Statement of Accounts 2008/09

It was moved by Councillor Horne, seconded by Councillor Nelson-Gracie, that the recommendation of the Audit Committee relating to the Statement of Accounts for the financial year ending 31 March 2009 be approved.

RESOLVED:  That the Statement of Accounts for the financial year ending 31 March 2009, attached as an Appendix to the Minutes of the meeting of the Audit Committee held on 15 June 2009, be approved.

The Committee considered the report of the Head of Finance presenting the Statement of Accounts for 2008/09 which fulfils the requirements of the Accounts and Audit Regulations 2003.

The Head of Finance highlighted a number of changes that had been made to the Statement of Accounts since the Agenda had been circulated.  These included an amendment to the Cobtree Trust figure following the finalisation of their accounts, the inclusion of Area Based Grant and Performance Reward Grant under General Government Grants, a reduction in recruitment advertising and other minor amendments.

The Committee asked a number of questions of the Officers relating to office accommodation, treasury management, investments, the pension fund, contingent liabilities, housing benefits subsidy, section 106 figures and the balance on the collection fund and were satisfied with the responses received.

RESOLVED TO RECOMMEND TO THE COUNCIL: That the Statement of Accounts, as amended, for the financial year ended 31 March 2009 (attached at Appendix A) be agreed.