Issue - meetings
UNRESTRICTED MINUTES
Meeting: 13/07/2010 - Audit Committee (Item 4)
4 UNRESTRICTED MINUTES PDF 62 KB
To confirm as a correct record of the proceedings the unrestricted minutes of the ordinary meeting of the Audit Committee held on 30th March 2010.
Minutes:
RESOLVED that the unrestricted minutes of the meeting held on 30th March 2010 be approved subject to the following amendments:
Page 1 of minutes - Members Present, Councillor Helal Abbas - removal of the title ‘Leader of the Council’ and be replaced by Chair to reflect designation at the time of the Audit Committee meeting.
Page 5 - amended to state that ‘Mr John Hayes highlighted leases and IFRIC as the most significant risks for 2009/10’
Page 9 - word credential be changed to prudential.
Matters Arising
In reply to questions, Mr Minesh Jani (Service Head Risk Management) reported that the Annual Statement of Accounts for 2008/09 were due to be signed off by the Committee on 29th June 2010, but this meeting was declared inquorate. As a result, the Accounts would now have to be submitted to Full Council on 14th July 2010 for approval in accordance with International Financial Reporting Standards (IFRS). The regulations stated that the Accounts must be approved before or on 30th June 2010.
Members requested that they be given more time to considered the accounts ahead of the Audit Committee meeting. It was considered that the documents should be made available a week before the meeting to give Members a chance to scrutinise the accounts. It was Agreed that in future the Annual Accounts be circulated to Members one week before the Audit Committee meeting where they were due to be considered.
Action: Alan Finch (Service Head Corporate Finance)
In relation to the audit of parking permits, (page 8 of minutes) Mr Jani referred to the findings of the last Audit of the area completed in 2007, and the reasons for the limited assurance score. Audit Services would be undertaking a review of this whole area to address any risks and would be reporting back to the Committee.
Meeting: 29/06/2010 - Audit Committee (Item 4.)
4. UNRESTRICTED MINUTES PDF 62 KB
To confirm as a correct record of the proceedings the unrestricted minutes of the ordinary meeting of the Audit Committee held on 30th March 2010.