Issue - meetings

To consider the report

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)

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)