Agenda item

The report which sought approval for the statement of accounts for 2021/22 was introduced by The Head of Finance.

Regarding section 2.7, Mark Surridge of Mazars confirmed that the pension deficit position had dropped by a third due to the market position, and reflected calculations based on various factors which fluctuated from year to year.

Members asked whether in section 2.4 the wording could be reconsidered, as what was in fact grant income which was not intended to be spent over a single year looked as if it was money which could be available to the Authority this year.  The Head of Finance advised that while the correct accounting terminology had been used it could be considered whether there was a clearer way to communicate this.

The recommendation set out in the report was moved, seconded, put to the vote and carried.

RESOLVED

·         To approve the audited Statement of Accounts for 2021/22 as set out in Appendix 1 of the report.