Agenda item

The Chief Finance Officer introduced the report which requested approval of the audited Statement of Accounts for 2016-17. It was noted that in anticipation of the requirements to be introduced in 2018 the Authority had, for the second year running, successfully prepared and published a draft set of accounts before the end of May.

It was noted that, as a result of changes to guidance, the 2016/17 Comprehensive Income and Expenditure Statement had been published using a different format to the one used in previous years. As a result the 2015/16 Accounts had also been reviewed and represented in the new format to allow comparison. This review had been referred to in the External Auditors report and an audit fee for the additional work approved.

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

RESOLVED:

1.         To approve the audited Statement of Accounts for 2016-17 as attached at Appendix 1 and note the amendments made to the draft accounts itemised in Appendix 2.

2.         To add £34,000 to the one-off sums already delegated by the Authority in May 2016 (Minute 20/16) to the Leadership Team, working with the Chief Finance Officer, as explained in paragraph 6 of the report.