account
- Statement of Accounts form for the
period ending 31 March 2020 (subject to audit)
-
Chair of the Committee to sign the statements (electronically)